MassHousing has a long history of partnering with Beacon Communities in the production, preservation and management of affordable and mixed-income multi-family housing. Beacon Communities has 44 housing communities in MassHousing's rental housing portfolio with more than 6,800 housing units and more than $265.4 million in Agency financing.
Beacon Communities LLC is a privately owned real estate firm that develops, acquires, invests in, and manages a wide range of multi-family housing.
Since 2004, Beacon Communities has completed more than 2,800 apartments of new construction or substantial rehabilitation in 24 transactions. They additionally acquired or financially restructured an additional 4,900 housing units, some receiving limited rehabilitation.
Beacon's portfolio includes affordable housing, market-rate housing and mixed income-housing. Their communities range from new construction, to historic adaptive reuse, to the renovation of existing housing. They take on challenging developments and make them succeed. Their driving passion is to create well-designed, healthy homes that improve the quality of life of their residents and enhance the neighborhoods in which they are located.