Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, announces its near completion of Prospect Estates in Webster, Massachusetts, a 25-unit affordable housing community that is now fully leased.
Located at 10 and 41 Prospect Street, both properties known as Prospect Estates were the sites of two historic former school buildings which, prior to AHSC, were owned by the Women’s Institute for Housing and Economic Development. AHSC acquired ownership in 2021, quickly working to secure funding from EOHLC, Mass Housing, and MHIC to reposition the property and address long-term financial and physical needs of both buildings.
“We’re excited to see this project come to completion, adding essential affordable housing to the Webster community,” said Michael Mattos, president/executive director of Affordable Housing and Services Collaborative, Inc.
Affordable Housing and Services Collaborative, Inc. is a 501c3 nonprofit organization founded in 2001 to develop affordable housing, as well as to promote and enhance the quality of life for residents of affordable housing. AHSC works with its strategic partners to establish a leadership role in the preservation and creation of affordable rental communities. For more than 20 years, AHSC has been involved in many complex affordable housing developments involving new construction, historic adaptive reuse, and occupied rehabilitation. Throughout its history, the organization has been involved with 30 projects, which have helped to keep over 2,500 units affordable, as well as helped create 179 new supportive housing units within four communities for formerly homeless veterans.
