The Boston Business Journal
Somerville: 8 affordable units built on formerly abandoned site
SOMERVILL E --- Somerville Community Corporation and state and local officials will celebrate the completion of an eight-unit affordable housing development on Wednesday, Oct. 24 at 3 p.m. The development site, located at 75 Cross Street, used to house an abandoned, half-built structure before the non-profit developer purchased it in 2010. The project received financing from a private mortgage, the Federal Home Loan Bank of Boston's Affordable Housing Program, the Local Initiatives Support Corporation, Charlesbank Homes Foundation, Franklin Square House Foundation, and city, state, and federal subsidies.