Just Build the Homes: Public Housing is Ready to Make a Comeback (SLATE)

“It’s no surprise that the debate about how to solve the housing crisis has become one of the most contentious issues in city halls, state legislatures, and on your Twitter timeline. Thanks to rising mortgage interest rates, persistently high rents, and inadequate housing availability, finding an affordable home is harder than it’s been in decades.” Read More.

Cambridge Savings Bank Supports the Redevelopment and Expansion of the Innes Apartments as Lead Bank in $93 Million Construction Loan (businesswire)

“Cambridge Savings Bank (CSB), a full service mutual bank with a customer-first approach and $6 billion in assets, today announced it is the lead bank in a $93 million construction loan to support the Innes Redevelopment Project, with the development of two new multi-purpose buildings in Chelsea, MA. The project is being led by co-developers John M. Corcoran & Company and Joseph J. Corcoran Company, in partnership with real estate private equity firm Marcus Partners. The redevelopment team will utilize the capital to replace the eight existing buildings at the Innes Apartments constructed in the 1950’s and build a 350,000square-foot mixed use community in its place.” Read More.

Public-Private Partnership Uses Innovative Financing Arrangement To Redevelop Public Housing Project in Chelsea (CoStar)

“The housing redevelopment will be the latest project to use the Commonwealth’s innovative new Housing Program under the DHCD called the “Partnership to Expand Housing Opportunities,” or PEHO, which establishes public-private partnerships between housing authorities and developers to preserve public housing through the creation of mixed-income communities.” Read More.

Guest Op-Ed: Preserving more deeply affordable units across the Commonwealth (Chelsea Record)

“So what’s the big deal? Everything - In an era where virtually all public housing is rebuilt using the Low Income Housing Tax Credit program (LIHTC), we are using the private capital markets to generate the funds to replace existing, obsolete public housing and add new housing units to the market.” Read More.

Commentary: The next governor should look into public-private housing partnerships (Dorchester Reporter)

“Joseph J. Corcoran Company and its public and private partners recently broke ground on a unique project in Chelsea, Massachusetts. At the Innes Redevelopment, 96 units of public housing built in the 1950s will be transformed into a market mixed-income community alongside 40 units of middle-income housing and 194 market rate units in a transit-oriented, Class A property.” Read More.

Innes Redevelopment Breaks Ground; Project Will Transform Neighborhood (Chelsea Record)

“This redevelopment will be the first demonstration of DHCD’s partnership to Expand Housing Opportunities (PEHO) program, which establishes public-private partnerships between housing authorities and developers to preserve public housing through the creation of mixed income communities.” Read More.

Developers, Chelsea Officials Break Ground on Big Public Housing Revamp (Banker & Tradesman)

“City officials, representatives from Cambridge Savings Bank and developers from Marcus Partners, Joseph J. Corcoran Co. and John M. Corcoran & Co. broke ground on a redevelopment of a Chelsea Public Housing Project.” Read More.

Construction Breaks Ground on 330-Unit Innes Apartments Redevelopment Project in Chelsea (BLDUP)

““Today’s groundbreaking is the culmination of years of collaboration and hard work. However, this celebration is just the beginning of new lives for our residents and future generations of people who depend on the Chelsea Housing Authority,” said Al Ewing, Executive Director of the Chelsea Housing Authority.” Read More.

Groundbreaking Held for Innes Apartments in Chelsea (High Profile)

“Like many housing developments across the Commonwealth, the Innes public housing development was constructed in the 1950s and has suffered from decades of delayed modernization. The capital resources necessary to update the public housing development far exceed the limited public funds available to bring it up to current standards.” Read More.

Innes Redevelopment Breaks Ground Preserving 96 Units of Public Housing (citybiz)

“The Chelsea Housing Authority recognized the needs of residents and families who deserve a safer, more accessible, and updated home and partnered with private developers to realize the future of the Innes Community.” Read More.

Residences at East Milton approved (Milton Times)

"The Board of Appeals on April 21 approved the comprehensive permit that clears the way for the construction of the 92-unit Residences at East Milton development in the heart of the town’s main commercial district.” Read More.

Bunker Hill Housing Redevelopment Project to Receive $3.5 MassWorks Grant (Charlestown Patriot Bridge)

““MassWorks is the largest and most flexible, and therefore probably the most powerful, tool in the economic development toolbox,” he said. The grants fund infrastructure projects such as streets, lighting, and utilities, Kennealy said.” Read More.

Charlestown’s Bunker Hill Housing Redevelopment project receives approvals (Boston Agent Magazine)

“Once complete, the 26-acre project will bring renewed affordable housing to more than 2,500 current residents and offer new market-rate housing as well.” Read More.

Column/ Champion: Quality housing in East Milton Square is needed and will aid business (Originally posted in the Patriot Ledger)

“Housing is a necessity. Living up to our responsibilities means we look for ways to adhere to rules requiring that a certain percentage of our housing meets the state’s 10 percent affordable housing guidelines.” Read More.

East Milton project heads to appeals board (Milton Times)

“The 101-unit Residences at East Milton apartments recently received key preliminary state approval that clears the way for the developers - the Joseph J. Corcoran Company and the Falconi Companies - to file for 40B approval from the town.” Read More.