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Silver Street Development Closes $32,000,000 Transaction in New Jersey

2016-05-11T14:44:49-04:00May 11th, 2016|

Silver Street Development Corporation is proud to announce its recent acquisition of the 171-unit Sebastian Villa of NJ to its subsidized housing portfolio. Through careful deal structuring, accomplished in partnership with the NJHMFA, Silver Street has been able to both add 84 units of subsidized housing to the property and to embark on a series

Silver Street Acquires 553-Unit Property in New York

2016-01-11T14:46:29-05:00January 11th, 2016|

Silver Street Development is proud to announce the recent acquisition of Charlotte Harbortown Homes, a 553-unit multifamily housing development located in Rochester, NY. This acquisition marks Silver Street’s third of 2015 and the largest single asset purchase in terms of unit count in the company’s history. Built in 1974, Charlotte Harbortown Homes is a former

Silver Street Closes $28 Million Transaction in Massachusetts

2015-12-02T14:47:13-05:00December 2nd, 2015|

Silver Street is excited to announce the closing of its latest LIHTC transaction, Louis Barett Residence, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston. The 4% LIHTC transaction’s total development cost exceeds $28.5 million and was financed by approximately $17 million in mortgage financing from MassHousing

Residents of Power Town Apartments in Montague to see Property Improvements.

2015-06-12T18:51:30-04:00June 12th, 2015|

Massachusetts Housing Finance Agency One Beacon Street, Boston MA 02108 TEL 617.854.1000 | VP 866.758.1435 | FAX 617.854.1091 | www.masshousing.com Media Contacts Eric Gedstad: 617.854.1079 | [email protected] Tom Farmer: 617.854.1843 | [email protected] Residents of Power Town Apartments in Montague to see Property Improvements and Extension of Affordability as a result of $6.9 Million in MassHousing

Silver Street Closes on Acquisition of Power Town Apartment

2015-06-03T18:55:27-04:00June 3rd, 2015|

Silver Street Development is proud to announce the acquisition of Power Town Apartments, is 82-unit Section 8 property located within the Turners Falls Historic District in the Town of Montague, MA. The property is comprised of 10 residential buildings and all of the buildings were originally constructed in the late 1800s to early 1900s. The

Acquisition of Louis Barett Residence in Lynn, MA

2015-03-24T18:58:19-04:00March 24th, 2015|

Silver Street Development is proud to announce the recent acquisition of Louis Barett Residences, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston. The property was acquired via a cash purchase of the General Partner and Limited Partner interest utilizing acquisition financing from The Community Development Trust.

SSDC is proud to announce to opening of it’s DC office

2014-08-29T19:00:29-04:00August 29th, 2014|

In congruence with Silver Street Development's plan for growth, we are proud to announce the opening of our new office in Washington, D.C.  Located at 1250 24th Street NW, our new location will allow key members of our team rapid access to all potential acquisition sites, development opportunities and financing and development partners.  Being in

Silver Street closes $18.1 million MassHousing loan.

2014-06-20T19:03:16-04:00June 20th, 2014|

BOSTON – June 19, 2014 – Affordability for low-income senior citizens living at the 181-unit Leisure Tower in Lynn will be preserved and property improvements will be made for the residents with the closing of an $18.1 million MassHousing loan. As a condition of the loan, Silver Street Development Corp., the property owner, will seek