Renovations for senior housing


An apartment building that provides affordable housing for 25 seniors and a home for a preschool will get much-needed renovations through a $3.2 million tax-exempt bond issued by the Massachusetts Development Finance Agency. The proceeds will pay for exterior masonry repairs, basement waterproofing, and replacement of windows, kitchen cabinets, flooring, and interior walls in the 78-year-old St. Joseph Hall apartments on Rosary Drive , officials said in a statement. MassDevelopment also helped obtain federal low-income housing tax credits, which provided about $1.4 million in equity for the project, officials said. The Watertown-based nonprofit Metro West Collaborative Development is the project’s sponsor, officials said. The St. Joseph Hall units are set aside for seniors earning up to 60 percent of the area’s median income; the renovations will help ensure the units remain affordable, officials said.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com