Clocktower has once again secured a state low-income housing tax credit investor for The Community Builders; this time for the Merrick at the Square project currently under construction in Worcester, MA. This brand-new LEED certified 49-unit development will help fill the housing gap by offering additional affordable housing to the area, which is currently in very short supply. The complex is designed to meet the Enterprise Green Communities standards which features many of the latest technologies such as on-site stormwater management, solar power generation, dedicated space for electric vehicles and bicycles, as well as providing tenants with access to various outdoor spaces.
While The Community Builders and Clocktower both have operations throughout the country, Massachusetts is home base to both firms, and we take great pride in our role in securing tax credit equity so these wonderful projects can continue to be built. Watching the gentrification of these cities and towns in our backyard is very fulfilling; these projects require complex financial structures, and Clocktower is thrilled to be part of the solution.
Clocktower continues to support the many communities throughout the Commonwealth, by providing first-in-class tax credit placement. If you are currently developing a low-income multi-family project and/or refurbishing old historic buildings that will generate tax credits, Clocktower should be atop your list of companies to call. With decades of experience in the real estate sector, we look forward to putting our expertise to work for you and make those plans become reality. Contact our Senior Associate, Dave Auster at (978) 793-6600, or by email at DAuster@ClocktowerTC.com.