The Residences at Chestnut
American Community Capital has provided a $2.9 million predevelopment loan to support Lincoln Avenue Capital on The Residences at Chestnut, an affordable housing project in Manchester, New Hampshire. Lincoln Avenue Capital is an experienced affordable housing developer, which owns and operates 81 properties consisting of 16,085 rental homes across 18 states.
Woodyard Station
The construction of Woodyard Station Apartments and Woodyard Station Senior Apartments, in Clinton, Maryland, brings 46 new affordable rental homes for low-income families and 112 affordable rental homes for low-income seniors to the community. These two adjacent properties were developed by a joint venture between Pax-Edwards and Osprey Property Companies, two Maryland-based, experienced affordable housing developers and longstanding partners of Boston Financial.
Waterford Apartments
American Community Capital provided a $1.1 million predevelopment loan to support Conifer Realty on Waterford Apartments, a multi-phase affordable housing project in Camden, New Jersey. Conifer Realty is an experienced affordable housing developer, founded in 1975, which currently owns and manages over 15,000 multifamily apartment homes in 210 communities across New York, New Jersey, Pennsylvania, and Maryland.
Bridging The Gaps in Affordable Housing
The construction of Woodyard Station Apartments and Woodyard Station Senior Apartments in Clinton, Maryland, brings 46 new affordable rental homes for low-income families and 112 affordable rental homes for low-income seniors to the community. These two adjacent properties were developed by a joint venture between Pax-Edwards and Osprey Property Companies, two Maryland-based, experienced affordable housing developers and longstanding partners of Boston Financial.