Boston-Area Church Rectory Is Set To Become Multifamily Housing

By Teresa Mettela

The former Sacred Heart Church rectory and school in East Cambridge, MA, are being renovated to make way for affordable housing.

The developer, Preservation of Affordable Housing (POAH), is designing the 46 apartment homes as a less expensive option for qualifying households with a range of incomes below 80% of the area median income (AMI)...

...The project will transform the site into multifamily housing—balancing preservation of historic character with the city’s need for more accessible homes. The complex will include one-, two-, and three-bedroom units.

...A big part of the funding for the project is coming from the Executive Office of Housing and Livable Communities (EOHLC), which has offered $2.4 million through a combination of grants and loans, as well as a 9% Low Income Housing Tax Credits and state Low Income Housing Tax Credits.

“EOHLC is proud to contribute over $2.4 million to this important project led by POAH to create 46 affordable homes for families in East Cambridge,” said Ed Augustus, Massachusetts secretary of Housing and Livable Communities. “By repurposing a historic school and parish rectory, we’re preserving the building’s rich architecture while providing much-needed affordable housing for the community.”..

Read the full article here on Realtor.com.