The Community Builders, Inc. Preserves 220 Units of Affordable Housing in Boston

BOSTON, MA - May 10, 2010: The Community Builders, Inc. joined with Massachusetts Governor Deval Patrick on May 10, 2010 for a groundbreaking celebration at Franklin Park Apartments, a 220-unit scattered-site development in 15 three and four story buildings in the Roxbury and Dorchester neighborhoods of Boston.

Franklin Park Apartments Groundbreaking
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"These men and women are hard at it renovating hundreds of units," said Governor Patrick. "They're fixing front porches and old windows, upgrading heating systems, adding new handicap access, and bringing alarm systems up to code. All of this will save money while improving safety and quality of life."

TCB President Pat Clancy added, "It is clear that the Governor and his team valued the cost effective use of resources to make critical energy, safety, and livability upgrades to this older housing stock. This recapitalization will also enable us at The Community Builders to serve significant numbers of homeless families in this difficult economic climate. We very much appreciate all the support we have received from the Governor and his Administration, our elected officials, MassHousing, and the community."

All 220 units are financed by Low Income Housing Tax Credits and are income-and rent-restricted, accordingly. Upon completion, 11 of the development's units will be fully Uniform Federal Accessibility Standards (UFAS) accessible.

Over $16 million in renovations are planned, including new heating systems, insulation, efficient windows, masonry repairs, fire suppression sprinklers, and new kitchens and bathrooms in the apartments. Financing is provided by MassHousing, AEGON, and Weatherization Assistance Program (WAP) funds provided by the Massachusetts Department of Housing and Community Development (DHCD).

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