TND Homes I


Through the TND Homes I development, TND conducted renovations on 21 units of affordable multi-family rental housing in Chelsea and 17 units of affordable multi-family rental housing in Revere. The project refinanced and consolidated additional recently completed small projects, including 10 rental units for formerly homeless veterans, 7 units for formerly homeless families and four affordable multi-family rental units for at-risk young parents in Chelsea. Renovations include replacing mechanical systems and windows, electrical work, and repairing exterior masonry and roofs. These homes will remain affordable for a minimum of 50 years.

The LEED Mid-Rise Program

Date Completed 2016
Total Development Cost $12.3 M
Development Type Rehab and New Construction
Number of Homes 52 rental apartments
Development Consultants Rebecca Plaut Mautner and Peter Munkenbeck
Architect Anthony Macchi
Contractor "Design Construction & Consulting Services, Inc."
Equity Massachusetts Housing Investment Corporation
Subordinate Debt The Commonwealth of Massachusetts Department of Housing and Community Development; MassHousing; Community Economic Development Assistance Corporation;
City of Chelsea; North Suburban Consortium HOME Program; and City of Revere,
Permanent Financing Boston Private Bank & Trust Company; Neighborhood Housing Services Revolving Loan Fund
Construction Loan Boston Private Bank & Trust Company