Chelsea Infill and Small Developments

stick n move · Apr 15, 2024

MassDevelopment Provides $24.5M in Bond Financing for Metro Boston Affordable Housing Project

April 15, 2024
“CHELSEA, MASS. — MassDevelopment has provided $24.5 million in tax-exempt bond financing for a 66-unit affordable housing project that will be located just south of Boston in Chelsea. The building at 170 Cottage St. will ultimately house 11 three-bedroom units, 43 two-bedroom apartments and 12 one-bedroom residences. Units will be reserved for households earning up to 30, 50 or 60 percent or the area median income. The development will also include onsite parking and 15,000 square feet of open green space. A subsidiary of Eastern Bank purchased the bond, and the project is also being funded by $19.7 million in federal tax credits. The developer is nonprofit agency The Community Builders.”

https://rebusinessonline.com/massde...-for-metro-boston-affordable-housing-project/

http://www.davissquarearchitects.com/projects/170-cottage-st

TomOfBoston · Apr 16, 2024

"...affordable housing project that will be located just south of Boston in Chelsea"

Chelsea is north of Boston. Who hires these writers?

stick n move · May 2, 2024

25 sixth st u/c

“Located near the heart of downtown Chelsea, 25 Sixth Street is a 62-unit, transit-oriented project for The Neighborhood Developers that will be built on a previously developed site adjacent to the newly constructed MBTA Silver Line station near Bellingham Square. Residents will also have easy access to Route 1, the Newburyport/ Rockport Commuter Rail, and local buses. The project will provide 56 one, two, and three bedroom rental apartments from 30-100% AMI, which will be dedicated to meeting the housing needs of current Chelsea residents and workers. Additionally, the project will include six owner-occupied, two-story, condominiums at 80-120% AMI, each with a distinct entrance along Sixth St.…”