Retirement home and health clinic

Jamaica Plain,
MA
(2010)

Mt. Pleasant Home

Community, Healthcare

NMTC financing for a Retirement home and health clinic

Investment

NMTC Amount: $19,561,379
Total Project Cost: $20,324,078

IMPACT

57 FTE jobs
100 construction jobs

CDEs

Capital Impact Partners, Low Income Investment Fund

Investor

US Bank

Project Description

Mt. Pleasant Home is an elder residence that serves very low-income seniors in Jamaica Plain, Massachusetts. LIIF provided a New Markets Tax Credit allocation as part of a $20.3 million transaction to support the rehabilitation and expansion of the Mt. Pleasant Home facility. The project will increase the residential units available and build commercial space and a new three-story atrium. The Brigham and Women’s Hospital will open and operate a new primary care facility in the expanded space. In addition, the project is incorporating many green building elements with a goal of achieving a LEED Silver certification. The development also received support from the State of Massachusetts Department of Housing and Community Development and the City of Boston Department of Neighborhood Development.

MAP

Address: 301 South HUNTINGTON Avenue, Jamaica Plain, MA 2130

Census Tract: 25025081100

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