Strength in numbers
Both Nuestra and TND have grown their real estate production by 300% since joining OppCo, and the experts we’ve brought in-house have positioned them to take advantage of today’s market to preserve existing affordable housing as they continue to build.
With OppCo’s support, our members are expanding their affordable housing production strategies. We assisted TND in purchasing a 32-unit apartment building in Chelsea with below-market rents. Within one year — and without using tax credits — this project secured financing from MGH/Partners, LISC, CEDAC, and the Commonwealth of MA to permanently preserve 30 of those apartments as affordable homes.
In Roxbury, Nuestra in advancing the development of Bartlett Station, an ambitious multi-phased project that will transform Nubian Square. After ten years of pre-development, the first building opened in 2019. A vibrant community gathering space at the center of it all, called the “Oasis at Bartlett,” serves as an outdoor greenspace and venue for food trucks, cafes, public art, and more.
