MassHousing Closes on $17.6 Million in Financing for a 61-Unit Building in Cambridge
MassHousing | July 11, 2018
MassHousing has closed on $17.6 million in financing to Just-A-Start Corporation for the renovation and preservation of affordability at the Close Building in Cambridge. The MassHousing financing will allow Just-A-Start to preserve affordability at all 61 apartments at the Close Building for at least 30 years. Affordability restrictions at the property had expired in 2016, and Just-A-Start’s decision to pursue a preservation transaction will keep the Close Building affordable for the long term.