#Clippership apartments upgrade

The redevelopment project will improve public access to the waterfront from the surrounding Maverick Square neighborhood. The apartment building will include ground-floor retail space, community space and a bicycle storage room.Īs part of the redevelopment plan, WinnCompanies will also construct a 30-unit mixed-income homeownership building, the Clippership Condominiums, on-site. WinnCompanies will demolish four former Heritage Apartments buildings, which contain 20 units of family public housing, and construct 22 units of replacement affordable rental housing in the Clippership Apartments. The Clippership projects involve the redevelopment of a portion of the Boston Housing Authority (BHA)’s Heritage Apartments public housing community. 'This project preserves the Clippership property and offers permanent affordable housing for 22-low income families in East Boston.'

#Clippership apartments upgrade

'One of our top priorities is to upgrade our city’s stock of affordable housing,' Boston Housing Authority Administrator Bill McGonagle said. 'Support from MassHousing and the Boston Housing Authority was critical to making this project possible, enabling a true mixed-income development in a very desirable location.' 'This is an important opportunity to protect and diversify housing options in the City of Boston,' said WinnCompanies CEO Gilbert Winn. 'This highly impactful redevelopment will expand affordable housing choices, and create new affordable homeownership opportunities, in a neighborhood that is experiencing rapid change.' 'MassHousing is pleased to partner with WinnCompanies and the City of Boston, to transform outdated public housing into a new, modern, mixed-income housing community,' said MassHousing Executive Director Chrystal Kornegay. The Clippership Apartments and Clippership Condominiums will create new homes for households across a broad range of incomes, including 14 new workforce homeownership units in the condominium development.

BOSTON – J– MassHousing has closed on a total of $11.2 million in affordable housing financing to WinnCompanies for the development of 22 new rental housing units and 30 new condominiums on the East Boston Waterfront.