Overview

Box District, Chelsea, MA
46 Apartments
www.flatsat44.com
Spring 2014 Completion

TC became involved with the Flats at 44 more than five years ago at the conceptual stage and permitted the project through the City of Chelsea. TC then assembled construction, tax credits, and equity financing. The Flats at 44 is the first project to utilize the Commonwealth's Housing Development Incentive Program (HDIP), which encourages the construction of market rate housing in Gateway Cities like Chelsea. Through the supervision of TC staff, the project is now 100% leased and occupied and remains under the asset management portfolio of TC when full occupancy is achieved.

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