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Tribune Apartments

46 Irving Street
Framingham, MA
Deal Type: 
Preservation Acquisition
Year Built: 
1983
Acquisition Date: 
2013
Number of Units: 
53
Tenancy: 
Senior

Saving Tribune Apartments as affordable rental housing for elderly, handicapped, and disabled households was important to the Town of Framingham, a community in the Metro West area of Greater Boston.

The development is located in South Framingham only one block from Town Hall. The four-story, co-joined buildings have been well maintained. Amenities are extensive for a 53-unit development and include two community rooms, recently renovated common areas, and nine-foot ceilings in the living spaces of the apartments.

Through quick-closing loan programs developed by MHIC and CEDAC, POAH was able to make a competitive offer that met the seller’s required timeframe. POAH closed on the transaction within 90 days of execution of the purchase & sale agreement. The ability to close the transaction quickly to help the seller meet a financing obligation was a critical component of our successful preservation of this affordable housing community.

Renovations include replacement of the roof, modernized HVAC systems, door and windows upgrades, and more.

Project Partners: 

  • Massachusetts Housing Investment Corporation (MHIC)
  • Community Economic Development Assistance Corporation (CEDAC)
  • Massachusetts Department of Housing and Community Development