North Bellingham Veterans Home
Quick facts
City: Chelsea
Date completed: 2015
Total development cost: $3.2 million
Number of homes: 10 studios
Affordability: 8 units for <30% AMI; 2 units < 60% AMI
Overview
North Bellingham Veterans Home is TND’s first supportive housing development built for the benefit of formerly homeless individuals, with a preference for veterans. Formerly an American Legion Post, NBVH underwent historic renovations to create ten studios of permanent supportive housing. In addition to the ten studio apartments, North Bellingham Veterans Home includes a community room and kitchen for the building’s residents and office space for the supportive service provider, Pine Street Inn. Renovations comply with the Enterprise Green Communities program, a green and sustainable building standard. Green features include improved site drainage, energy efficient and water-conserving fixtures and appliances, and use of recycled materials. North Bellingham Veterans Home (NBVH) is located in Chelsea’s Bellingham Hill neighborhood.
Development team
Development consultant: Dan Violi
Architect: Resolution Architects
Contractor: NEI General Contracting
Equity: Boston Private Bank & Trust Company
State historic tax credits: Massachusetts Historic Rehabilitation Tax Credit Program
Subordinate debt: The Commonwealth of Massachusetts Department of Housing and Community Development; MassHousing; Community Economic Development Assistance Corporation; North Suburban Consortium HOME Program; and City of Chelsea
Predevelopment and acquisition financing: The Life Initiative; Community Economic Development Assistance Corporation Innovation Fund
Additional funds: Federal Home Loan Bank of Boston AHP; NeighborWorks America; The Neighborhood Developers, Inc.; TD Charitable Foundation; CharlesBank Homes; Eastern Bank Charitable Foundation
Construction loan: Boston Private Bank and Trust Company
