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Jamaica Plain, MA (2010)

Retirement home and health clinic

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

Investor

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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