MassHousing has provided $13.5 million in affordable housing financing to a joint venture consisting of Schochet Companies (Schochet) and Jonathan Rose Companies (Rose) for the preservation of affordability, property renovations and the enhancement of resident services at the 199-unit Riverside Towers for the elderly in Medford. According to the press release, as part of the transaction, the Schochet/Rose venture will implement an enhanced resident services program in partnership with Hebrew Senior Life that will focus on improving health and wellness outcomes and be supported by a part-time Wellness Coordinator, a Wellness Nurse and Fitness Instructor.
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