The site of a now-closed church in Everett is being converted into a 33-unit affordable rental housing facility for seniors, authorities said.
The project is moving forward with a more than $9 million tax-exempt bond issued by MassDevelopment on behalf of The Neighborhood Developers, Inc. The bond proceeds are being used to buy, clear, and prepare the former St. Therese Parish site.
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The proposed facility will include 30 one-bedroom units and three two-bedroom units. Nineteen units will be rented to households earning no more than 60% of the area median income and 14 units will be rented to households earning no more than 30% of the area median income.
The development will also include a community room, fitness room, common laundry, central air conditioning, and 58 surface parking spaces. St. Therese Parish closed in 2004 and the property was cleared in late 2020.
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The Neighborhood Developers, Inc. is a nonprofit community development corporation headquartered in Chelsea that owns 488 affordable housing units in the area.
