10 Newbury Street

• Union Hill is a 40-unit LIHTC property that was Placed-In-Service in 1996 and has exited its Initial Compliance Period, making it eligible to be re-syndicated with tax credits.
• Conway Gardens is a 42-unit affordable housing property located in Worcester, Massachusetts, and 40 units are supported by a Project-Based Section 8 HAP contract, making tenant rents at the Property heavily subsidized by the federal government and providing a stable stream of revenue when fully leased.
• Hope in Action is a 49-unit affordable housing community located in Lawrence, Massachusetts that was previously converted to the Rental Assistance Demonstration (RAD) program. The property is 100% supported by a Project-Based Voucher (PBV) contract with Community Teamwork Inc, which does not expire until July 2028.

Property Description

The Massachusetts Affordable Portfolio is a 3 property, 131-unit LIHTC/HAP Portfolio. They are all located within an hour of Boston. There is a significant rent markup opportunity across the assets and both counties have strong AMIs.