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Boston Metro Region

Covenant Commonwealth - B'nai B'rith

Newton    2006

B'nai B'rith Housing New England acquired a twelve unit building and an adjacent vacant parcel with approximately 1.5 acres in total. B'nai B'rith developed the entire site under Chapter 40B. They constructed a new 44 unit building and rehabilitated the 13 unit building. 15 of the 57 condominiums are affordable to households earning no more than 80 percent of the area median income.

PCI provided a standby loan to cover any unexpected delays in the closing of the unit sales.

PCI Loan Amount: $1,000,000

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