MassDevelopment can help affordable housing developers access historic tax credits and can assist with predevelopment work, construction, and permanent financing.
The University of Massachusetts Dartmouth will use the proceeds from a $132 million tax-exempt MassDevelopment bond to build, furnish, and equip a five-story, 306,900-square-foot residence hall. The new facility, which will house approximately 1,210 mostly first-year students, will include a dining hall and space for student activities and academic support.
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The Neighborhood Developers used proceeds from a $6.9 million tax-exempt bond to buy and demolish a building at 242 Spencer Avenue in Chelsea and build, furnish, and equip a four-story, 34-unit rental apartment facility in its place.
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MassDevelopment issued a $22.7 million tax-exempt bond to help The Community Builders, Inc. complete the second phase of renovations at Lyman Terrace, a 164-unit affordable multifamily rental housing facility in Holyoke.
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Learn more about MassDevelopment’s range of financing options.
Tax-Exempt Bonds
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Brownfields Redevelopment Fund
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Pre-Development Loan
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Commercial Real Estate Loan
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Mortgage Insurance Guarantee
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Learn how our extensive real estate experience can help you with your next project.
Planning & Development
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Site Readiness
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Property Assessed Clean Energy (PACE)
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Transformative Development Initiative (TDI)
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“We are grateful for the support from MassDevelopment. Walker Park will provide families living in Egleston Square access to 49 new units of quality affordable housing and services while also revitalizing the neighborhood.”
Frank Shea, CEO
Urban Edge Housing Corporation
