Business

MassHousing closes financing for affordable rental housing in Tyngsborough

MassHousing, the state’s affordable housing bank, said that it has closed on $5.8 million in financing for 72 affordable rental units at the Maple Ridge Apartments in Tyngsborough.

Dakota Partners Inc. of Waltham developed Maple Ridge on the site of a vacant lot bordered by Longfellow Lane and Melville Drive. The two-bedroom apartments are contained in three garden style three-story buildings, which have been completed and occupied.

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MassHousing said it will also provide financing for an additional 24 apartments at Maple Ridge.

The project also includes 124 single-family homes that have been built and sold but do not involve MassHousing financing.

The project’s architect was LaFreniere Architects of Cambridge, and the management agent is WinnResidential of Boston, MassHousing said.

Chris Reidy can be reached at reidy@globe.com.
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