Eastern Bank Provides Financing For 775 Huntington Avenue, A Mixed‑Income Residential Development In Boston’s Mission Hill Neighborhood

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The 13‑story development will create 57 affordable rental units and 55 mixed‑income homeownership units for households in Mission Hill

BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to announce financing for 775 Huntington Avenue, a new mixed-income residential development located in the Mission Hill neighborhood of Boston. Sponsored by Roxbury Tenants of Harvard (RTH), the project will create 55 mixed-income homeownership units, comprised of 27 affordable homes and 28 market‑rate homes, and 57 affordable rental units within a new 13‑story building that also includes commercial space and structured parking. Eastern is serving as the lead lender, providing a $68.6 million construction financing package supporting both the rental and homeownership components.

RTH is a long-standing, resident-controlled nonprofit in Mission Hill providing more than 1,000 housing units as well as extensive resident services, including food programs, fitness and wellness offerings, youth programs, and community engagement initiatives. “This project allows us to continue serving Mission Hill residents with high‑quality homes and meaningful resident‑centered services,” said Karen Gately, Executive Director of Roxbury Tenants of Harvard. “Eastern Bank’s deep understanding of community development financing was instrumental in helping us shape a development that brings both rental and homeownership opportunities to families across income levels. Their support strengthens long-term housing stability and access within our community.”

“775 Huntington Avenue brings together several distinct housing types in one coordinated development, requiring thoughtful structuring and close collaboration," said Pam Feingold, Senior Vice President and Group Director of Community Development Lending of Eastern Bank. "We are proud to support Roxbury Tenants of Harvard in advancing more affordable housing for Mission Hill residents for years to come.”

Eastern provides a range of community development financing offerings to fund the development of affordable housing and support the credit needs of nonprofits. Community development lending solutions include construction and real estate financing, working capital lines of credit, multi-layered leverage loans for both New Market and Low-Income Housing Tax Credit projects, tax-exempt bond financing, and highly sophisticated treasury services and deposit products.

The Community Development Lending team advising the 775 Huntington Avenue Project was led by Senior Vice President and Group Director of Community Development Lending Pam Feingold; Senior Vice President, Community Development Lending Team Leader Yongmei Chen; and Senior Vice President, Community Development Lending Relationship Manager Angela Meehan.

About Eastern Bank

Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with more than 125 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of December 31, 2025, Eastern had approximately $30.6 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking Divisions, which include the largest bank-owned independent investment adviser in Massachusetts with $9.6 billion in assets under management. Eastern takes pride in its advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn and Instagram. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312616670/en/

Media contact:
Andrea Goodman
Eastern Bank
a.goodman@easternbank.com
781-598-7847

Investor contact:
Andrew Hersom
Eastern Bankshares, Inc.
a.hersom@easternbank.com
617-897-1177

Source: Eastern Bank