Mt. Pleasant Home

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Mt. Pleasant Home is an elder residence that serves very low income seniors in Jamaica Plain, Massachusetts. LIIF provided a New Markets Tax Credit allocation as part of a $20.3 million transaction to support the rehabilitation and expansion of the Mt. Pleasant Home facility. The project will increase the residential units available and build commercial space and a new three-story atrium. The Brigham and Women’s Hospital will open and operate a new primary care facility in the expanded space. In addition, the project is incorporating many green building elements with a goal of achieving a LEED Silver certification. The development also received support from the State of Massachusetts Department of Housing and Community Development and the City of Boston Department of Neighborhood Development.

Project Details

60 housing units
On-site health clinic
Green building elements, including photovoltaic cells, solar hot water panels and a storm water recapture system
$20.3 million New Markets Tax Credit transaction with $10.5 million allocation from LIIF
  • Wainwright Bank
  • Boston Community Capital
  • NCB Capital Impact
  • U.S. Bancorp Community Development Capital

More Information
New Markets Tax Credits