Boston Capital invests in affordable-housing development
Document Boston Capital has plans to investment in the construction of O’Connor Way Senior Housing, a 47-unit affordable-housing development in South Boston.
The general partners are Caritas Communities and South Boston Neighborhood Development Corp.
O’Connor Way Senior Housing will feature a five-story building offering 47 one-bedroom/one-bath units.
O’Connor Way Senior Housing will be built with tax-credit equity from the Low Income Housing Tax Credit (LIHTC) program. Boston Capital’s investment in this development adds 47 affordable homes to its apartment portfolio. To date, Boston Capital has invested in nearly 4,000 affordable apartments in Massachusetts.