MassHousing Closes on $50M Funding for Brockton Redevelopment

MassHousing Closes on $50M Funding for Brockton Redevelopment

MassHousing has closed on $50 million in financing for the first phase of the redevelopment of the Campello Apartments public housing campus in Brockton by the Brockton Housing Authority and Cambridge Housing Authority. The agency is providing $28.2 million in permanent financing, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. The project will also benefit from more than $60 million in funding throu…