BOSTON – February 19, 2026 – MassHousing has closed on $50 million in financing for the first phase of the redevelopment of the Campello Apartments public housing campus in Brockton by the Brockton Housing Authority and Cambridge Housing Authority.
Phase 1 involves the construction of a seven-story, 144-unit building, commencing the three-phase redevelopment of the distressed public housing community originally built in 1972. The redevelopment plan involves the demolition of a single-story building and two existing Campello high-rise buildings, which currently include 398 public housing units. The demolished buildings will be replaced with three newly constructed buildings containing 398 replacement units and two new units.
"MassHousing is excited for the residents of Campello Apartments who will leave their older, distressed public housing apartments for brand new, energy efficient units with deep affordability," said MassHousing CEO Chrystal Kornegay.
Timothy Sullivan, Chairman of the Brockton Housing Authority Board, expressed gratitude to all the partners who have made this project possible and elation on behalf of the residents who have waited patiently, often living in difficult circumstances, for this project to become a reality.
"For many years, the Cambridge Housing Authority worked alongside the Brockton Housing Authority to envision a safe and vibrant future for the Campello community. Serving as co developer on this effort underscores our shared commitment to preserving deeply affordable housing and ensuring that public housing authorities have the resources and capacity to continue owning and managing their properties for the long term," said Cambridge Housing Authority Executive Director Michael Johnston. "The redevelopment of Campello represents not just new, high quality homes, but a model for how housing authorities can lead transformative redevelopment while keeping communities stable and public."
MassHousing is providing $28.2 million in permanent financing, $20.7 million in tax credit bridge financing, and $1 million in Capital Magnet Fund financing. Phase 1 financing also includes $2.2 million from the Affordable Housing Trust Fund, which MassHousing manages on behalf of the Massachusetts Executive Office of Housing and Livable Communities (EOHLC), $7.4 million in direct support from EOHLC, $43.9 million in federal and state Low Income Housing Tax Credits allocated by EOHLC, $10.8 million in Brockton Housing Authority loan financing, and $1 million in Brockton HOME funds. The tax credit syndicator is The Richman Group and the construction lender is Santander Bank.
The Phase 1 building will have 143 one-bedroom units and one two-bedroom unit, including seven accessible units. All 144 units will be subsidized with project-based Section 8 vouchers with 36 units restricted to households earning up to 30 percent of their Area Median Income (AMI), 36 units restricted for households earning up to 50 percent of AMI, and 72 units restricted for households earning up to 60 percent of AMI.
The building will also offer common campus facilities, a main lounge at the ground floor, and laundry, fitness, and social spaces on the upper floors. There will be resident parking with EV charging stations, and the project aims for a low carbon footprint through the implementation of all electric heating and cooling systems, an airtight building envelope consisting of high-performance windows and robust insulated assemblies, water conservation through the use of low-flow fixtures and efficient plumbing design, and solar ready roofs.
Indoor air quality will be delivered through a centralized balanced energy recovery ventilation system. Resident appliances will be Energy Star labeled, and all lighting will be LED. The building has been designed to comply with the Enterprise Green Communities certification program.
The Main Street campus is within blocks of grocery stores, restaurants, and other retail outlets, and is 0.3 miles from the MBTA Campello commuter rail station.
The general contractor is Shawmut Construction, the architect is BWA Architecture and the management agent is the Brockton Housing Authority.
About MassHousing
MassHousing (The Massachusetts Housing Finance Agency) is an independent, financially self-sustaining agency created in 1966 to confront the Commonwealth's housing challenges. The Agency provides financing to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve rental housing. MassHousing uses housing finance to strengthen communities, to help people build economic prosperity, and to expand homeownership. Since its inception, MassHousing has provided more than $30 billion to support homeownership and rental housing opportunities across Massachusetts. For more information, visit www.masshousing.com.
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