Silver Street Development Corporation is proud to announce its recent acquisition of the 171-unit Sebastian Villa of NJ to its subsidized housing portfolio. Through careful deal structuring, accomplished in partnership with the NJHMFA, Silver Street has been able to both add 84 units of subsidized housing to the property and to embark on a series
Silver Street Development is proud to announce the recent acquisition of Charlotte Harbortown Homes, a 553-unit multifamily housing development located in Rochester, NY. This acquisition marks Silver Street’s third of 2015 and the largest single asset purchase in terms of unit count in the company’s history. Built in 1974, Charlotte Harbortown Homes is a former
Silver Street is excited to announce the closing of its latest LIHTC transaction, Louis Barett Residence, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston. The 4% LIHTC transaction’s total development cost exceeds $28.5 million and was financed by approximately $17 million in mortgage financing from MassHousing
Massachusetts Housing Finance Agency One Beacon Street, Boston MA 02108 TEL 617.854.1000 | VP 866.758.1435 | FAX 617.854.1091 | www.masshousing.com Media Contacts Eric Gedstad: 617.854.1079 | egedstad@masshousing.com Tom Farmer: 617.854.1843 | tfarmer@masshousing.com Residents of Power Town Apartments in Montague to see Property Improvements and Extension of Affordability as a result of $6.9 Million in MassHousing
Silver Street Development is proud to announce the acquisition of Power Town Apartments, is 82-unit Section 8 property located within the Turners Falls Historic District in the Town of Montague, MA. The property is comprised of 10 residential buildings and all of the buildings were originally constructed in the late 1800s to early 1900s. The
Silver Street Development is proud to remain among the countries elite Affordable Housing Owners. Click here to see who else made the list.
Silver Street Development is proud to announce the recent acquisition of Louis Barett Residences, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston. The property was acquired via a cash purchase of the General Partner and Limited Partner interest utilizing acquisition financing from The Community Development Trust.
In congruence with Silver Street Development's plan for growth, we are proud to announce the opening of our new office in Washington, D.C. Located at 1250 24th Street NW, our new location will allow key members of our team rapid access to all potential acquisition sites, development opportunities and financing and development partners. Being in
BOSTON – June 19, 2014 – Affordability for low-income senior citizens living at the 181-unit Leisure Tower in Lynn will be preserved and property improvements will be made for the residents with the closing of an $18.1 million MassHousing loan. As a condition of the loan, Silver Street Development Corp., the property owner, will seek
Silver Street holds onto the 19th spot of top owners. We are proud to be a part of this elite group that continue to increase the number of quality, affordable housing units in the country. Click HERE to see the list.