Long_Glen

Long Glen

This project involved the acquisition of three contiguous buildings by the Allston/Brighton Community Development Corporation, which rehabilitated them into 59 units of affordable housing. Massachusetts Housing Investment Corporation (MHIC) teamed up with the Life Initiative, the Property and Casualty Initiative and Boston Community Capital to make a $14.5 million acquisition loan. MHIC also made a $7.7 million equity investment in this project. This project made use of the 4 percent Low-Income Housing Tax Credit.

Location:	Boston, MA
Region:	Northeast
Renter/Owner:	Renter Only
Number of Units:	59
Target Population:	16 units affordable to households with 60 percent or less of AMI, 14 units affordable to households with 50 percent or less of AMI, 29 units affordable to households with 30 percent or less of AMI
Type:	Urban
Credits:	Photo Credit Robert Schoen, Courtesy of Massachusetts Housing Investment Corporation
Enabling Policies:	Expand Use of the 4 Percent Low-Income Housing Tax Credit Preserve Affordable Rental Homes