585-593 Broadway

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.

Date Completed: 2003
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