Page 6 THE EVERETT ADVOCATE – Friday, July 19, 2019 Baker-Polito Administration advances production/ preservation of housing units statewide Everett’s St. Therese Condo two-phase project to be headed by The Neighborhood Developers S WAMPSCOTT – Governor Charlie Baker on Thursday announced the 2019 Affordable Rental Housing Awards. Those awards will support the preserVisit Our Newly Expanded Facility. We will beat competitors pricing! (Restrictions apply.) vation and production of 1,581 rental units, including 1,349 affordable units. This includes 273 units that will be reserved for extremely low-income households. These awards will advance 222 Central St. Saugus, MA 01906 (Next to Saugus Iron Works) 781-231-5990 2FREE ND MONTH on 10x10 units No administration fees. 200 new units available. All sizes to fi t your needs. New Customer Specials Offer valid at 222 Central Storage. Must present coupon. Cannot be combined with other offers. Expires 8/31/19. www.222centralstorage.com FREE with Rental LOCK three transit-oriented projects, five projects for seniors and two projects that will significantly rehabilitate public housing. Affordable rental housing awards have led to the production, renovation and preservation of more than 7,800 housing units, representing nearly half of all the housing units supported by the Baker-Polito Administration since 2015 though funding mechanisms, such as the MassWorks Infrastructure Awards Program and the Housing Development Incentive Program. “We are pleased to announce these Affordable Rental Housing Awards to advance the production and preservation of more than 1,500 rental housing units throughout the state,” said Governor Baker. “Our administration has already invested more than $1 billion in affordable housing, and we look forward to working with our colleagues in the Legislature to pass our Housing Choice bill to facilitate the production of more new housing units in communities across Massachusetts.” “Each housing unit advanced today will benefit entire communities, by bringing more people to downtowns, transforming long-vacant properties, and providing new customers for local businesses,” said Lieutenant GovA.B.C. 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PRODUCTS Creating Better Days * Nature’s Supplement * All Natural * CBD Infused Products * Edibles * Concentrates * Topicals S ernor Karyn Polito. “Housing is both a valuable tool and critical precursor for economic development, and these projects will provide stability to many households in need. Congratulations to all of today’s awardees.” The state Department of Housing and Community Development (DHCD) is awarding nearly $80 million in direct subsidies from seven state bond accounts and federal HOME Investment Partnerships Program (HOME) funds, and allocating $38 million in state and federal Low Income Housing Tax Credits (LIHTC) to 28 projects. The tax credit allocations will generate more than $260 million in equity to support these projects. Massachusetts is one of just 17 states to offer a state tax-credit program to complement the federal LIHTC program to support the development and rehabilitation of affordable housing. Governor Baker joined Housing and Economic Development Secretary Mike Kennealy, DHCD Undersecretary Janelle Chan and local leaders to announce the awards in Swampscott, near the site of the future Senior Residence at the Machon, which received funding. The project will redevelop a vacant elementary school into 38 affordable rental units for seniors, with eight units reserved for extremely low-income seniors. The developer, B’Nai B’rith, will also provide long-term services at the site to support residents. DHCD is supporting the project with a federal LIHTC allocation and direct subsidy funding. St. Therese Condo I is part of a new two-phase construction project in Everett. The nonprofit sponsor is The Neighborhood Developers (TND). The two-phase project consists of the redevelopment of a site as low-income housing with services for seniors. DHCD will support the project with low-income housing tax credits and subsidy funds. The City of Everett also will support the project with funds. When completed, St. Therese Condo I will feature 44 units, all of which will be affordable to seniors earning less than 60% of Area Median Income (AMI). Eight units will be further restricted for extremely low-income seniors earning less than 30% of AMI, including formerly homeless seniors. St. Therese Condo II is the second part of the new two-phase construction project in Everett. The nonprofit sponsor is TND. The two-phase project consists of the redevelopment of a site as low-income housing with services for seniors. DHCD will support the project with low-income housing tax credits and subsidy funds. The City of Everett also will provide support for the project with funds. When completed, St. Therese Condo II will feature 33 units, all of which will be affordable to seniors earning less than 60% of AMI. Six units will be further restricted for extremely low-income seniors earning less than 30% of AMI. NYRA partners with Encore Boston Harbor for 2019 meet at Saratoga Race Course Encore to present second floor of new 1863 Club, two races, and Saratoga and “Fourstardave” Challenges ARATOGA SPRINGS, N.Y. – The New York Racing Association, Inc. (NYRA) has announced a partnership with Encore Boston Harbor. The partnership includes the second floor of the all-new 1863 Club at Saratoga Race Course presented by Encore Boston Harbor. The 1863 Club is a three-story, climate-controlled building located along the Clubhouse turn featuring differentiated hospitality options and modern amenities. The second floor of the 1863 Club features a group event space which accommodates up to 100 guests. The floor is designated Legends Hall in tribute to the numerous well-known trainers and jockeys who have made a mark at Saratoga. “We’re excited to partner with Encore Boston Harbor this summer at Saratoga Race Course. The luxury resort and casino is an ideal match for our new hospitality venue,” said NYRA CEO & President Dave O’Rourke. “Wynn Resorts has a proven track record of providing the finest hotels, dining and gaming the casino inNYRA | SEE PAGE 15 Reserve your unit NOW!
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