Page 4 THE EVERETT ADVOCATE – FRIDAY, MAY 28, 2021 MassDevelopment awards $9.1M bond for housing at St. Therese site Lawrence A. Simeone Jr. Attorney-at-Law ~ Since 1989 ~ * Corporate Litigation * Criminal/Civil * MCAD * Zoning/Land Court * Wetlands Litigation * Workmen’s Compensation * Landlord/Tenant Litigation * Real Estate Law * Construction Litigation * Tax Lein * Personal Injury * Bankruptcy * Wrongful Death * Zoning/Permitting Litigation 300 Broadway, Suite 1, Revere * 781-286-1560 Lsimeonejr@simeonelaw.net ANGELO’S FULL SERVICE Regular Unleaded $2.699 Mid Unleaded $2.879 Super $3.019 Diesel Fuel $2.819 "42 Years of Excellence!" 1978-2020 KERO $4.65 DEF $3.49 9 Diesel $2.349 9 HEATING OIL 24-Hour Burner Service Call for Current Price! (125—gallon minimum) DEF Available by Pump! Open an account and order online at: www.angelosoil.com (781) 231-3500 (781) 231-3003 367 LINCOLN AVE • SAUGUS • OPEN 7 DAYS The Advocate gets RESULTS! Aluminum Everett 10 Everett Ave., Everett 617-389-3839 Owned & operated by the Conti family since 1958 • 62 Years! “Same name, phone number & address for over half a century. We must be doing something right!” Owned & operated by the Conti family since 1958 • 57 Years! family since 1958 • 60 •Vinyl Siding •Carpentry Work •Decks •Vinyl Siding •Vinyl Siding •Free Estimates •Fully Licensed •Roofng •Free Estimates •Carpentry Work •Fully Licensed •Decks •Fully Licensed n •Roo ng g • Fully Insured • Fully Insured • Replacement Windows www.everettaluminum.com Now’s the time to schedule those home improvement projects you’ve been dreaming about all winter! Everett Aluminum M assDevelopment has issued a $9.1 million tax-exempt bond on behalf of St. Therese LLC, an affiliate of The Neighborhood Developers, Inc. (TND), which is using bond proceeds to buy, clear and prepare a site located at the intersection of Broadway and Gledhill Avenue in Everett on which it will build a 33-unit affordable rental housing facility for seniors. Located at the site of the former St. Therese Parish, the proposed facility, which is also named St. Therese, will include 30 one-bedroom units and three two-bedroom units; 19 units will be rented to households earning no more than 60 percent of the area median income, and 14 units will be rented to households earning no more than 30 percent of the area median income. St. Therese Parish closed its doors in 2004 and the property was cleared in late 2020. Boston Private Bank purchased the bond. “Preserving and expanding affordable housing in Massachusetts is one of the Baker-Polito Administration’s top economic priorities,” said Housing and Economic Development Secretary Michael Kennealy, who serves as chair of MassDevelopment’s Board of Directors. “For our aging population in particular, access to stable housing is essential to ensuring residents’ health and well-being. We are pleased to see MassDevelopment’s tax-exempt financing, coupled with Department of Housing and Community Development tax credits and subsidy funds, bring St. Therese over the finish line.” “At a time when the need for new housing production is critical, MassDevelopment is proud to help The Neighborhood Developers build 33 new affordable homes for seniors in Everett,” said MassDevelopment President/CEO Daniel Rivera. “St. Therese will be a welcome addition to Greater Boston’s housing stock by offering an affordable, safe, and vibrant community for many seniors to call home.” St. Therese will include a community room, fitness room, common laundry, central air-conditioning and 58 surface parking spaces. The facility will be part of a larger mixed-use project that will include an additional 44 affordable rental units, six three-bedroom homeownSITE | SEE PAGE 17 Spring! Prices subject to change Spring is around the Corner! FLEET
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