Coppersmith Villiage in East Boston: The Vision

Many thanks to everyone who has supported NOAH's Coppersmith Village project in East Boston! We had an exciting kick-off announcment event with over 100 attendees on July 22, with guest speakers Mayor Marty Walsh, Councilor Sal LaMattina, Senator Petrucelli, Robert Schmidt and more.  This Eastie renaissance project will be developed on a 1.3 acre parcel of land with near-waterfront views at the old Architectural Iron Works site near the water’s edge fronting on Border, Decatur, and Liverpool Streets.  The location provides a strong basis for a spunky new urban neighborhood in the Maverick/Central Square triangle in East Boston. This transit oriented development is close to the new $35M Maverick subway station and the new East Boston Health Center in Maverick Square.  NOAH‘s vision is to create a modest ownership and rental mix that meshes well with the existing urban fabric and accommodates a diverse range of neighborhood needs.  We want to bring light and greater safety to a very bleak street that will be transformed with the new development planned for the area.  Also planned are a pocket park and a bicycle parking area.

The proposed project is comprised of 56 rental apartments along Border Street with 3,000 square feet of ground floor retail space planned for an outdoor cafe and restaurant. On the Liverpool Street frontage there will be 15 townhomes for sale using a three story format that ties into the typical triple decker of East Boston.  The housing at Coppersmith Village will be a mix of affordable and market rate units, both rental and ownership: of the 56 apartments, 34 will be available to households at 60% AMI and below (with 8 at 30% AMI). Out of the 15 townhomes, three will be sold to households at 80% AMI or below; of the rentals, the remaining 22 units will be market rate; of the townhomes, 12 homes will be market rate.

Please check out the BNN covereage of the event at http://vimeo.com/101446202.

 

 

 

CITC: Community Investment Tax Credits!

NOAH is looking for donors who'd like to double the impact of their funding dollars! We are one of the Massachusetts CDC's (Community Development Corporations) who have recieved Community Investment Tax Credits for both 2014 and 2015.

WHO?  Anyone in the state - individuals or corporations, including not-for-profits and non-profits - can donate over $1,000 to NOAH and speak to us about receiving a 50% tax credit to use on that year's tax return. Even if donors do not have any tax liability, they can utilize this program and receive a rebate of the credit. Banks can utilize the CITC's for CRA donations.

WHEN?  Anytime now! The CITC program has already begun. You can check out the newly promulagated CITC regulations at http://www.mass.gov/dor/businesses/help-and-resources/legal-library/regulations/62-00-income-tax/830-cmr-62-6m-1.html.

HOW DOES IT WORK?  It's easy! Speak to us about making a cash donation of over $1,000 (but less than $110,000 in 2014 and less than $150,000 in 2015) for a 50% state tax credit. Please click here to send us an email for more information. Please click here to see more about CITC's in our brochure. 

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