Historic South End Apartments
Partners: The Community Builders, Davis Square Architects, CWC Builders
CWC Builders President Bruce Polishook, left, and Davis Square Architects Principal Clifford J. Boehmer outside the Historic South End Apartments
The Community Builders used $33 million in MassHousing financing to improve and preserve the affordability of the 146 units at the Historic South End Apartments, which combines three existing properties into one scattered-site development. Two—the 83-unit Dartmouth Apartments and 31-unit Project III—were owned by TCB, who acquired the 32-unit Ebenezer Homes as part of the transaction. Affordability will remain in place for all 146 units for an additional 20 years.
"The Community Builders has been part of Boston's South End for nearly 50 years. We are pleased to partner with MassHousing on our newest investment in the neighborhood," said TCB President and CEO Bart Mitchell. "Residents of the Historic South End Apartments will enjoy continued affordability, along with new systems to make their homes safer and more comfortable."
TCB and general contractor CWC Builders will implement building envelope improvements; some roof replacement; upgrades to HVAC, plumbing, electrical, fire alarm and sprinkler systems; improvements to kitchens, bathrooms and common areas; and energy efficiency upgrades such as insulated windows, high efficiency boilers and heating equipment, water conserving fixtures and increased insulation.
A national developer based in Boston, TCB has fast become one of MassHousing’s strongest multifamily partners. Since FY 2009, MassHousing and TCB have closed $198.3 million in financing at eight developments with 1,126 units. MassHousing and TCB are already working on another ‘historic’ property, which will convert an abandoned factory in downtown Worcester into 94 affordable apartments.