MassHousing has had a longstanding partnership with the Braintree-based Schochet Companies in helping to foster affordable housing opportunities for residents of Massachusetts.
The Schochet Companies is a full service real estate development and management company founded by Jay R. Schochet in 1973. Since that time, through its corporate entities, Schochet Associates, Inc., and Federal Management Co., Inc., the company has developed, owned, and/or managed in excess of 6,500 apartments and over 600,000 square feet of retail and commercial space throughout New England and on the West Coast.
Today, through its divisions, Schochet Development, Schochet Property Management, and Schochet Investments, The Schochet Companies owns and/or manages over 3,500 apartments and 275,000 square feet throughout New England. Formerly headquartered in Boston, now in Braintree, the company has regional offices in Newport, RI, Hartford, CT, and Portland, ME, and employs more than 160 people.
MassHousing has collaborated with Schochet on a number of MassHousing-financed developments including the Cotton Mill Apartments in Whitinsville, Hampton Court in Northampton, Saint Botolph Street Apartments in Boston, the Waterview Apartments in South Boston and Riverside Towers in Medford.
They are also designated as the management company for those communities as well as a number of other properties in MassHousing's portfolio.
"The Schochet Companies has been a valued partner in helping MassHousing with its mission of helping to create and preserve quality affordable housing in Massachusetts," said MassHousing Executive Director Tim Sullivan. "Because of their expertise and professionalism, hundreds of working families and senior citizens have an affordable place to live in well maintained and well managed housing communities."