Affordable Real Estate Development

Executive Director Phil Giffee and Real Estate Director Toby Kramer cut the ribbon at Benfield Farms in Carlisle, MA.

Executive Director Phil Giffee and Real Estate Director Toby Kramer cut the ribbon at Benfield Farms in Carlisle, MA.

 
NOAH's Real Estate team has either rehabilitated or developed 407 units within 67 buildings in East Boston, Everett, Beverly, Holliston, North Andover, Carlisle, Webster, and Middleborough. NOAH works with many different entities in each community to achieve shared housing and preservation goals with marked sensitivity to historical, ecological, and land use concerns.
 
While continuing to meet the needs of our constituents within East Boston, in 2001 NOAH expanded its mission to work with suburban cities and towns and with Massachusetts Gateway cities, in order to meet a growing community need. There are many suburban areas with a high demand for affordable housing, but which lack the development capacity to manage complex rental or ownership projects. NOAH leverages its experience and organizational capacity to assist towns with complex projects that address 10% affordability production, the 40b process, green design, open space and environmental concerns, and 40r and 40s incentives.
 
Meeting the housing needs of multiple cities and towns in the region requires the ability to pursue deals of all sizes as part of community and economic development strategies. While many developers are only capable of constructing large scale projects, NOAH’s development capacity allows it to pursue both large and small deals. NOAH also has over 28 years of experience in acquiring and rehabilitating distressed properties. This experience and ability to build at different scales is a unique quality among the many local non-profit, social benefit housing organizations.
 
Read more about our suburban initiatives here.

 

Current Projects

Coppersmith Village, East Boston: Coppersmith Village in East Boston, located at 75 Border Street, is planned as a mix of 56 market-rate and affordable apartments, 15 for-sale townhomes, and a ground floor retail/restaurant. The project will replace vacant industrial buildings and revitalize an entire city block. Work should be completed in early 2018. Please note that we are not accepting applications and that we do not have a waiting list at this time. 

 

Recent Past Projects

Shoe Shop Place, Middleborough, MA:  NOAH is partnering with The Neighborhood Corporation (TNC), a non-profit in Taunton, to redevelop a former shoe mill at 151 Peirce Street in Middleborough, MA. A certificate of occupancy was issued in June 2016. The historic rehab has resulted in 25 units of afordable family housing with a mix of 4 one-bedroom units, 18 two-bedrooms and 3 three-bedroom units. For additional leasing information, please call 781-794-1000.

 

Sitkowski School, Webster: NOAH was chosen by the Town of Webster through a competitive process to renovate the historic Sitkowski School building into 66 units of independent-living senior affordable housing, including housing the new 9,000 square foot Webster Senior/Community Center. The apartments are a mix of one and two bedrooms units. Construction started in February 2014 and was completed and fully occupied by the end of 2015.

 

Benfield Farms, Carlisle: NOAH was selected by the Carlisle Housing Authority to build an affordable 26-unit, independent living senior housing community. The project is located on 42 acres of land purchased by the Town for housing, recreation, and conservation land and trails. It was completed in February of 2014. Benfield Farms excels as a standard for green living - the building achieved both ENERGY STAR for New Homes (V3) and LEED for Homes GOLD certification. For further leasing information, please click here.

 

Cutler Heights, Holliston: Completed in June of 2011, this affordable project created 30 new rental homes for families. The State funded this development using TCAP monies. NOAH partnered with JNJUHL Associates and the Holliston Housing Development Corporation on this Town-supported building. For further leasing information, please click here.

 

Stevens Corner, North Andover: NOAH received State financing for this affordable housing rehabilitation project. An abandoned nursing home was converted into 42 affordable apartments for families and was finished in June, 2012.The project is LEED certified at the Silver level. For further leasing information, please click here.
 

Border_Falcon

Border-Falcon Condominiums, East Boston: This affordable 14-unit complex in East Boston overlooks the working harbor and boasts a rain garden, balconies and underground parking.

 

 

 

330MeridianCondos Meridian Condominiums, East Boston: Five modern affordable condominium units were created at a convenient location on Meridian Street in East Boston.