Ever since its construction in 1971, Pequot Highlands has been an important source of affordable housing for the community of Salem, MA. As a flagship property of the prior owner it boasted amenities including playgrounds, gazebos, a basketball court, a computer center, and views of both the ocean and the Boston skyline, but in recent
Leisure Tower is a 180-unit elderly housing complex located just north of Boston in the coastal community of Lynn, Massachusetts. In 1999 it was financed with Massachusetts Housing Finance Agency's Tax Exempt financing, leveraging Low Income Housing Tax Credits and additional debt by decoupling the existing 236 IRP. This was Silver Street Development Corporation's first
Located in Dorchester, Massachusetts, Adams Templeton is a scattered site elderly property boasting modernized 76-units. The property underwent an interior and exterior rehab upon acquisition in 2001 that focus on aesthetic and energy-saving upgrades. The affordability of this expiring-use subsidized property has been preserved for an additional 40 years through tax exempt financing from Massachusetts
Located on the highest point above sea level in downtown Boston, Parker Hill was a 90-unit family housing project in desperate need of rehabilitation. Despite its location in an area where rents are rapidly increasing, Silver Street Development has committed to offer 30 years of affordable housing to people earning 60% of the local median
Louis Barett Residences, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston, was acquired by Silver Street in 2015. Built in 1973 and financed by MassHousing under the HUD Section 236 program, Louis Barett Residences was subsequently renovated in 1991 via a 4% LIHTC transaction. The property
Acquired in 2015, Power Town Apartments is a beautiful and designated-historic property located in quaint Turners Falls, MA. Consisting of 82 Section-8 units, Power Town, among other features, boasts a complex and architecturally significant porch structure that has been designated as historic by the local municipality.