170 Cottage
Quick facts
City: Chelsea
Completion date: Summer 2026
Development type: New construction
Number of new homes: 66 rental apartments (12 one-bedroom, 43 two-bedroom, and 11 three-bedroom)
Affordability: 18 homes at <30% AMI, 12 homes at <50% AMI, and 36 homes at <60% AMI
Overview
TND has developed 66 affordable homes adjacent to the Chelsea Greenway, offering residents convenient access to a multi-modal pedestrian and bike path. In addition, 170 Cottage is just one block from the Eastern Ave Silver Line MBTA station, providing a direct connection to Boston's South Station and Seaport District. The property is fully affordable and includes large apartments designed for families. Additionally, 170 Cottage includes two homes for individuals with disabilities and 16 homes with preference for families that have experienced homelessness or are at-risk of experiencing homelessness. Property amenities include an 1,800-square-foot community room large enough to accommodate all building residents at once, underground parking for 72 automobiles and 70 bicycles, common laundry facilities on each residential floor, and more than 15,000 square feet of open space. 170 Cottage was designed with energy efficiency in mind and received Passive House Design Certification in 2023. Construction began in December 2023 and was completed in summer 2026.
Development team
Architect: Davis Square Architects
Contractor: Bald Hill Builders
Supportive services provider: Housing Families
Acquisition financing: Community Economic Development Assistance Corporation (CEDAC)
Predevelopment financing: CEDAC, The Life Initiative
Low Income Housing Tax Credit investor: Boston Financial
Tax-exempt bond financing: MassDevelopment
Construction financing: Eastern Bank
Permanent financing: Massachusetts Housing Partnership
Subordinate debt: Executive Office of Housing and Livable Communities; Community Economic Development Assistance Corporation; North Suburban Consortium, City of Chelsea
Additional funding: MassSave
