Franklin Square Apartments

Franklin Square Apartments, located in Boston’s South End, has had a long history of housing the city’s underserved populations. Prior to its conversion to housing for the elderly and disabled, the Franklin Square House served as a dormitory for young working women at the turn of the 20th century when there was little safe and affordable housing for them.

Franklin’s central location in the City of Boston and proximity to major hospitals, entertainment and shopping areas made it a prime candidate for market rate conversion. The risk of conversion was even more imminent around the time of its sale because the HAP (Section 8) contract and mortgage financing was scheduled to mature in 2018.

One of the six properties in a portfolio purchased by the State Street Development Management Corporation portfolio, the successful acquisition and rehab of the Franklin Square House was dependent on POAH’s ability to acquire all of the properties simultaneously. The previous owner’s ongoing litigations with its lender created implications to refinancing the portfolio and applying for low income housing tax credit.

Every unit in the property received new windows, kitchens and bathroom. Upgrades to life safety as well as common area improvements were also included in the renovations. POAH is most proud of its work to revamped the exterior handicap ramps and create an inviting and cherished outdoor space for its residents.

Franklin Square partners with Boston University students and South End Community Health Center, POAH offers programs such as Free Bread Delivery and Health Screening.