Project Progress: Acquired by Proponent


About Haynes House Apartments

735 Shawmut Ave, RoxburyBoston, MA

The property features a 138,710 square foot residential building comprised of 131 units in the Roxbury neighborhood of Boston. The affordable housing property consists of one and two bedroom units and accepts Section 8 Housing Choice Vouchers (HCV).

Haynes House Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI.

It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Construction Cost $22,700,000.00
Acquisition Cost $22,700,000.00
Square Feet 138,710
Sector

Affordable Housing

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Haynes house apartments 735 shawmut ave roxbury ma

Jan 16, 2019

Madison Park Development Corporation has acquired the Haynes House Apartments located in Roxbury for $22.7...

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