Boston Capital Invests in Affordable Multifamily Community In Lunenburg

LUNENBURG, MASS. — Boston Capital has invested in the construction of Tri-Town Landing Phase III, totaling 32 apartment units in Lunenburg. The developer is Manchester, N.H.-based Great Bridge Properties LLC. The development will be built with tax credit equity from the Low Income Housing Tax Credit program. Apartment homes will be available to families and individuals earning 60 percent or less of the area median income, including eight families whose incomes are at or below 30 percent. The project is part of a master-planned 9.2-acre development, which includes the 66-unit Tri-Town Landing Phase I and the 33-unit Tri-Town Landing Phase II. All three tax-credit properties will operate as one development upon completion of the third phase. The third phase will feature five one-bedroom units, 23-two bedroom units and four three-bedroom units in one three-story building. Units will feature central air conditioning, balconies and ENERGY STAR appliances. The community will feature a common laundry room on each floor, a fitness center, a community room with kitchenette and a playground.