（Boston Orange編譯）在Newburyport 通勤火車站及該市飛剪船市鐵路步道（Clipper City Rail Trail）旁，由MINCO開發公司（MINCO Development Corporation）負責開發的紐伯里港路口（Newburyport Crossing）第三期工程，9月22日破土動工了，將新建一棟四層樓、共92套混合收入公寓，解決當地緊迫的住房需求。
這宗開發案緊鄰MBTA通勤鐵路站與飛剪船市鐵路步道（Clipper City Rail Trail），距離市中心僅一英里。包含23套單身套房、30套一房、24套兩房及15套三房的住宅；其中23套將專門租給年收入在地區中位數（AMI）80%以下的家庭。大樓內有豐富公共設施，包括頂樓沙龍、健身房及寵物洗腳區等。
麻州州長奚莉（Maura Healey）和紐伯里港市長里爾登（Sean Reardon）表示，該計畫為優秀的公共運輸導向（TOD）開發案，能有效降低居住成本並促進在地發展。
本期工程獲得奚莉政府《可負擔住房法案》內的5,000萬美元「動能基金（Momentum Fund）」資助，並由麻州房屋署（MassHousing）管理。
該基金透過結合公共資本與民間投資，加速已獲許可項目的動工速度。此外，羅克蘭信託（Rockland Trust）、貝卡迪亞（Berkadia）與房地美（Freddie Mac）亦提供建融與永久融資。
連同前兩期的160套住宅，這區域的總戶數將達252套。本案由共和建築承包商（Republic Building Contractors）承建，箭街建築師事務所（Arrowstreet, Inc.）設計。
Healey-Driscoll Administration Breaks Ground on 92 New Homes at Newburyport Crossing
Executive Office of Housing and Livable Communities, Mayor Sean Reardon, MINCO Development Corporation and MassHousing broke ground today for the third phase of housing on the Newburyport campus, made possible by Governor Healey’s Momentum Fund
NEWBURYPORT – Ground was broken today for the third phase of Newburyport Crossing, which will create 92, new, mixed-income apartment homes adjacent to the Newburyport Commuter Rail Station and the city’s Clipper City Rail Trail.
MINCO Development Corporation is developing the third phase of Newburyport Crossing with financing through the Healey-Driscoll Administration’s Momentum Fund, which is managed by MassHousing, construction financing from Rockland Trust, and MINCO Development and its affiliates. MassHousing is also partnering with Berkadia and Freddie Mac to provide permanent financing for the project.
The third phase is being developed in a four-story building and will add 92 apartment units to the 160 units developed by MINCO in the first two phases of Newburyport Crossing.
“Building more housing is one of our top priorities, and the Momentum Fund is putting that commitment into action,” said Governor Maura Healey. “We created this fund to help move housing projects into construction faster, and in Newburyport that means 92 new homes are now moving forward. We’re going to keep using every tool we have to build more homes and lower housing costs across Massachusetts.”
“The Healey-Driscoll Administration is putting innovative tools to work to build more homes across the Commonwealth, and Newburyport Crossing is a great example of what that looks like in action,” said Housing and Livable Communities Secretary Juana Matias. “By leveraging public investment, we're helping unlock 92 new transit-oriented homes, on top of the 160 already developed at this site. That's exactly what the Momentum Fund is designed to do: move strong projects forward and deliver the housing Massachusetts residents need.”
“This is exactly the kind of housing we need in Newburyport, high-quality rental and affordable housing at different price points, located steps from public transportation and close to our downtown. Lou Minicucci and MINCO have been tremendous partners to the City, and they continue to demonstrate that you can create great projects while also helping communities address the very real housing challenges we face,” said Newburyport Mayor Sean Reardon. “I also want to thank the Healey-Driscoll Administration and the Executive Office of Housing and Livable Communities for believing in and investing in this project. This is smart, transit-oriented development that will provide more opportunities for our workforce, young professionals, and seniors to call Newburyport home, while also creating a new commercial opportunity at this location.”
“MassHousing is thrilled to support the development of the latest phase of Newburyport Crossing, which will offer its future residents quality rental housing options steps away from a commuter rail station and with immediate access to Route 1,” said MassHousing CEO Chrystal Kornegay. “Momentum Equity is helping to accelerate new mixed-income housing growth in communities like Newburyport where it is needed the most and putting innovative finance to collaboratively work to address the state’s housing needs.”
“MassHousing’s commitment to assist MINCO in funding the third phase of Newburyport Crossing has been transformative. Their participation has allowed us to overcome construction challenges and costs, enabling and providing much needed affordable housing to the Newburyport community. MINCO CEO Eric Loth, Jr., who was responsible for coordinating with MassHousing, would like the entire team there for their commitment and for their creative and dedicated effort to bring this project to reality,” said MINCO President Louis P. Minicucci Jr.
Created through Governor Healey’s Affordable Homes Act, the $50 million Momentum Fund is a new financing tool designed to help build more mixed-income housing across Massachusetts. The Momentum Fund is moving low-cost public investment alongside private investment to help housing development start into construction more quickly. The Momentum Fund offers developers of mixed-income housing an efficient and predictable source of stable equity financing. Momentum Equity is not a subsidy or a grant, but it is designed to be flexible compared with other equity available in the commercial market. Momentum Equity financing is designed to blend with privately financed equity and revolve over time, creating a permanent source for mixed-income housing growth.
In Newburyport, the Momentum Fund is allowing the construction of new housing that had been permitted and shovel-ready for years. Newburyport Crossing Phase III received its Chapter 40R Smart Growth District Plan Approval in 2022.
Of the 92 apartments, 23 will be income restricted for households earning up to 80 percent of the Area Median Income (AMI). There will be 23 studios, 30 one-bedroom units, 24 two-bedroom units, and 15 three-bedroom units.
The development amenities will include a two-story foyer, library, top-floor lounge, outdoor deck, fitness center, bike storage, courtyard and patio, and pet wash area. The site is bordered by US Route 1 and the Clipper City Rail Trail. Downtown Newburyport is one mile away and MBTA Newburyport Commuter Rail station and regional bus service are located within a five-minute walk.
Republic Building Contractors is the general contractor and Arrowstreet, Inc. is the architect.
The Momentum Fund was created by the Healey-Driscoll Administration under the Affordable Homes Act, the largest and most ambitious housing bond bill in Massachusetts history. This new tool in the state’s housing toolkit accelerates housing production, especially middle-income units, without relying on typical grant and subsidy resources. The fund leverages low-cost capital and the expertise of private developers to help already permitted, much-needed housing projects begin construction. By leveraging this new financing tool, MassHousing can help build more homes sooner and provide much-needed units for families, seniors and young adults.
To date, the Momentum Fund has advanced the development of more than 400 new mixed income rental homes, including 140 new affordable rental homes. Additional financing commitments will be announced over the coming months.
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