Chelsea Infill and Small Developments

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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]

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

Chelsea is north of Boston. Who hires these writers?

 

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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.…”

https://www.utiledesign.com/work/25-sixth-street/

 

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MassHousing Announces $9.9 Million in CommonWealth Builder Funding to Create 28 New Homeownership Opportunities for Moderate-Income, First-Time Homebuyers in Chelsea​

“MassHousing has provided $9.9 million in CommonWealth Builder financing for the development of 440 Broadway in Chelsea, which will offer 28 new condominiums for purchase by moderate-income, first-time homebuyers.

Causeway Development LLC will redevelop a parcel formerly owned by the city containing a vacant retail building in the city’s Bellingham Square into a five-story building with 14 condominium units for sale to homebuyers earning up to 80 percent of the Area Median Income (AMI) and 14 units for sale to homebuyers earning up to 100 percent of AMI………”

https://www.bldup.com/posts/masshou...erate-income-first-time-homebuyers-in-chelsea