In case you missed it, in July MassHousing announced several loan closings totaling $274.1 million. The financing will result in renovations and the preservation of affordability of 1,697 rental units.
The largest transaction of the bunch—which is incidentally the largest transaction in MassHousing's history—was the $171.2 million to renovate and preserve affordability at the 967-unit Georgetowne Homes in the Hyde Park section of Boston.
MassHousing also announced a total of $52.4 million in loans to four Boston-based community development corporations (Urban Edge Housing Corp., Codman Square Neighborhood Development Corp., Lena Park Community Development Corp. and Nuestra Communidad Development Corp.) that will result in the repair and ongoing affordability of 359 apartments in the city's Dorchester, Jamaica Plain, Mattapan and Roxbury neighborhoods.
A total of $30.4 million from MassHousing will help the 129-unit Quincy Heights perform renovations and preserve affordability for the long term. The property also received the first Choice Neighborhood grant from HUD, for $20.5 million.
Kings Landing in Brewster, which was part of MassHousing's previous largest-ever transaction, will receive $10.1 million in financing from the Agency. And Ames Privilege in Chicopee will receive $8 million for the renovation and preservation of 134 apartments. This includes 40 units that have been vacant since 1988 and will be restored.