Transit Oriented Development
New Vision recognizes that improving quality of life starts with addressing two major expenses: housing and transportation. Transit-oriented development (TOD) is a proven strategy for reducing both, offering significant economic, environmental, and social benefits. By focusing on development near public transit, TOD reduces the need for personal vehicles, lowers transportation costs for residents, and fosters more sustainable urban growth. Additionally, TOD enhances access to jobs, services, and amenities, contributing to a more connected and resilient community. In line with these principles, New Vision is partnering with the City of Brockton to revitalize the downtown overlay district, promoting healthy, sustainable urban growth that supports both the local economy and residents' well-being. Through this collaboration, New Vision is helping to build a future where housing and transportation are more affordable, accessible, and environmentally responsible.
One Nine Residences
Role: Developer/General Contractor
Status: Completed Q1 2023
One Nine Residences, conveniently located in downtown Brockton, is the latest historic redevelopment by New Vision Enterprise. The building, which had been vacant for over two decades, posed significant challenges for rehabilitation, requiring a careful and innovative approach. Thanks to the city's Downtown Revitalization Plan, New Vision was able to acquire, redevelop, and now manage this 26,000-square-foot property. The project not only involved restoring a historic gem but also navigating through a sophisticated capital stack, including the Housing Development Incentive Program (HDIP), Federal Historic Tax Credits (HTC), and State Historic Tax Credits (MA HTC). These funding mechanisms made it possible to bring this building back to life. Today, the property houses 20 residents and provides commercial space for Neighborhood Health Center's executive team, contributing to the area's revitalization and economic growth.