On February 16, CEDAC Executive Director Roger Herzog proudly joined Rob Corley of NeighborWorks Housing Solutions (NHS) and House Speaker Ron Mariano, Senator (and Housing Committee Chair) John Keenan, Representative Mark Cusack, Holbrook Town Administrator Gregory Hanley, and representatives from the Department of Housing and Community Development (DHCD), Massachusetts Housing Partnership, the Massachusetts Affordable Housing Trust Fund, the Quincy South Shore HOME Consortium, and construction lender Eastern Bank for a ground-breaking ceremony for NeighborWorks’ newest housing development in Holbrook.
The development, located at 120 N. Franklin Street in Holbrook Center, will be home to a 72-unit senior housing community made possible by the collaborative work, and advocacy of the project by NeighborWorks together with its development team, The Narrow Gate architecture, NEI General Contracting, and property manager Maloney Properties.
CEDAC provided $800,000 in predevelopment financing to NHS, as well as $1.1M in Housing Innovation Funds, part of the array of DHCD financial resources committed to this project.
