$40M Brings Affordable Housing to Brookline

Brookline Housing Authority is using a $39.9 million tax-exempt bond issued by MassDevelopment to build 115 units of affordable housing for seniors and individuals with disabilities in Brookline’s Coolidge Corner neighborhood. The new one-bedroom units will be rented to households earning no more than 60% of area median income ($62,340 for a one-person household) and will replace 60 outdated existing public housing units on the property. Bond proceeds are also being used to build 32 parking spaces. Eastern Bank and Rockland Trust purchased the bond.