Feature Debt

CDT: A National Resource

INVESTMENTS

Amy Lowell House
Boston, Massachusetts

Investment Description

One of the few mixed-income properties in Boston’s desirable West End neighborhood, this 151-unit high-rise was acquired and significantly rehabilitated with LIHTC equity in 2002. At the time of acquisition, tenants of 126 units benefited from housing vouchers.

Transaction Highlights

CDT shares a general partnership interest in Amy Lowell House with HallKeen Management. Purchased in 2004, the property has a first mortgage from MassHousing that is still in place. With this acquisition, CDT helped to preserve the affordability of 80% of the units for families earning less than 60% of area median income.