November 13, 2025 – Boston Capital Finance (BCF) is pleased to announce the closing of a construction to permanent multifamily conduit tax-exempt bond.  

West Boulevard will be a newly constructed 238-unit multifamily community comprising seven three- and four-story garden-style apartment buildings and a standalone single-story clubhouse. The development will offer a mix of one-, two-, three-, and four-bedroom units, all reserved for households earning up to 60% of the Area Median Income through the use of 4% Low-Income Housing Tax Credits. Located on a 13.13-acre site at 3119 West Boulevard in Charlotte, North Carolina, the property will feature high-quality finishes such as stainless-steel appliances, quartz countertops, and in-unit washers and dryers, complemented by community amenities including a fitness center, clubroom, playground, and outdoor gathering spaces.

Minnesota based Roers Companies is the developer. “Along with our partners, we are delighted to bring this high-quality affordable project to the city of Charlotte, North Carolina,” said Kevin Sturgeon, Development Manager for Roers Companies.

“We are excited to be working with the Roers Companies on this $65 million conduit multifamily bond.  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.  

“This closing is another example of our longstanding commitment to financing attainable multifamily bonds and loans in the Carolinas.  We have a substantial North Carolina portfolio and are very pleased to be adding this asset to it,” 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 $4.6 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