$22.2M for Affordable Senior Housing in Foxborough

MassDevelopment issued a $22.2 million tax-exempt bond, purchased by Citizens Bank, to help Walnut Street Phase One 4 LLC build 80 units of affordable senior housing at 51 Walnut Street in Foxborough, a project developed by a joint venture that includes Affordable Housing and Services Collaborative, Inc., Peabody Properties, Inc., and The Onyx Group. The site, previously owned by the Commonwealth of Massachusetts, was conveyed to the Foxborough Housing Authority in 2017. These units represent the first step in a multi-phase project that will result in the construction of 200 new units of affordable senior housing at the site.