Hudson Valley Property Group Marks Massachusetts Debut with $52.5M Boston Acquisition

HVPG marks its Massachusetts debut by acquiring 133 affordable units in Boston’s Dorchester neighborhood, backed by Fannie Mae and HUD preservation contracts.

By: AXL Media

Published: Mar 12, 2026, 6:38 AM EDT

Source: https://www.multihousingnews.com/

Preservation Strategy and Modernization Plan

The properties, originally constructed between 1890 and 1920, are set to undergo a comprehensive $6.4 million renovation ($48,000 per unit). HVPG's 12-month capital improvement plan includes:

Energy Efficiency: Installation of Energy Star appliances and LED lighting.

Security Enhancements: Upgraded security cameras and on-site guard services through HVPG’s Community Enhancement Program.

Resident Services: A partnership with Pinata to provide renters' insurance and credit reporting services to help tenants build financial health.

Securing Long-Term Affordability