Housing Corporation of Arlington (HCA)

Housing Corporation of Arlington (HCA) is a well-established non-profit community development corporation dedicated to creating and preserving affordable housing in Arlington, Massachusetts. HCA operates comprehensive housing programs including affordable housing development and management, homelessness prevention services, and energy efficiency upgrades for low-income homeowners. The organization has built strong community relationships and successfully completed LIHTC deals throughout its history. In September 2025, BII provided subordinated debt financing to support HCA’s acquisition of 59 affordable housing units at 840-846 Massachusetts Avenue and 1517 Newman Way, preserving critical Naturally Occurring Affordable Housing (NOAH) in a gentrifying area. This tenant-driven acquisition serves residents across affordability levels from 30% to 80% AMI and demonstrates how strategic community partnerships can prevent displacement while building resident power through initiatives like HCA’s Tenant Council.