The Hebrew Senior Life Organization would like to expand their Simon Fireman Community here in Randolph. This project provides for a 45-unit wing addition that will provide long-term, deed-restricted, service enriched, affordable housing to income eligible senior residents; many from Randolph. This funding is only a portion of the funds needed to build the unit (total cost is $18,885,703) with the majority of funding coming from grants and loans from the federal and state government. A deed restriction will be put into place.
Project complete
09-14-2020
Project Category
Project Details
Housing Units
45
0
45
Acres
0
0
0
0
0
0
CPA Funding
$0
$125,000
$0
$0
$0
$125,000
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$18,885,703
$4 million in a permanent amortizing mortgage; $2.9 million in soft financing from DHCD; $11.4 million in private low-income housing tax credit investors;
Total Project Cost
$19,010,703
$18,885,703
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