November 7, 2024 – Boston Capital Finance (BCF) is pleased to announce the closing of a construction to permanent tax-exempt bond. Casa Grande Senior is a to-be-built 176-unit senior affordable housing apartment complex located in Casa Grande, Arizona.  The project will serve seniors in the area renting units at 60% AMI.

Minnesota based Roers Companies is the developer. “Along with our partners, we are delighted to bring this high quality affordable senior project to the city of Casa Grande, Arizona,” said Nick Asta, Development Manager for Roers Companies.

“We are again excited to be working with the very accomplished Roers Companies on this development.  Roers selected BCF based on our understanding of the market, seasoned team and certainty of delivery,” said Sean Curry, Partner and Director of Originations and Investments.  

“The 176-unit senior property will be situated on 8.24 acres and consist of one three-story low-rise buildings and a separate single-story community building with 226 parking spaces.  The need for affordable high quality senior rentals in the area is great and Casa Grande Senior perfectly aids in that regard,” said Bill Fazzano, Partner and Director of Underwriting. 

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 $4.2 billion of affordable bonds and loans.  

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

Sean Curry, Originations and Investments, 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