News: Owners Developers & Managers

TND and EBNHC provide affordable housing and healthcare with new development

Shown (from left) are: senator Sal DiDomenico; Everett mayor Carlo DeMaria; St. Therese resident Debra Strong; Massachusetts state representative Judith Garcia, 11th Suffolk District; Joan Straussman, NeighborWorks America. Back left: Rafael Mares, TND executive director. Back right: Greg Wilmot, EBNHC president and CEO.

Everett, MA In a partnership, The Neighborhood Developers (TND), a leading affordable housing and community development organization, and East Boston Neighborhood Health Center (EBNHC), Massachusetts’ largest community-based primary care health system, unveiled the new St. Therese development on Broadway. Pairing quality, affordable home ownership and rental opportunities with easy on-site access to healthcare and wellness services for older adults, St. Therese brings a combination of affordable housing and healthcare resources to Everett seniors and their families.

Shown (from left) are: Ernani DeAraujo, EBNHC chief legal officer; Greg Wilmot, EBNHC president and CEO; Massachusetts state representative Joseph McGonagle, Jr., 28th Middlesex District; Everett mayor Carlo DeMaria; senator Sal DiDomenico. Front (from left): Rita Sorrento, chair of EBNHC’s board of directors.

“St. Therese is a triple impact project,” said Rafael Mares, executive director of The Neighborhood Developers. “By providing senior housing, affordable homeownership, and healthcare to the Everett community, our trailblazing partnership with East Boston Neighborhood Health Center has the unique opportunity to increase the health, wealth and wellbeing of the neighborhood and its residents.”

TND’s first development in Everett, St. Therese includes 77 affordable rental apartments all occupied by seniors aged 62 and older, and six three-bedroom townhomes for sale at below market prices. Fully occupied, the rental apartments include 30 units, available at up to 30% area median income (AMI), and 47 units for individuals with up to 60% AMI. Three of the town homes are available to households with up to 80% AMI and three for households with up to 120% AMI.

“The creation of affordable housing units and increasing accessibility to quality health care are critical for us to ensure that Everett families can remain here in our community in the future,” said Everett mayor Carlo DeMaria. “I would like to thank everyone involved in the St. Therese project who shared in our commitment to helping our residents who are in need of affordable housing by making this project a reality.”

“We believe that communities are stronger and healthier when older adults are able to age in place and live safely at home,” said Greg Wilmot, president and CEO of East Boston Neighborhood Health Center. “The Neighborhood Developers, and the many other partners who supported this project, shared a vision of integrating high-quality healthcare services with affordable senior housing to keep Everett’s aging population healthy and thriving. We are proud of this beautiful space that will allow grandparents, aunts, uncles, and other relatives to continue to be our neighbors in the Everett community.”

Unveiled to the public on June 22, Massachusetts civic leaders in housing and healthcare convened alongside St. Therese residents and local community members to celebrate the new development.

The Neighborhood Developers executive director
Rafael Mares and the Bald Hill Builder team

“This development will drastically improve lives and serve as a blueprint for expanding access to affordable housing and healthcare throughout our state,” said state senator Sal DiDomenico. “These two community organizations are solving intersecting crises with this innovative project and now older adults across Everett will get the healthcare, housing, and services they deserve to live a life with dignity and joy. I am proud to support the work of The Neighborhood Developers and I am thrilled they are creating housing opportunities in our city.”

“This innovative project addresses the multi-pronged nature of community wellbeing,” said Massachusetts state representative Judith Garcia, 11th Suffolk District. “Our neighbors at St. Therese will be able to stay in the city that they know and love, and they’ll have access to the services that they deserve. People need a safe place to live and good healthcare, and The Neighborhood Developers and East Boston Neighborhood Health Center are making sure they have them both.”

“I am quite thrilled with this project, as it provides a critical housing need for one of our most vulnerable populations using existing infrastructure and maintaining Everett integrity,” said Massachusetts state representative Joseph McGonagle, Jr., 28th Middlesex District. “I’m excited for the seniors who get to live here but also recognize there is still much work to be done for those still waiting. I’m grateful to the groups who helped this project be turned into a reality, especially the Neighborhood Developers, Mystic Valley Elder Services and the City of Everett.”

“The Neighborhood Developers have created truly affordable housing opportunities for Everett senior residents. Through the partnership with East Boston Neighborhood Health Center, they’ve created a community for our most vulnerable residents that reaches beyond the physical building,” said City Councilor Ward 3 Darren Costa. “I am hopeful that this is just the beginning of a collaborative relationship that will help Everett residents continue to call our city home. Rafael and the team at TND have proven thoughtful and transparent partners in offering affordable housing solutions for Everett.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary