National Equity Fund

Brushwood Farm Housing

Lenox, MA


Statistic
Jobs Created: 19
Jobs Year One: 79


Brushwood Farm Housing is a new construction development located in Lenox, MA. Once complete, it will include a total of 65 units, 50 of which are LIHTC?eligible units under the Average Income Test set aside, including thirty six (36) for households earning 60% or less of Area Median Income (AMI), five (5) for households earning up to 80% of AMI and nine (9) designated for extremely low?income tenants at or below 30% of AMI.  The  nine  extremely  low?income  tenants  will  all  be  supported  by  project  based  rental  assistance  through  the Massachusetts Rental Voucher Program (MRVP). The remaining 15 units will be target families at up to 120% of AMI.  

This project will consist of 13 two? and three?story, rental town home buildings and a stand?alone clubhouse. The one?story, clubhouse/community building will be approximately 3,100 sf with 1,700 sf of walkout basement area containing a maintenance and mechanical area, while the first floor will hold a variety of community amenities including a reception area, community room, resident services room, office, conference room, A/V and work room, and a fitness room.  



Project Details:

Completed:
2025
Population Served:
Family
Total Units:
65
Mix of Residences:
2 Bedroom (35),1 Bedroom (22),3 Bedroom (8)
Net Equity:
9.1M
Credit Type:
9%
Total Project Costs:
37.2M
Developer(s):
Pennrose Properties, LLC
Architect:
The Architectural Team, Inc.
General Contractor:
Haynes Construction, Inc.

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Georgiaville Village Green

Georgiaville Village Green

Smithfield, RI

Georgiaville Village Green is one of the first affordable housing developments for families in Smithfield, Rhode Island. Once home to the Narragansett Gray Iron Foundry, Gemini Housing Corporation remediated and replaced a brownfield site with a 42-unit complex. This townhome community mirrors the architecture of historic Georgiaville Village while maintaining a cohesive design that is surrounded by greenery built to street edge. Units are available for single-family residents earning between 30-60 percent of the Area Median Income (AMI).  

The new homes at Georgiaville Village Green offer 3 one-bedrooms, 22 two-bedrooms, and 18 three-bedrooms. Five homes are reserved for very low-income households earning no more than 30 percent AMI through the Section 811 program, which offers supportive services to those residents with disabilities. The Smithfield area holds a range of shopping centers, medical centers, restaurants, and other amenities. 

This building’s “green” features include storm water runoff management, 46-kW solar photovoltaic systems, and the construction led to efforts to clean the contaminated lagoons and rehabilitate nearby riverbanks.  

Georgiaville Village Green was a 2020 AHF Readers’ Choice Awards Finalist in the Family category. Funding from the Local Initiatives Support Corporation (LISC) and Community Development Block Grant (CDBG) program made the remediation and land purchase possible. Sponsored by Gemini Housing Corporation and housing authority affiliate, Coventry Housing Associates, NEF contributed an investment of about $8.1 million in LIHTC equity.  

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