Sixty housing units deemed affordable will be build at the Boston Specialty and Rehabilitation Hospital site along River Street.
MassDevelopment issued a $14.8 million tax-exempt bond on behalf of the developer, Trinity Mattapan Heights Five Limited Partnership.
The new units, which are part of the Mattapan Heights project, will be rented to households earning up to 60 percent of area median income, according to a release from MassDevelopment, the state's finance and development agency.
“Creating affordable housing is a public-policy imperative and an important part of MassDevelopment’s mission,” Marty Jones, MassDevelopment president and CEO, said in a statement.
The bond was purchased by TD Bank and the project’s sponsor, Trinity Financial, has already developed and leased three other facilities on the 52-acre campus, including the Foley Senior Residences and Mattapan Heights II an 83-unit affordable housing structure that was completed in 2005.
“We are excited to continue our collaboration with the Boston Public Health Commission and the Mattapan Community Advisory Board in redeveloping the historic Mattapan Heights Campus,” Eva Erlich, Trinity’s project manager said in a statement.
“Partnerships with organizations such as MassDevelopment make these types of projects possible and we are grateful to have the opportunity to work with MassDevelopment in providing 60 new units of affordable housing in the Mattapan community,” it added.
The new 74,000-square-foot building will be made up of 16 one-bedroom and 44 two-bedroom units. The project will also add 60 parking spaces to the site.