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MassDevelopment Provides $23.5M in Bond Financing for Metro Boston Affordable Housing Project
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MassDevelopment Provides $23.5M in Bond Financing for Metro Boston Affordable Housing Project
REVERE, MASS. — MassDevelopment has provided $23.5 million in tax-exempt bond financing for a 56-unit affordable housing project in Revere, located just east of Boston. The building at 110 Ocean Ave. will have 32 units for households earning 50 percent or less of the area median income (AMI) and 24 units for households earning 30 percent or less of AMI. In addition to 48 one-, two- and three-bedroom units, the building will also have eight group…
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