Caritas Communities

Caritas, an experienced non-profit provider of affordable housing for single-member households, is based in Braintree and owns 425 rooms in 18 properties around Greater Boston. Rooms rent typically for $105 per week, including utilities. The typical resident is a service-sector worker making $14,000 a year. The MATCH program enabled Caritas to refinance a substantial part of its portfolio (13 properties, 260 rooms) with a long-term permanent loan for 20 years at 6.20 percent interest, replacing its previous aggregate financing rate of 8.74 percent.