(866) 797-7557 pri@provri.net

Massachusetts Section 8 Portfolio

Providence Realty Investment, LLC recently purchased a government subsidized housing portfolio in Massachusetts comprising of 10 properties totaling 931 units.  PRI utilized Low Income Housing Tax Credits (LIHTC) mass_map_new (2)to purchase this portfolio along with Bond Financed Mortgages from Mass-housing. This is the largest private housing preservation transaction in Massachusetts history. Over $15 million in upgrades are planned within the first year of ownership and are already well underway.

PRI Government Housing

The properties, many of which are located in the surrounding Boston metropolitan area, are within a one-hour drive of each other allowing for efficient management and operations. The communities are well maintained, mostly age gm_logorestricted, and enjoy an extremely stable tenant basis with very low turnover.
PRI has contracted Wingate Management Company, LLC to oversee property management of its MA and RI portfolios. Wingate has a great deal of experience successfully managing affordable housing complexes throughout the US.

Cedar Glen

 

cedarglen

Cedar Glen is a two-and-a-half story elderly affordable housing apartment community featuring 114 units spread throughout four buildings on a 15 acre site just outside the town of Reading, Massachusetts.  Set along Main Street, residents enjoy easy access to the downtown area and surrounding communities.  Amenities include a community room, library, and exercise room.

 2 Elderberry Lane Reading, MA 01867

Chestnut Glen

 

Chestnut Glen is an elderly affordable housing apartment community with 130 units spread throughout two buildings on a 10 acre site in Abington.  Located next to the Ames Norwell State Park and just minutes from the centers of Abington and Holdbrook, residents enjoy easy access to walking trails and downtown shopping destinations. The site is conveniently located just 30 minutes from Boston.  Amenities include two community rooms, four laundry rooms, exercise equipment and more.

 

585 Chestnut Street Abington, MA 02482

 

Glen Grove

 

Glengrove1Located in charming downtown Wellesley, Massachusetts, Glen Grove is a 125 unit, five-story elderly affordable housing community spread along three and a half acres. It’s located near Wellesley Public Library, just a short walk from downtown shopping and dining destinations.  Downtown Boston is only a 30-minute drive from Glen Grove and public transportation is easily accessible from the property.  The site has many amenities including community rooms, greenhouses, laundry facilities and more.

50 Grove Street Wellesley, MA 02482

Gosnold Grove

 

_MG_5548 Gosnold Grove

Gosnold Grove is a family affordable housing apartment community with 33 units spread throughout two buildings on a 2.7 acre site in the town of East Falmouth on Cape Cod.  The property provides easy access to downtown Falmouth and all the charming Cape Cod communities.  Amenities include a basketball court, common laundry facilities, resident storage and more.

364 E Falmouth Hwy East Falmouth, MA 02536

Heritage Green

 

heritageHeritage Green is a three story elderly and family affordable housing apartment community with 130 units spread throughout six buildings on a 24 acre site in Fiskdale.  Amenities include a community room, arts and crafts room, outdoor picnic and barbecue area, playground, beauty and laundry rooms.

 40 Heritage Drive Fiskdale, MA 01518

Longfellow Glen

Longfellow

Longfellow Glen is a two and three story elderly and family affordable housing apartment community with 120 units spread throughout five buildings in Sudbury, Massachusetts.  Just 30 minutes from Boston, this beautiful 23 acre landscaped site is located near downtown sections of Sudbury and neighboring communities of Wayland and Marlborough.  The site provides many amenities including a community room, playground and laundry facilities.

655 Boston Post Road Sudbury, MA 01776

Nehoiden Glen

Nehoiden

Situated in the upscale town of Needham, a suburb just outside of Boston, this 61 unit, two story elderly affordable housing complex has three buildings on a 4.3 acre site.  The town centers of Needham and Wellesley are easily accessible as well as the MBTA commuter rail service.  There are many amenities to enjoy including a community room, resident vegetable garden, laundry facilities and much more.

1035 Central Avenue Needham, MA 02492

Noonan Glen

_MG_5802 Noonan GlenNoonan Glen is an 18unit elderly apartment affordable housing community located in a single building on a 1.7 acre site in the town of Winchester. Located just off Main Street, residents enjoy easy access to the downtown area and Boston is just 20 minutes away.

 75 Hemingway Street Winchester, MA 01890

Norton Glen

_MG_5528 Norton Glen

Norton Glen is a single story affordable housing family community with 150 units spread throughout 26 buildings on a spacious 27.9 acre site in Norton. Amenities include a playground, basketball court, laundry facilities and much more.

4 Norton Glen Terrace Norton, MA 02766

 

Old Mill Glen

 

_MG_4882 Old Mill Glen

Old Mill Glen is a family affordable housing apartment community with 50 units spread throughout four buildings on an eight acre site in Maynard.  The property is easily accessible to downtown Maynard and has several amenities including a recreation room, playground, and common laundry facilities.

438 Dawn Road Maynard, MA 01754

 

Read the latest about our East Providence project

Our partnership with the City of East Providence and Chevron aims to bring the East Providence waterfront back to life.

PRI Government Housing

Providence Realty Investment is committed to being a leading provider of affordable housing by producing and preserving low-cost housing to family and senior households in greatest need.

PRI Renewable Energy

PRI Renewable Energy is dedicated to practicing responsible green building and advanced renewable energy solutions.

Village on the Waterfront

Village on the Waterfront, LLC is developing a vibrant new 25-acre waterfront community along Veterans Memorial Parkway in east Providence, Rhode Island that will help “bring the waterfront back” to local residents.