POAH Plans Upgrades After Lynn Housing Acquisition
A Boston nonprofit will launch a building renovation program in 2025 to address deferred maintenance following its acquisition of a downtown Lynn senior housing community.
More Green Building Requirements Coming to Boston in 2024
The next hurdle for developers that want to build in the city will challenge them to include decarbonized materials and green building designs to reduce their fossil fuel footprints.
City Picks Mass Timber Design for West End Library Affordable Tower
Boston nonprofit developer Preservation of Affordable Housing and its partner Caste Capital were picked to construct 119 affordable housing units and a new library branch in Boston’s West End.
Rockland Trust Finances Project to Add Affordable Housing on Cape
Nonprofit Preservation of Affordable Housing will use a $12.5 million loan from Rockland Trust Co. to develop a project designed to address the housing crisis on Cape Cod.
POAH Gets Eastern Bank Financing for Mashpee Project
Financing from Eastern Bank will enable a Boston-based nonprofit housing developer to complete 39 income-restricted apartments in Mashpee.
Exciting News from the West End
Nearly all new development projects are exciting, but a slate of proposals to turn a single-story library site in Boston into 90 or more affordable homes is worth cheering on with extra intensity.
Eight Teams Vie to Build West End Housing
An offering to redevelop the Boston Public Library’s West End branch attracted eight proposals that could create over 100 new affordable housing units and new civic space.
BPDA Reform Could Backload Biggest Changes
Commercial and nonprofit affordable housing developers say the biggest effects of BPDA reform won’t be felt until a comprehensive rezoning plan is completed.
Rockland Trust Finances Renovations to Salem High-Rises
A $61 million financing package led by Rockland Trust Co. will be used to renovate 281 units of affordable housing in Salem.
53 Affordable Housing Landlords Pledge to Avoid Evictions
Over four dozen owners and operators of affordable housing units announced a joint pledge this morning to work with their tenants in financial trouble due to the COVID-19 recession and avoid evicting them over missed rent payments.
POAH Buys 227-Unit Attleboro Portfolio
Nonprofit developer Preservation of Affordable Housing has closed on its acquisition of a 227-unit, 3-building portfolio in Attleboro.
Personnel File
Members of the banking, real estate and construction firms have been on the move in recent days. See who’s been hired and promoted in this week’s Personnel File.
Amy Anthony: 1944–2018
The affordable housing world lost a giant with the death of Amy Anthony on Dec. 9. Housing leaders all over the country have reacted the same way when hearing news of her death: “I owe so much of my career and professional life to her.”
MassHousing Finances Bedford Housing Communities With $22.4M
Preservation of Affordable Housing has received $22.4 million in MassHousing affordable housing financing to acquire, rehabilitate and preserve the affordability of two Bedford housing communities long-term.
Opportunity’s Shiny New Toy
Hidden beneath the $1.5 trillion of tax cuts that was signed into law in December 2017 is a tiny kernel of economic opportunity.
MassHousing Closes $49.3M for Roxbury’s Whittier Choice Neighborhoods Initiative
MassHousing has closed on a total of $49.3 million in affordable housing financing to affiliates of Preservation of Affordable Housing and the Madison Park Development Corp. to support the ongoing first phase of the Whittier Choice Neighborhoods Initiative.
Demo on Whittier Street a Cause for Celebration – for Now
Residents and public officials stood in a courtyard behind a Whittier Street building late last month, watching together as heavy machinery tore away pieces of the building’s fire escape, dropping them onto the ground below.
Cambridge Apartment Building To Undergo $45M Reno
The 154-unit Briston Arms Apartments in Cambridge...
Gornstein Named President, CEO Of POAH
Former Undersecretary for the Department of Housing...
