December 18, 2025 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable loan.

Esplanade Delille, is a to-be-built 50-unit mixed-income housing community in New Orleans, Louisiana developed by the prestigious HRI Communities, LLC. The development will include a mix of forty-seven one-bedroom and three two-bedroom apartments across three buildings.  The project will include a ground-floor retail space.

“This project will deliver high-quality, mixed-income apartments, support small businesses, and bring long-term vitality to a site that has been dormant for much too long,” said Josh Collen, President of HRI Communities, LLC.

“We are enthusiastic to again be financing a project for HRI.  HRI continues to be recognized for their development work in the Southeast, and Esplanade Delille is yet another testament to their longstanding commitment to excellence,” said Sean Curry, Partner, and Director of Originations and Investments.

“Esplanade Delille is a great addition to our portfolio. We continue to seek out the best sponsors countrywide and are enthusiastic about the rapid growth of our Southeastern portfolio,” said Bill Fazzano, Partner, and Director of Underwriting.

HRI Communities

HRI Communities, LLC is dedicated to developing high quality, mixed- income, workforce and affordable housing that revitalizes neighborhoods. From artist lofts that infuse creativity while spurring economic development to sustainable housing developments that improve neighborhoods and address critical needs, HRI Communities, LLC excels in its mission of transforming underserved communities into places where people want to live, work and play. HRI Communities, LLC is a full-service real estate development company, with affiliated architectural design and property management services companies and is a national leader in the adaptive reuse of historic structures. Since 1982, HRIC and its affiliates have completed 116 projects involving more than $3.9 billion of total invested capital, which resulted in the creation of over 7,200 apartment units, over 8,700 hotel rooms, and more than 1.4 million square feet of office and retail space. For more information, please visit their website at www.hriproperties.com.

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