On June 18th, 2018, Massachusetts Gov. Charlie Baker, Boston Mayor Martin J. Walsh and Congressman Seth Moulton joined the veteran community in Brighton to break ground on a first-in-the-nation $46 million Boston development that will bring 102 units of housing and supportive services to local veterans.
The Residences at Brighton Marine will be built on our Brighton Marine campus along Commonwealth Avenue, providing affordable housing to hundreds of veterans and their families. We co-own this development with WinnCompanies, one of the nation’s largest military housing managers; this non-profit/for-profit partnership has never done before in the veterans housing field.
Mixed-income veteran housing of this scale has not been developed in Boston since World War II; the 102 units represent one of the largest private developments ever created for veterans. The Residences at Brighton Marine represents a national model, offering permanent housing for an independent population of veterans who have a wide range of incomes.
Furthermore, the wide variety of apartment types, ranging from studios to three bedrooms, are a rarity in veteran housing while the proximity of the Residences to the MBTA and to various job centers makes it convenient for veterans who want to enter the workforce.
The Residences are being funded by MassHousing, the Massachusetts Department of Housing and Community Development, and the City of Boston’s Department of Neighborhood Development. Additionally, Bank of America is providing a $31 million construction loan and is investing more than $24-million of private tax credit equity.
Construction at our 1.44-acre site is scheduled to be completed by December 2019.