MassHousing

Built World

Reviewed project financing application

A 237-unit apartment complex is set to break ground in Concord, the wealthy Boston suburb that has kept its zoning almost entirely single-family. Santander Bank issued a $60.7 million construction loan this month for the project at the Thoreau Club property, clearing the final financing hurdle after four years of approvals.

Updated 6 days ago

Money Moves

Administers the Accessory Dwelling Unit Loan Program

Massachusetts needs at least 222,000 new homes over the next decade. Accessory dwelling units (backyard cottages, converted basements, over-garage apartments) are one way to add them without new land or large-scale construction.

Updated Sep 3