This past May, our company, represented on the day by SSDC President Roger Gendron, participated in the Affordable Housing Developers Counsel’s (AHDC) Spring Policy Conference, a high-profile day of talks held between industry leaders and top government policy makers. The proceedings were enriched by the presence of Secretary Ben Carson of HUD, who has made
Silver Street Development Corporation is excited to announce its expansion to the Mid-Atlantic, where a new branch office located in the heart of Washington, DC will be expanding upon Silver Street's continual efforts to develop new affordable housing. The branch's launch coincides with the hiring of four new employees to the Silver Street team, an
Silver Street Development Corporation is proud to announce the launch of the newly redesigned SSDC website. The website, completed in partnership with development firm Old City Press of Washington, DC, is designed to serve as the fulcrum upon which Silver Street's increasingly robust PR efforts will turn in the coming months. Public opinion on affordable
Silver Street Development is proud to announce that AHF has deemed SSDC a Top Affordable Housing Owner for 2016, a distinction Silver Street likewise received in 2015. 2016 was a watershed year for Silver Street, it seeing them acquire both Pequot Highlands Apartments, a 250-unit community in Salem, MA, and Sebastian Villa, a 171-unit community in Neptune, NJ, which
Silver Street Development Corporation is proud to announce the addition of Pequot Highlands, a 250-unit development located in Salem, MA, to its portfolio, an acquisition that was completed in the face of a myriad of difficulties to the satisfaction of both the selling party and the involved local and state agencies through the course of
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 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 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
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 | egedstad@masshousing.com Tom Farmer: 617.854.1843 | tfarmer@masshousing.com 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 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