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BOSTON-New Boston Fund‘s Urban Strategy America Fund has closed on permanent financing with Massachusetts Housing Partnership for the third phase of its Olmsted Green multifamily development in the Dorchester and Mattapan neighborhoods of Boston. Developed by Lena Boston, a joint venture between New Boston and Lena Park Community Development Corp., the 42-acre project has created 200-plus affordable rental units and 19 townhomes on the site of the abandoned Boston State Hospital campus, which was vacant for 25 years before the JV stepped in.

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