The LIHTC vehicle will create or preserve existing affordable housing in 15 communities across nine states. Boston Financial has closed its first Low Income Housing Tax Credit multi-investor fund at $131M.
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Portland Planning Board approves senior, family housing project in West End
The 95 apartments in two buildings behind the old Mercy Hospital will go to those making less than the city s median income.
By By Michael KelleyStaff Writer
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A project approved last week by the Portland Planning Board will add sorely needed affordable family units to the city’s housing mix, officials said.
“The type of housing being provided here is necessary,” Planning Board Chair Brandon Mazer said. “We are not seeing a ton of family housing in general coming in. We are seeing a lot of studios and one-bedrooms, so this is really meeting some of our need.”