The City of Brockton announces that MassHousing has finalized $50 million in financing to support Phase 1 of the redevelopment of the Campello High Rise public housing community in Brockton.
This first phase marks the beginning of a comprehensive three-phase effort to transform the aging Campello Apartments campus, originally constructed in 1972, into modern, energy-efficient housing for Brockton residents. Phase 1 includes the construction of a new seven-story building with 144 affordable apartments. The broader redevelopment plan will replace two existing high-rise buildings and a single-story structure currently totaling 398 public housing units. Once complete, the site will feature three newly constructed residential buildings with 398 replacement units and two additional new apartments.
“MassHousing’s investment in Campello High Rise represents a major step forward for Brockton residents,” said MassHousing CEO Chrystal Kornegay. “Families and seniors who have lived in outdated public housing will soon have access to high-quality, energy-efficient homes that remain deeply affordable.”
Timothy Sullivan, Chairman of the Brockton Housing Authority Board, expressed appreciation for the collaboration and persistence that made the project possible. “Our residents have waited many years for this transformation. We are proud to move forward with a redevelopment that will provide safe, modern housing while preserving long-term affordability for the Brockton community.”
MassHousing’s financing package includes $28.2 million in permanent financing, $20.7 million in tax credit bridge financing, and $1 million from the Capital Magnet Fund. Additional Phase 1 funding sources include $2.2 million from the Affordable Housing Trust Fund administered by MassHousing on behalf of the Executive Office of Housing and Livable Communities (EOHLC), $7.4 million in direct support from EOHLC, $43.9 million in federal and state Low Income Housing Tax Credits allocated by EOHLC, $10.8 million in Brockton Housing Authority loan financing, and $1 million in Brockton HOME funds. The Richman Group is serving as the tax credit syndicator, and Santander Bank is providing construction financing.
The new building will include 143 one-bedroom apartments and one two-bedroom apartment, with seven units designed for accessibility. All 144 apartments will be supported by project-based Section 8 vouchers. Of the total units, 36 will be reserved for households earning up to 30 percent of Area Median Income (AMI), 36 for households earning up to 50 percent of AMI, and 72 for households earning up to 60 percent of AMI.
Residents will benefit from a range of on-site amenities, including shared campus facilities, a ground-floor lounge, and dedicated laundry, fitness, and community gathering spaces. The development will also provide resident parking with electric vehicle charging stations.
Sustainability is a central component of the redevelopment. The building will feature all-electric heating and cooling systems, high-performance windows, enhanced insulation, low-flow plumbing fixtures, and solar-ready roofing. A centralized energy recovery ventilation system will support improved indoor air quality. All appliances will be ENERGY STAR® certified, and lighting will utilize high-efficiency LED fixtures. The project is designed to meet Enterprise Green Communities standards.
Located along Main Street, the Campello campus is within walking distance of grocery stores, restaurants, retail services, and is approximately 0.3 miles from the MBTA Campello commuter rail station, offering convenient access to public transportation.
Shawmut Construction is serving as the general contractor, BWA Architecture is the project architect, and the Brockton Housing Authority will manage the property.
About MassHousing
MassHousing (The Massachusetts Housing Finance Agency) is an independent, self-supporting agency established in 1966 to address the Commonwealth’s housing needs. The Agency provides financing to homebuyers and homeowners of low and moderate income, as well as to developers who build or preserve rental housing. Since its founding, MassHousing has invested more than $30 billion to expand and preserve housing opportunities across Massachusetts. For more information, visit www.masshousing.com.