Forestvale Apartments - Boston, MA

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Omni acquired the property in December 2008 with financing provided by the Massachusetts Housing Finance Agency & Massachusetts Department of Housing and Community Development through low income housing tax credits, tax exempt bonds and secondary financing. The project took over the current Project Base Section 8 (HAP) contract at closing and extended it for 20 years.

 

A $3.3 million rehabilitation of the property was completed in 2009.