Affordable Housing

For the past 25 years Rockport has aided clients in developing capital solutions that enable them to fulfill their business and philanthropic goals. We take the time to fully understand the borrower, real estate and opportunity, developing innovative financing structures that create value by maximizing the potential of every property, every situation and every community.


Allegheny Commons

Pittsburgh, PA | $5,426,900
HUD section 223(f) program

RMC provided $5,426,900 million in financing under the HUD section 223(f) program for the refinance of Allegheny Commons, a 136-unit affordable housing community.


Robinson Cuticura Apartments 

Malden, MA | $16,800,000
HUD section 223(f) program

RMC provided $16,800,000 million in financing under the HUD section 223(f) program for the refinance of Robinson Cuticura Apartments.  The 94-unit multifamily community is Project Based Section 8.


Big Sky Apartments 

Billings, MT | $2,000,000
HUD section 223(a)(7) program

RMC provided $2 million in financing under the HUD section 223(a)(7)program for the refinance of Big Sky Apartments.  The 80-unit multifamily community is Project Based Section 8.


Mystic Place Apartments 

Medford, MA | $54,800,000
HUD section 223(f) program

RMC provided $54.8 million in financing under the HUD section 223(f) program for the refinance of Mystic Place Apartments.  The multifamily community consists of 465 units of both market-rate and affordable rental housing.


Norway Apartments

Boston, MA | $27,402,800
HUD section 223(f) program

RMC provided $27,402,800 in financing under the HUD section 223(f) program to refinance Norway Apartments. The 137-unit scattered site community is located in the Fenway district of Boston and is approximately 90% Project Based Section 8.


Round House Manor

Kaukauna, WI | $2,065,900
HUD section 223(f) program

RMC provided $2,065,900 in financing under the HUD section 223(f) program to refinance Round House Manor. The 49-unit community is 90% Project Based Section 8.


Terrace at Mt. Scott

Happy Valley, OR | $2,762,400
HUD section 223(f) program

RMC provided $2,762,400 in financing under the HUD section 223(f) program to refinance Terrace at Mt. Scott. The multifamily community consists of 52 units of affordable, rental housing.


Pinnacle Park Apartments

Knoxville, TN | $17,000,000
HUD Section 221(d)(4) program

RMC provided $17,000,000 in financing under the HUD Section 221(d)(4) program for the refinance and substantial rehabilitation of Pinnacle Park Apartments (formerly Arbor Place Apartments). The multifamily community consists of 200 units of low- and moderate-income housing. The complex debt structure included the use of 4% Low Income Housing Tax Credits (LIHTCs), short-term tax-exempt bonds, and multiple tranche financing.


Frances Schervier Apartments

Bronx, NY | $22,240,000
HUD Section 223 (f) program

RMC provided $22,240,000 in financing under the HUD Section 223 (f) program to refinance Frances Schervier Apartments, a 155-unit Section 202/8 Elderly project in the Bronx, NY.


Highland West

Wheat Ridge, CO | $13,814,400
HUD Section 223 (f) program

RMC provided $13,814,400 in financing under the HUD 221(d)(4) program for the substantial rehabilitation of Highland West Apartments. The multifamily community consists of 237 units.


Associated Blind Apartments

New York, NY | $64,751,000
HUD 221(d)(4) program

RMC provided $64,751,000 in financing under the HUD 221(d)(4) program for the rehabilitation of Associated Blind Apartments, a Section 202 project with 100% Section 8. The multifamily community is located in Manhattan, NY and consists of 205 units.