$26.4 million refinancing package will fund property upgrades and extend affordability for decades
BOSTON — Senior residents living at Beacon House in Boston’s Beacon Hill neighborhood will benefit from major property improvements and a long-term extension of affordable housing protections through a new $26.4 million financing package from MassHousing.
MassHousing announced Monday that it has closed financing for the refinancing and renovation of the 135-unit senior housing community owned by nonprofit Rogerson Communities. The transaction was completed through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture program in partnership with Rockport Mortgage Corporation…