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BOSTON-The AFL-CIO Housing Investment Trust said Wednesday it’s putting $116 million of pension capital funding to preserve Beacon Communities‘ Georgetowne Homes One and Two multifamily development in the Hyde Park neighborhood here as affordable housing. The funding will help keep the 967-unit complex in the federal government’s Section 8 program and also allow for energy-efficiency retrofits.

HIT financing includes $70.4 million for the 601-unit Georgetowne Homes One, originally built in 1969, and $45.5 million for the 366-unit Georgetowne Homes Two, which dates from 1972.? Seventy percent of the units are in the Section 8 program; all are income restricted, and the HIT financing will keep the complex affordable through 2058 via a deed restriction.

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