Capitol Square Apartments Ribbon Cutting

On the morning of December 12, HCA was pleased to celebrate the completion of its Capitol Square Apartments building, 258 Massachusetts Avenue, the first of three buildings on the property that will hold 32 affordable units upon completion this winter. 100 HCA supporters came out to celebrate and listen to speakers including Arlington Town Manager Adam Chapdelaine, Cedric Kam from U.S. Department of Housing & Urban Development, Massachusetts Department of Housing & Community Development’s Undersecretary of Housing Aaron Gornstein, Peter Sargent from Massachusetts Housing Investment Corporation, Gregory Bowe from Cambridge Savings Bank, Tony Fracasso from MassDevelopment and Eastern Bank’s President, Robert Rivers. Cambridge Savings Bank sponsored the morning’s festivities, and the event concluded with the guests touring the completed units.

Ribbon Cutting Cutting

Mark Lesses, HCA’s Vice President and Vice President of Coldwell Banker Residential Brokerage, started the morning off by welcoming the crowd and discussing the significance of the units, “Capitol Square Apartments is HCA’s largest project yet and the first Arlington property to receive low-income housing tax credits from Massachusetts Department of Housing & Community Development.”
Units will be affordable in perpetuity serving low-income households at or below 60% of area median income. The buildings offer a mix of apartment sizes: 6 studio units, 17 one-bedroom units and 9 two-bedroom units with 32 units overall.
Bus service is available at the front door and many retail and other services are within walking distance.  “With a bus stop right out front,” stated Undersecretary Gornstein, “This is the true meaning of transit-oriented development!”
In an elegant benediction over the building, Pastor Christine Elliott of Calvary Church gave thanks, “…for the dream which made this day possible and the patience and tenacity which have brought it to life; for the tireless work and dedication, day in and day out, of HCA staff and Board members; for the partnership and teamwork of public and private sectors and for all who have advocated and contributed money, time and heart; for the support of this community and a town that cares for all persons; for the workers who have given their strength and skill to this project…”

 

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