Bellingham Hill Family Homes

Quick facts

City: Chelsea

Date completed: 2014

Total development cost: $2.4 million

Number of homes: 7 rental apartments

Affordability: 7 units for <30% AMI

Overview

Bellingham Hill Family Homes (BHFH) is The Neighborhood Developers’ first supportive housing project and was built for the benefit of formerly homeless families. These homes specifically targets families living in shelters, families who have lost their homes and are in other temporary housing, or families in imminent risk of losing their housing. Working with Housing Families, Inc. out of Malden, MA, BHFH provides supportive case management to help the support families living at BHFH. BHFH offers a deep level of affordability in the community, offering Section 8 Project Based Vouchers for all seven units.

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Development team

Development consultant: Dan Violi

Architect: Resolution Architects

Contractor: NEI General Contracting

Permanent financing: Boston Private Bank & Trust Company

Subordinate debt: The Commonwealth of Massachusetts Department of Housing and Community Development; Community Economic Development Corporation; and City of Chelsea

Predevelopment financing: Neighborhood Stabilization Loan Fund

Additional funds: NeighborWorks America; The Neighborhood Developers, Inc.

Construction loan: Neighborhood Stabilization Loan Fund