Boston Metro Region
Alaska Street SRO - Caritas Communities
Caritas Communities, a respected nonprofit developer and owner of SRO housing, took title to the Alaska Street building in 2007 and preserved the lodging house license with the Boston Licensing Board. Caritas substantially rehabilitated the lodging house to create 17 enhanced SRO units - furnished rooms with private bathrooms. Sixteen are income restricted, affordable units, and one is a manager's unit. Three of the units are set aside for formerly homeless individuals.
PCI provided the construction and permanent financing for the Alaska Street SRO.
PCI Loan Amount: $1,500,000
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