Brookline Housing Authority (BHA) has borrowed $ 25 million for affordability extension for low-income senior residents and improvements to Morse Apartments, a 99-unit community in Brookline, Massachusetts. MassHousing provided the short and long term funding through the agency. Conduit loan program.
The proceeds will be used both for construction and for permanent loans in partnership with Boston Private Bank & Trust. The renovations are expected to be completed by summer 2022. Colantonio Inc. will act as the general contractor, while BWA Architects will be the architect.
Located at 90 Longwood Ave., the 10-story building was constructed in 1973 and offers convenient access to Coolidge Corner, Beacon and Harvard streets, as well as the Stop & Shop, Trader Joe’s and various restaurants. Using funds from the $ 18 million set aside for renovations, the borrower will make improvements to the unit with new kitchens and bathrooms, new windows, plumbing and common area improvements, protection against fire and HVAC upgrades.
Currently operated as federal public housing, BHA plans to convert the property to Federal Section 8 based on the project. Subsidized housing, and 98 of the 99 units will be reserved for residents with incomes equal to or less than 60% of the regional median income.