February 13, 2026 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable loan in the city of Washington, DC.

145 Kennedy Apartments is a collaboration between Legacy Real Estate Development, Mutreja Development and Phi Beta Sigma Fraternity.  

This property will be a 36-unit complex with 1 studio, 19 one-bedroom, 6 two-bedroom and 10 three-bedroom LIHTC units at 30% or 60% AMI. Eight of the three-bedroom units will have Permanent Supportive Housing (“PSH”) vouchers.

“We are excited to be working with this borrower group to provide much needed quality affordable housing. The sponsors had many financing options and selected BCF based on our certainty of delivery and boutique closing process.”  said Sean Curry, Partner and Director of Investments and Originations.

Partner and Director of Underwriting Bill Fazzano remarked, “As we continue to build out our mid-Atlantic loan portfolio, Washington DC remains a cornerstone of that endeavor.  The market metrics on this subject asset are very strong, and we are very pleased to be adding it to our portfolio.”

Boston Capital Finance

BCF was founded in 1994 and provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits.  BCF, owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry has closed over $4.7 billion of affordable bonds and loans.  For more information, please visit our website at www.bostoncapital.com.

Have an affordable tax-exempt bond or taxable permanent loan that needs to be financed? Please call:

Sean Curry, Investments and Originations, 781-526-4319 scurry@bostoncapital.com

Walter Williams, Originations, 617-694-5182 wwilliams@bostoncapital.com

Don Phelan, Originations, 860-614-8650 dphelan@bostoncapital.com

Bill Fazzano, Underwriting, 617-331-4098, bfazzano@bostoncapital.com