MassHousing Closes on $10.6 Million in Affordable Housing Financing for the Transit-Oriented Development in Chelsea
The Architectural Team is working alongside several project partners to design 62 mixed-income, transit-oriented apartment homes in Chelsea, MA. Originally published in the Boston Real Estate Times.
MassHousing has closed on $10.6 million in affordable housing financing to Arx Urban and Boston Communities for the construction of 62 mixed-income, transit-oriented apartment homes on Chelsea’s main commercial corridor.
375 Broadway involves the development of a new 43-unit six-story building along with the moderate rehabilitation of an existing 19-unit building at Broadway and Fourth Street. The new transit-oriented affordable housing community will be near the city’s MBTA Commuter Rail station and five major bus routes.