Veterans Northeast Outreach to create additional housing for veterans

Veterans Northeast Outreach is looking to create more affordable housing for military veterans and their families in the Merrimack Valley.
The organization has become a good neighbor in several areas of the city where it operates housing for veterans. Most recently, in 2012, it turned an abandoned and run-down home at 134 Cedar St. into an energy-efficient building with two apartments.
Now the organization that provides a range of services to veterans and their families is looking to develop 27 additional units of affordable rental housing in the Mount Washington neighborhood, where it is based. Construction is expected to begin as early as this fall with an opening in the fall of 2015.
“Nationally, there is no larger single demographic that has a greater need for affordable housing than veterans and their families,” said John Ratka, executive director of Veterans Northeast Outreach.
He said his organization works with veterans in their early 20s to those in their 80s who have a need for affordable housing as some are low-income and some are living on disability compensation.
On Jan. 15, the city’s Zoning Board of Appeals unanimously approved the application for a Comprehensive Permit submitted by the Veterans Northeast Outreach Center to create more housing for veterans.
Ratka said the $5.7 million project involves creating 27 affordable rental units on three sites in the Mount Washington neighborhood: vacant lots on Temple Street and Tremont Street and an underutilized parking lot on Reed Street adjacent to the VNOC Outreach Center, located in the former St. Rita’s Church at 10 Reed St.
Seven units will be fully handicap accessible, Ratka said.
Ratka said the project involves construction of three residential buildings: A two-story building with 18 studio apartments at 2 Reed St., where each apartment will have its own kitchen and bath, and is intended for single person households. The site will offer 26 parking spaces.
A three-story building is planned for 74 Temple St. and will provide six, one-bedroom units with six off-street parking spaces.
A three-unit building is planned for 17 to 19 Tremont St. and will provide one two-bedroom apartment and two three-bedroom apartments with five off-street parking spaces.
“We wanted housing that fits each neighborhood,” Ratka said. “A lot of careful planning went into the size of the project and how it would affect the neighborhood while maintaining the history of the St. Rita’s property for those who have lived in the community for a long time.”
The project is a collaboration between Veterans Northeast and the Coalition for a Better Acre (CBA), based in Lowell, Ratka said.
The non-profit community development corporation has developed 425 affordable rental units, 33 commercial units, and more than 50 units for first-time home-buyers in Lowell, Ratka said. The Haverhill initiative is CBA’s first residential development project outside of Lowell.
Madeline Nash, CBA’s director of real estate, said the CBA will be seeking funding through the Low Income Housing Tax Credit Program and other state affordable housing development sources. Pre-development financing has been provided by the Community Economic Development Assistance Corporation (CEDAC). The North Shore HOME Consortium committed $250,000 in federal HOME program funds in September 2013.
CEDAC is a private-public, community development finance institution that is also active in national housing preservation policy research and development and is widely recognized as a leader in the non-profit community development industry.

SourceEagle Tribune

CEDAC Grants $7M For Affordable Housing and Child Care Facilities

Tuesday, October 1, 2013
CEDAC Grants $7M For Affordable Housing and Child Care Facilities
Community Economic Development Assistance Corp. (CEDAC) has awarded $7.2 million in funding to various organizations across Massachusetts to develop and preserve affordable housing projects and child care facilities.
Nine projects in eight communities- Northampton, Framingham, Springfield, Boston (Dorchester and Jamaica Plain neighborhoods), Stow, Somerville, the Williamsburg/Chesterfield region in Western Massachusetts and Great Barrington-received loans. Of the $7.2 million total, organizations in Greater Boston received $525,000, while the MetroWest region was granted loans of $2.85 million and Western Massachusetts $3.8 million.
“Our non-profit community partners are actively working on projects for the preservation and development of affordable housing in Massachusetts, which is a good sign for families and individuals in need of quality housing,” Roger Herzog, CEDAC’s executive director, said in statement.
“The need to preserve quality affordable housing remains a statewide issue,” Herzog continued. “Over the past 18 months, we have seen several nonprofit organizations come forward to help preserve hundreds of affordable housing units across the Commonwealth. We are encouraged by that activity, and expect to see even more of it going forward.”
Projects include:
• $2.8 million to purchase the Tribune Apartments on Irving Street in Framingham, preserving 53 affordable units
• $2.4 million for preserve 34 units of affordable housing in Springfield at the Kenyon College Estates
• $1.1 million to develop 60 units of affordable housing on 1.23 acres of land at a former lumber yard Northampton

Banker & Tradesman ©2013 All Rights Reserved
URL: http://www.bankerandtradesman.com/news156778.html

SourceBanker & Tradesman

Loans to support new affordable housing, classroom space in Dorchester

July 17, 2013
Loans to support new affordable housing, classroom space in Dorchester
By Patrick D. Rosso, Town Correspondent
DORCHESTER – Two loans from the Community Economic Development Assistance Corporation totaling $940,000 were recently awarded to area real estate development organizations to support the creation of housing and classroom space in Dorchester, according to the agency.
Viet AID, a Fields Corner non-profit, will use a $665,000 loan to acquire land and develop affordable housing in the Four Corners neighborhood. The site, which is currently home to an auto body shop and nine vacant city-owned parcels, will eventually be turned into 35 residential units and 3,000 square-feet of ground floor retail space. Nine of the project’s units will be reserved for formerly homeless families.
“Viet AID is truly working hard to provide Dorchester with the basic building blocks of a strong community,” Roger Herzog, executive director of Community Economic Development Assistance Corporation, said in a statement. “CEDAC is happy to support Viet AID as it increases housing and child care opportunities in Dorchester, and provides formerly homeless families the necessary services and support they need.”
Viet AID also received a $150,000 loan from the Children’s Investment Fund, a Community Economic Development Assistance Corporation affiliate, to convert vacant office space in the Vietnamese Community Center in Fields Corner into classroom space.
The Dorchester Bay Economic Development Corporation also received $125,000 as part of the loan. The Uphams Corner based real estate development agency will use the funds to renovate its Cottage Brook property in Dorchester’s Uphams Corner neighborhood.
Consisting of 19 buildings, renovations to the development include energy efficiency improvements.
“In Dorchester Bay EDC, we see an experienced community development corporation that is capable of managing complex housing development projects,” Herzog said. “The availability of affordable housing options in this area is vital to the community’s growth and development. I am confident that through the efforts to improve and preserve the Cottage Brook property, DBEDC’s continued efforts will benefit the Dorchester community.

© 2013 NY Times Co.
URL: http://www.boston.com/yourtown/news/dorchester/2013/07/hold_loans_to_support_new_affordable_housing_and_classroom_s.html

SourceBoston Globe

Affordable housing advocates celebrate purchase, preservation of 6 buildings

June 3, 2013
Affordable housing advocates celebrate purchase, preservation of 6 buildings
By Johanna Kaiser, Town Correspondent
Affordable-housing advocates last week celebrated the largest nonprofit affordable housing preservation sale in the state—one that has allowed a non-profit to preserve more than 800 affordable units.
Preservation of Affordable Housing, a non-profit that, purchased six affordable housing complexes from State Street Development Corporation last summer.
The six complexes located throughout the state consist of 841 affordable units for senior citizens and families.
“Today we’re celebrating the fact that this building and the five others in this portfolio will continue to serve as healthy, supportive, affordable housing for the long term,” Herb Morse, chairman of Preservation of Affordable Housing’s board of directors said during the celebration at the South End’s Franklin Square House, one of the buildings purchased by the organization.
“It’s truly a good preservation story, we succeeded in preserving and renovating more than 500 deeply affordable apartments for seniors in some of Boston’s highest cost neighborhoods.”
The other buildings include the Blackstone Apartments near Massachusetts General Hospital, the Kenmore Abbey Apartments in Kenmore Square, and complexes in Brewster, Orleans, and Hudson.
The Community Economic Development Assistance Corporation provided one of its largest preservation loans to date with a $1.8 million loan to Preservation of Affordable Housing allocated through the Massachusetts Preservation Loan Fund. It is also the largest affordable housing preservation transaction ever supported by MassHousing, the state’s housing finance agency.
Aaron Gornstein, the state’s undersecretary for Housing and Community Development, said the preservation of these affordable units is a cost effective way maintain affordable housing.
“It’s better for the taxpayers because it’s typically more cost effective to preserve the buildings we have and renovate them than to build new construction from scratch,” he said.
Besides praising the recent purchase and renovations, officials and advocates also stressed the importance of affordable housing in general.
“What were doing here today is not just preserving affordable housing, we’re preserving a place to live,” Barbara Fields, regional administrator for the Department of Housing and Urban Development. “A big chunk of what provides for good health is where you live and the social connections you have.”
Morse, of Preservation of Affordable Housing, also thanked the residents who stayed in their homes during renovation work.
“Our residents were really good sports, they cooperated with the workers, they helped each other out, they communicated to us—and believe me they communicated to us—when they saw room for improvement.”

© 2013 NY Times Co.
URL: http://www.boston.com/yourtown/news/south_end/2013/06/affordable_housing_advocates_c.html

SourceBoston Globe, South End edition

Money approved for housing project

Sunday, May 19, 2013
Money approved for housing project

WEBSTER — A Boston-based nonprofit has approved $400,000 in funding to renovate the former Sitkowski School into an affordable housing project.

The Community Economic Development Assistance Corp. has approved $400,000 in funding for the Neighborhood of Affordable Housing Inc. project to convert the former high school into a 66-unit development and community center for seniors, according to a press release from CEDAC.

“The development, known as the Sitkowski School Apartments project, will add to the continued revitalization efforts in Webster, while also providing affordable housing options for elderly residents,” the press release said. “Funding for this project was increased from $100,000 to $300,000 to assist NOAH in moving the project forward, now that it has received its state funding awards in February.”

CEDAC also approved renovations of a former school in Dorchester and a 4-acre site in Easthampton into affordable housing complexes.

URL: http://www.telegram.com/article/20130519/NEWS/305199991/1002/business
© 2013 Worcester Telegram & Gazette Corp

SourceWorcester Telegram & Gazette

D Street affordable units for veterans get new funding

September 25, 2012

South Boston
D Street affordable units for veterans get new funding
By Patrick D. Rosso, Town Correspondent
Twenty-four new affordable apartments for veterans will be built in South Boston after a private-public community development finance institution, announced a financial commitment to the Patriot Homes project.
“Greater Boston remains the area of the state where we see the greatest demand for affordable housing,” Roger Herzog, executive director of the Community Economic Development Assistance Corporation, said in a statement. “It is encouraging to see affordable homes being preserved and created in Cambridge and Boston.”
The South Boston Neighborhood Development Corporation, which received the $200,000 loan, will lead the project to redeveloped the vacant South Boston Police Station along with Caritas Communities.
The 24 units on D Street will be a mix of studios, one bedrooms, and two bedrooms. The construction will be LEED certified, according to the Project Notification Form filed with the Boston Redevelopment Authority.
In addition to the new units, the 21,258-square-foot project includes 10 parking spaces and will provide stable housing for veterans, some of whom were formerly homeless.

© 2012 NY Times Co.
URL: http://www.boston.com/yourtown/news/south_boston/2012/09/d_street_affordable_units_for.html

SourceBoston.com, South Boston Edition

Business Digest for Aug. 3: Affordable housing loans approved for Stow and Framingham

August 3, 2012

Business Digest for Aug. 3
By Staff reports
The MetroWest Daily News

Affordable housing loans approved for Stow and Framingham
The Community Economic Development Assistance Corp. (CEDAC) this week announced commitments of $1.8 million for 11 affordable housing developments designed to provide quality affordable housing for low-income residents across Massachusetts. Among those developments, CEDAC provided loans of $285,000 to the Stow Elderly Housing Corp., $300,000 to the Stow Community Housing Corp. and $50,000 to Cochituate Homes Inc. in Framingham. The loan for the Stow Elderly Housing Corp. will support the construction of 37 new units of supportive housing for frail seniors in Stow. The loan for the Stow Community Housing Corp. will be used for technical assistance in connection with the development of the Pilot Grove Apartments II project. The loan for Cochituate Homes will be used to preserve 160 units of existing affordable housing in Framingham. CEDAC is a private-public, community development finance institution. For more information, visit cedac.org.

Copyright 2012 The MetroWest Daily News. Some rights reserved

URL: http://www.metrowestdailynews.com/business/x521650201/Business-Digest-for-Aug-3#ixzz22milVxyI

SourceMetroWest Daily News

Framingham, Stow affordable housing projects receive loans

August 2, 2012

Framingham, Stow affordable housing projects receive loans
By Brian Benson/Daily News staff
The MetroWest Daily News

Affordable housing developments in Framingham and Stow were among 11 projects across Massachusetts that recently received loans from the Community Economic Development Assistance Corporation.
The corporation, a private-public community development finance institution, announced this week it approved a $285,000 loan to Stow Elderly Housing Corporation, $300,000 to Stow Community Housing Corporation and $50,000 to Cochituate Homes, Inc. in Framingham.
“It is encouraging to see affordable housing production and preservation in the MetroWest region of the state,” Roger Herzog, Community Economic Development Assistance Corporation’s executive director, said in a statement. “There are individuals and families in this affluent part of Massachusetts that are in need of greater access to affordable housing.”
Cochituate Homes, Inc. received $50,000 to preserve 160 units of existing affordable housing in Framingham. The loan will help Cochituate Homes’ board develop a financing plan to maintain the development’s affordability, according to a release.
The Stow Elderly Housing Corporation loan will help the organization build 37 new units for seniors. The project is next to an existing 50-apartment complex for seniors.
Also in Stow, the Community Economic Development Assistance Corporation approved a $300,000 loan increase to the Stow Community Housing Corporation, as part of the Pilot Grove Apartments II project. The Community Economic Development Assistance Corporation has now awarded that development $500,000 in loans. The project includes 30 new units of affordable rental housing next to Pilot Grove Apartments I, which has 60 units of mixed-income housing.

Copyright 2012 The MetroWest Daily News. Some rights reserved

URL: http://www.metrowestdailynews.com/news/x521649344/Framingham-Stow-affordable-housing-projects-receive-loans#ixzz22mh3Xql

SourceMetroWest Daily News

New apartments to be called ‘Water Mill’

Wednesday, June 13, 2012
New apartments to be called ‘Water Mill’
The former Whitney & Company building on the corner of Water and Whitney streets, being transformed into 40 apartments, will be called Water Mill Apartments.
Officials unveiled the name at a Monday ceremony, which included Congressman John Olver, D-Mass., and numerous other elected officials. The ambitious project, expected to be complete by September, includes affordable 1-, 2- 3- and 4-bedroom apartments.
According to Marc Dohan, executive director of the Twin Cities CDC, which is managing the project, coming up with a name was a challenge. “We wanted a name that reflected the long and proud history of the building, as well as one that was easy to remember.”
Brothers Fred and Walter Whitney built the original structure in 1893 to accommodate their growing box manufacturing company. Over the ensuing decade, several large additions were added to the building. At the turn of the 20th century, the city’s two major box makers, E.F. Dodge & Co. and Whitney & Company, employed upwards of 200 people. The building was last used as a manufacturing facility in 1961.
Monthly rents for the LEED-certified apartments, which must meet minimum standards for the design, construction and operation of a high performance green building, will range from approximately $640 to $770, depending on the size of the unit. Some units will be based on a tenant’s income.
The property manager for Water Mill Apartments is Wingate Companies, which can be reached at (978) 840-1420.
Funders and partners for the project include: City of Leominster— Fitchburg-Leominster, HOME Consortium; Office of Congressman John Olver, through the US Department of Housing and Urban Development; The Commonwealth of Massachusetts Department of Housing and Community Development; HOME Investment Partnership Program (HOME), Housing Stabilization Funds, CDBG-NSP Program, Community Development Action Grant; Massachusetts Historical Commission; MassHousing, Massachusetts Affordable Housing Trust Fund; MassDevelopment; National Park Service; Neighborworks® America; Massachusetts Housing Investment Corporation; TD Bank; Avidia Bank; Community Economic Development Assistance Corporation, Community Based Housing, Predevelopment and Acquisition funding; Massachusetts Brownfields Tax Credits; Energy Rebates—Massachusetts Multifamily New Construction Pilot; Twin Cities Community Development Corporation; Davis Square Architects; Dellbrook Construction and Wingate Companies.

Copyright 2006-2012, the Holden Landmark Corp.
http://www.leominsterchamp.com/news/2012-06-15/Your_City/New_apartments_to_be_called_Water_Mill.html

SourceLeominster Champion

New Right of First Refusal Law Preserves Affordable Housing in Cambridge, MA

On February 8th, the Community Economic Development Assistance Corporation (CEDAC) was pleased to celebrate with its preservation partners the dedication of Chapman Arms, a 50-unit building located in Cambridge’s busy Harvard Square, as the first affordable housing to be preserved through the state’s right of first refusal – an important provision of the state’s innovative Chapter 40T law… Click here to read more. https://cedac.org/NewsletterAffHsngMay2012.html

SourceNational Housing Trust Newsletter, May 9, 2012