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2024 Development that Best Exemplifies Metropolitan Community Impact

Development: 250 Centre

Developer: The Community Builders, Inc.

Location: Boston, MA

2024 JTC Awards - DOD - Metro - 205 CentreThe Development of Distinction award for development that best exemplifies metropolitan community impact goes to The Community Builders for 250 Centre in Boston. 250 Centre is a 110-apartment mixed-income rental property in Jackson Square. A proposed reginal expressway in that neighborhood began construction in the 1960s and 1970s before being ultimately stopped by community activists, residents and planners. Still, the area received little institutional and public investment for decades, leading to a high concentration of poverty and making it one of the least ethnically and racially integrated neighborhoods in Boston. But 250 Centre is one of the last pieces in the master plan to fill the empty lots that remained. 250 Centre will feature a neighborhood-oriented retail space in addition to the 110 homes. Raymond James and Clocktower Tax Credits LLC invested a combined $19.5 million in low-income housing tax credit equity to finance the development.

Honorable Mention

Honorable mention in the Metro Category goes to Schafer Richardson for its development of the Peregrine Apartments in Minneapolis.

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