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52 Affordable Apartments for Lowell's Acre Neighborhood

Success Story

Tremont Development Partners, LLC is using a $17 million tax-exempt bond issued by MassDevelopment and purchased by Eastern Bank to build a four-story, 52-unit affordable rental housing facility with 52 surface-level parking spaces at 733 Broadway in Lowell’s Acre neighborhood. The new building will be designed to Passive House sustainable design standards and will be a transit-oriented development located directly across the street from a bus station and less than two miles from the Lowell MBTA Commuter Rail station. Three units will be set aside for formerly homeless families and three units will be ADA accessible.