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Nonprofits Land $37M for Boston Affordable Project

November 18, 2020

mattapan station rendering

Nonprofits Preservation of Affordable Housing and Nuestra Comunidad Development Corp. have received a $36.5 million affordable financing package for the development of The Loop at Mattapan Station, a 135-unit affordable and workforce housing community in Boston. MassHousing provided a total of $17.4 million in permanent financing, $16.1 million in tax-exempt bridge financing and $3 million from its Workforce Housing Initiative.

The transit-oriented community will take shape at 500 River St., on a 2.6-acre underutilized MBTA parking lot adjacent to Mattapan Station. The development team also includes Dellbrook | JKS as general contractor and The Architectural Team as architect, while MacKay Construction will be in charge of infrastructure work. Continued here