Multifamily
Development Profiles
Workforce Housing
The Watson
Quincy
January 15, 2020

MassHousing provided $37.2 million to WinnCompanies and NeighborWorks Housing Solutions for The Watson, a new 140-unit mixed income rental property built near the old Fore River shipyard in Quincy on the south shore.

The Watson has 86 workforce units (the most of any MassHousing-financed property to date) for moderate income residents earning up to 110% of the area median income (AMI). Twenty-eight units are for residents with incomes below 50% of AMI and 26 units are rented at market rates.

The Watson received The Urban Land Institute's Jack Kemp Excellence in Affordable and Workforce Housing Award, which recognizes exemplary developments that demonstrate creativity in expanding housing opportunities for America’s working families.

Transaction Facts

Developer: WinnCompanies and Neighborworks Housing Solutions

Management Company: WinnResidential

Total Loan Amount: $37.2 Million