Friday, June 7, 2013

MassHousing Announces $2.2 Million in Loan Closings for the Greenway Apartments in East Boston | Massachusetts RealEstateRama

New, 27-unit affordable housing development is completed and fully occupied
BOSTON – June 7, 2013 – (RealEstateRama) — MassHousing has closed on $2.2 million in loans for the 27-unit Greenway Apartments, a newly constructed affordable housing community in East Boston.

The Greenway Apartments were developed by the East Boston Community Development Corporation (EBCDC) and Affirmative Investments at 170-172 Maverick St. in East Boston.

MassHousing provided $2.2 million in permanent financing for the project, which is completed and fully occupied. All 21 apartments will be affordable in perpetuity.

Read the full article at RealEstateRama