Somerville Affordable Housing Redevelopment Breaks Ground  – Robert Khodadadian

The first phase of Clarendon Hill Apartments in Somerville, Massachusetts has broken ground. The redevelopment project is a collaboration between Preservation of Affordable Housing, Somerville Community Corporation, Somerville Housing Authority, and other partners.  

“The work that begins today is a transformative project that will create a vibrant, mixed-income neighborhood that fosters diversity, opportunity, and a sense of belonging,” said Somerville mayor Katjana Ballantyne.  

Phase One involves the construction of a 168-unit development that will replace the existing 216 affordable public housing units. Once completed, the redevelopment will provide a total of 591 mixed-income housing units. The project aims to improve amenities, provide green spaces and community facilities. It will also feature enhanced infrastructure meeting LEED Platinum standards for sustainability.  

The funding for the project includes support from the Partnership to Expand Housing Opportunities program, Low-Income Housing Tax Credits, Bank of America, the City of Somerville, POAH financing, and funds from MassHousing.  

The post Somerville Affordable Housing Redevelopment Breaks Ground  appeared first on Connect CRE.

The first phase of Clarendon Hill Apartments in Somerville, Massachusetts has broken ground. The redevelopment project is a collaboration between Preservation of Affordable Housing, Somerville Community Corporation, Somerville Housing Authority, and other partners.   “The work that begins today is a transformative project that will create a vibrant, mixed-income neighborhood that fosters diversity, opportunity, and …
The post Somerville Affordable Housing Redevelopment Breaks Ground  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate