The Neighborhood Developers acquired the occupied 24-unit property at 585–593 Broadway in 2000. TND conducted a moderate rehab of the property’s one- and two- bedroom units, and preserved affordability.
|Total Development Cost:||N/A|
|Construction Type:||Moderate rehab|
|No. of Units:||24|
|Affordability:||11 units up to 50% AMI, 8 units up to 60% AMI, and 5 market rate units|
|Owner/ Developer:||The Neighborhood Developers|
|First & Second Mortgagee:||Massachusetts Housing Partnership|
|Lenders:||City of Chelsea, North Suburban Consortium HOME Funds, Equity Investor, NeighborWorks America, Charles Bank Homes|