Bohler Supports Community-Driven Affordable Housing Project in Dorchester

M&T Realty Capital Corp. is financing  247 Hancock, a 47-unit mixed-income development in Boston’s Dorchester neighborhood.

Developed by Arx Urban and Boston Communities with city and state support, the six-story project will include a mix of studio, one-, two-, and three-bedroom units, along with amenities such as a fitness studio, tenant lounge, rooftop deck, green space, and parking.

Bohler’s Boston team is supporting the project with site civil engineering, consulting, and permitting services to help bring much-needed affordable housing to the community.

Of the units, 74% will be income-restricted to families at 60% Area Median Income (AMI) or below, with affordability levels ranging from 30% to 100% AMI. “247 Hancock reflects Arx Urban’s deep commitment to delivering high-quality, transit-oriented housing in Dorchester that serves a broad range of incomes,” said Benjie Moll, Principal at Arx Urban.

He emphasized that the project follows their development model of integrating communities economically and expressed gratitude to several neighbors for their support, calling it ‘really a community-driven project.’

Reflecting that commitment, the financing package was structured to bring diverse resources together—including a Freddie Mac unfunded forward commitment, a standard construction loan, and nearly $20M in tax credit equity leveraging both state LIHTC equity and federal energy credits.

Construction is expected to complete in early 2027.

Learn more here and here.