The St. Joseph Hall in Watertown will be preserved and continue to serve as senior apartments with the help of a $3.2 million bond provided by MassDevelopment.
The 25-unit senior housing facility in Watertown provides affordable housing for seniors.
“Preserving affordable housing is crucial to maintaining a wide range of housing options in the Commonwealth,” said MassDevelopment President and CEO Marty Jones. “We’re pleased to leverage this low-cost financing on behalf of St. Joseph Hall so it can continue to provide a home for these seniors.”
St. Joseph Hall was built in 1935 by the Dominican Sisters of Peace, and served the Rosary Academy High School until it closed in 1981. In 1988, the building was renovated to create 25 apartments for seniors – 22 one-bedroom units and three two-bedroom units.
MassDevelopment - the state’s finance and development agency - works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the state.