News: Financial Digest
Posted: August 7, 2008
MassHousing commits to $32.5 million loan for Avalon Blue Hills
Avalon Blue Hills, a 276-unit rental development planned in Randolph, received a $32.5 million loan commitment from MassHousing at the June meeting of the agency's board of directors. Sixty-nine of the units (25%) will be maintained as affordable households earning no more than 80% of the area median income.
The development will consist of 122 one-bedroom units and 154 two-bedroom units housed in nine wood-frame buildings surrounded by gardens and a number of amenities on a site located on Canton St.
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