O’Shea House

Massachusetts

O’Shea House is a 100-unit community for seniors at or below 60% AMI located in Brookline, MA. Originally built in 1968, the property historically operated as public housing, and in 2021 was substantially updated. 100% of the units benefit from project-based rental subsidy via a RAD conversion. It was the first phase of several future RAD conversion transactions as Brookline Housing Authority (“BHA”) rehabs its entire public housing portfolio. The project utilized Federal LIHTC, in addition to a permanent loan from a local bank and two related-party soft loans from the BHA. BHA provides services tailored to the senior population that focus on aging in-pace and self-sufficiency such as exercise classes, financial literacy, technology literacy and much more.