NFF is proud to support The Harvard Standish project in Boston’s Codman Square neighborhood of Dorchester by partnering with mission-driven lender, The Property Casualty Initiative (PCI) jointly providing a $5.8 million construction loan to the developers TLee Development and CoEverything. This exciting new homeownership initiative will create two buildings with 22 affordable housing units designed for local families earning between 80% and 100% of the area’s median income. The development reserves 1,200 square feet of commercial space for a locally owned business to boost community prosperity.
The Net Zero Energy buildings will have 75% solar coverage and feature super insulation, high-performance windows, and energy recovery ventilation to ensure optimal thermal efficiency, designed to endure Boston’s winters.
The Harvard Standish project is part of the Welcome Home, Boston initiative – a multi-phase city program dedicated to expanding affordable homeownership opportunities for LMI residents.