Frost Terrace

Redevelopment of 1791 Mass Ave into 100% Affordable Family Housing

1785-1791 Massachusetts Avenue, Cambridge, MA 02140

www.FrostTerApts.com

• # of Homes: 40

• Year Redeveloped: 2021

• Developer: Capstone Communities LLC and Hope Real Estate Enterprises LLC

• Property Manager: First Realty Management

• Capstone Role: Developer

  • Construction: Keith Construction, Inc.

  • Architecture: Bruner/Cott Architects

• Financing:

  • Massachusetts Housing Investment Corporation Permanent Loan

  • Rockland Trust Company Construction Loan

  • Federal 9% Low Income Housing Tax Credit Equity (Stratford Capital Group)

  • Cambridge Affordable Housing Trust

  • Department of Housing and Community Development Funding