MassDevelopment reports it's issued a $21.8-million tax-exempt bond to help finance B'nai B'rith Housing of New England's 63-unit apartment building for people over 55 at 1201 River St. in Hyde Park, where Dempsey's used to be.

All of the apartments in the project, already several months into site clearance and construction, will be rented as affordable, with units reserved for people making between 30% and 60% of the Boston-area median income.

After Dempsey's closed in 2015, two private developers initially proposed a 48-unit condo building on the site, which stretches back along Central Avenue across from the Muni building.

Once completed, it will be the second new apartment building for seniors in the Logan Square area - a short walk from the LGBTQ-friendly Pryde in the former William Barton Rogers School.

1201 River St., filings.

Read more:
State helps out with all-affordable apartment building for seniors now under construction in Hyde Park - Universal Hub

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May 27, 2024 at 2:37 am by Mr HomeBuilder
Category: Apartment Building Construction
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