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08-10- 2004

Page history last edited by PBworks 13 years, 3 months ago

August 10, 2004


69 affordable units preserved in renovated, historic South End buildings


Governor Mitt Romney today joined Boston Mayor Thomas M. Menino in celebrating the transformation of four blighted, historic South End buildings into newly renovated housing which will keep all 69-rental units affordable for low- and moderate-income families.


“The Interfaith Apartments development is a great example of how the public and private sectors can work together to promote smart growth,” said Romney. “This is the kind of investment Massachusetts needs to remain open to people from all walks of life in the years to come.”


The Interfaith Apartments are co-owned and developed by the non-profit Madison Park Community Development Corporation and Haley House, Inc., a non-profit South End agency that offers various social and housing services.


The four buildings located at 282 Columbus Avenue, 68 West Concord Street and 564 and 688 Massachusetts Avenue were owned in the 1970s by the United States Department of Housing and Urban Development and deeded to the Boston Housing Authority (BHA) in 1986 to keep them from going to expiring use and to ensure their long-term affordability.


However, the buildings deteriorated over time, and in 2001, the BHA designated Madison Park CDC and Haley House to completely rehabilitate the buildings.


“The rehabilitation and preservation of these affordable housing units is so important here in the South End,” said Mayor Thomas M. Menino. “These buildings have been restored to their original splendor, but just as importantly, they are providing beautiful and affordable places to call home for people who are priced out of the market. I want to thank and congratulate our partners, the Madison Park Development Corporation and Haley House Inc., for their commitment to providing affordable housing and services for the poor and homeless.”


The state Department of Housing and Community Development (DHCD) administered more than $1.3 million in grants and loans as well as an additional $7.4 million generated through the sale of federal low-income housing and historic tax credits for the project.


State quasi-public agencies – the Massachusetts Housing Partnership and the Community Economic Development Assistance Corporation – contributed more than $10 million in short term and permanent financing. Other financing included construction loans from Fleet Bank as well as funds from the Neighborhood Reinvestment Corporation and the City of Boston.


“We need to not only work harder to create more affordable housing in Massachusetts, we need to work smarter,” said DHCD Director Jane Wallis Gumble. “The Romney Administration has us focusing on developments like Interfaith Apartments that are located where there is already existing infrastructure in place and near public transportation centers.”


“All of these families were relocated over a year ago and it’s exciting to see their faces as they return to greatly improved affordable housing. The diversity of these residents and the historic rehabilitation of the building make Interfaith Apartments a wonderful asset to the South End neighborhood of Boston,” said Jeanne Pinado, President of the Madison Park Development Corporation.





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