Low Income Investment Fund

• Projects
• Transit-Oriented Developments
• 700 Harrison

An unpaved, little-used parking lot in an economically distressed neighborhood of Boston is now a successful mixed-income, transit oriented development with 84 residential units, a community garden, and retail space that houses a preschool, restaurant and specialty foods store. LIIF provided a New Markets Tax Credit allocation for the project. The 700 Harrison Avenue project is located a short walk from the Silver Line, the city’s new bus rapid transit line. The development will bring much needed mixed-income housing, jobs and services to a neighborhood where 26 percent of residents live below the federal poverty line.

Project Details

Impact

84 housing units, including 46 affordable units
6,100 square feet of retail space

Financing

$6.3 million NMTC allocation

Partners

• Boston Community Loan Fund
• U.S. Bank

More Information
Our Transit-Oriented Development Program
Community Capital for TOD
New Markets Tax Credits

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