Issue No. 24 Summer 2005
 Community Center
Tools for Housing and Economic Development
 
 
NEF Plays a Key Role in Regional Housing
The Bank's New England Fund is a major source of funding for Chapter 40B developments in which 25 percent of the units are affordable to households earning at or below 80 percent of the area median income.
multimedia profiles
A Second Chance for Veterans The Berkshire Veterans Residence in Pittsfield, Massachusetts, provides transitional and permanent housing for homeless veterans.
housing events

Opening Celebration Jane Wallis Gumble (left), director, Massachusetts Department of Housing and Community Development, joined Lieutenant Governor Kerry Healey and Joanne Sullivan, the Bank's assistant vice president, director of government and community relations, at a celebration for Hastings House in Boston. Hastings House is a part of the Crittenton Housing Project, which serves very low-income, homeless households. The Crittenton initiative was awarded a $300,000 Affordable Housing Program grant in the second round of 2004.
departments

2005 Round One AHP Awards
2005 Round One AHP Awards Summary
Housing News in Brief
More than $1.5 Million Awarded in EBP
Download the Print Version (PDF)


Tools Archive
Issue No. 22 Fall 2004
Issue No. 23 Winter 2005
  Profiles: Three New England Fund Initiatives
The Homes at Auburndale Yard in Newton; Fairhaven Residential Gardens in Concord; and Metacom Condominiums in Bristol, Rhode Island are just a few of the developments funded by New England Fund advances.
  A New Housing Affordability Index
MIT's Center for Real Estate, the Federal Home Loan Bank of Boston, and MassHousing have joined forces to create a housing affordability index for New England communities.
  Encouraging Mixed-Income Housing
Well-designed, well-managed mixed-income housing provides financial advantages to the developer and social advantages to the community.

  Reinventing the Urban Village
In May, the Federal Home Loan Bank of Boston sponsored Density 2: Reinventing the Urban Village, a two-day conference on the viability of developing dense, mixed-use developments in urban neighborhoods.
  Vermont Report Examines Nonprofit Developers
A report commissioned by the state concludes that Vermont's nonprofits are effectively serving the very poor at the highest rate of any state in New England.
  Housing a Winner in Connecticut
With victories that included the creation of a Housing Trust Fund of $100 million, housing emerged as a huge winner in Connecticut's 2005 General Assembly session.
  In Process: New Tax Credits for New Bedford Initiative
In this latest installment of an ongoing profile on the Coffin Lofts initiative in downtown New Bedford, the developers rename the project and recover from unexpected cost overruns with a new infusion of New Markets Tax Credits.

  Chinatown Proposal Wins Housing Competition
A mixed-use proposal to create 202 units of ownership and rental housing and community space in the Chinatown section of Boston received the top award in the 2005 Affordable Housing Development Competition.
  Developing Vital Urban Communities
In his keynote address at the 2005 Affordable Housing Development Competition, Douglas Foy urged students to focus on the connection between housing, transportation, and environmental protection in the development of vital urban communities.
  Community Partners: YouthBuild
A collaborator on many Affordable Housing Program initiatives, YouthBuild is one of the few national organizations that equip low-income young people with the life skills and counseling they need to improve their lives.

Federal Home Loan Bank of Boston Housing and Community Investment Department 1-888-424-3863
John Eller, Senior Vice President
Mary Ellen Jutras, Assistant Vice President
Ken Willis, Assistant Vice President
Liz Nickerson, Senior community Investment Manager
Theo Noell, Senior Community Investment Manager		 Carmen Gutierrez-Seales, Senior Community Investment Manager
Paulette Vass, Community Development Advance Manager
Holly Frades, Housing and Community Investment Assistant
April Gancarz, Housing and Community Compliance Analyst