Orient Heights Redevelopment Project
Update
08/30/21
$40.7M Construction Loan Secured for Orient Heights Phase 3 Development
Trinity Financial has secured a construction loan from Citizens Bank for $40,700,000 for the third phase of development of Orient Heights in East Boston. The loan provides financing for the construction of 81 new units and the modernization of 42 existing units of affordable housing located in the Orient Heights State Public Housing development in Boston.
“This loan demonstrates Citizens’ strong commitment to support affordable housing options for Boston residents,” said Jerry Sargent, Northeast Region Executive at Citizens.
Phase 3 of development at Orient Heights is underway, with new townhouses and mid-rise buildings ranging from two to five stories. New buildings will contain a total of 331 public housing units.
Search BLDUP
Search
BLDUP
for news, projects, and companies to find the information that pushes your business forward.
