Project Highlights

• 219 affordable family rental homes
• Views of Franklin Park, part of Boston's "Emerald Necklace"
• TCB Roles: Owner, Sponsor, Development Consultant, Construction Manager, Management Agent
• Total Development Cost: $38.5 million

Fact Sheet

New Franklin Park Apartments

New Franklin Park Apartments

Comprehensive rehabilitation and recapitalization of 219 family rental units in 15 three- and four-story buildings in the Roxbury and North Dorchester neighborhoods of Boston.

This scattered-site development consists of 219 units in 15 three- and four-story buildings on sites throughout Roxbury and North Dorchester, Massachusetts. The buildings were built between 1889 and 1930. Several of them overlook historic Franklin Park, at 527 acres the largest park in Boston, which was designed by Frederick Law Olmstead as part of Boston’s “Emerald Necklace”.

The properties were being foreclosed upon in the early 1990s when The Community Builders, Inc. (TCB) was asked to get involved. At that time, TCB completed necessary renovations and installed strong management to stabilize the property. In 2010, TCB completed a comprehensive rehab of the property, including new roofs, insulation, heating systems, electrical, fire sprinklers, kitchens and baths. With tenants in place during the entire process, TCB completed the rehab in nine months.

Currently, the New Franklin Park Apartments provide homes for 219 households in two of Boston’s predominantly minority neighborhoods. Over two-thirds of the units are supported with a new 20-year Project-Based Section 8 contract. In addition, 25% of the units are reserved for homeless households, who receive supportive services through area social service agencies under an arrangement with the State.