MassHousing committed $9 million in public-equity financing from its Momentum Fund for the development of the Claremont Grafton, a 233-apartment mixed-income community sponsored by The Claremont Companies in Grafton.
MassHousing will partner with Berkadia to provide the project with taxable permanent financing from Freddie Mac.
Located near Grafton’s MBTA commuter-rail station, the Claremont Grafton is the third project to be financed by the Momentum Fund, a first-in-the-nation state revolving fund for the construction of mixed-income housing. Other projects include the Residences at East Milton in Milton and Post Allston in Allston.
“We need more homes everywhere, but particularly close to public transit,” Lt. Gov. Kim Driscoll said in a press release. “Claremont Grafton delivers on both of these fronts by creating rental homes with easy access to the commuter rail. That creates housing our workforce needs in the places they need it.”

