Clocktower Tax Credits, LLC was proud to be invited to the City of Boston’s celebration of the ongoing revitalization of Jackson Square in the city of Boston. The celebration featured three affordable housing developers: Jamaica Plain Neighborhood Development Corporation (JPNDC), Urban Edge, and The Community Builders (TCB).
The three developers have been working hand in hand with the City of Boston for over 17 years on an initiative to redevelop more than eight acres of vacant land to increase the number of affordable rental housing units by 300 in the Jackson Square neighborhood. That number has long been surpassed and now stands at 487 with more to come as more of these projects are placed in service. With limited parking in the City, one of the features of this location is the easy access to the Jackson Square MBTA station, giving residents easy access to Boston and its surrounds.
Clocktower is one of the funders providing tax credit equity to TCB’s project, named 250 Centre Street, that will create 76 new affordable housing units amongst the 219 units being created in total by the three developers.
If you have a project in Massachusetts, or anywhere in the country, that needs investor tax credit equity, don’t hesitate to call us. We work with developers with prospective Low-Income Housing, Historic Rehabilitation, or other tax credit projects seeking Federal and/or State tax credit equity, and other unique state incentives such as the Pennsylvania REAP credits and the Massachusetts HDIP credits. For inquiries, please contact Sue Ellyn Idelson at (978) 793-9574 or SIdelson@ClocktowerTC.com.