25 Sixth Street
About the project
Since 1978, the Neighborhood Developers, Inc. (TND) has taken a three-pronged approach to community development, helping community members to secure a stable home, achieve economic mobility, and determine their own future. Through its resident-led framework, TND centers voices in the community to inform their advocacy.
TND is headquartered in Massachusetts, with a focus on the communities of Chelsea, Revere, and Everett.
LISC is providing $100,000 in financing to fund the new construction of 62 units in a 5-story building at 25 Sixth Street in Chelsea, MA. The project will consist of two primary components: 56 rental units and 6 homeownership units. The new construction will redevelop a dilapidated vacant building to meet a growing need for affordable housing production in Chelsea.
Partner:
The Neighborhood Developers, Inc.
Location:
Chelsea, MA
Total Investment:
$100,000
Results:
62 units
Project Category:
Affordable Housing
Product:
Predevelopment loan
Website:
theneighborhood
developers.org
UN SDGs: