November 20, 2014
NDC Corporate Equity Fund will join local officials, project partners, developers and investors at the Official Groundbreaking for Christopher Heights of Northampton tomorrow, November 21st at the project site.
The Christopher Heights of Northampton project is the new construction of an 50,000 square foot assisted living facility located in the Village Hill neighborhood of Northampton, MA. The 1.3 acre site formally housed a state hospital and is being redeveloped under the direction of Massachusetts Development Finance Authority (MassDev). The $13.4 million project will consist of 83- assisted living units, 17 of the units will be designated for individuals with incomes below 30% of AMI and 26 for residents with incomes below 60% of AMI. In partnership with the Grantham Group of Boston, NDC Corporate Equity Fund contributed LIHTC capital from NDC Corporate Equity Fund XI.