Affordable homeownership projects rarely make headlines for their financing. But sometimes the financing is the story—when it unlocks homes for real families and shows other developers a new path to get projects built.
That’s what happened with The Quinn at 150 Williams St. in Chelsea: a 20-unit, all–income-restricted condominium community for households making 60%–100% of area median income. We helped shape and pitch the narrative so reporters could see what mattered: not buzzwords, but a blueprint for getting affordable homes over the finish line. (Banker & Tradesman)
Media highlight
Banker & Tradesman covered the project on July 3, 2025, spotlighting how the team combined traditional public funding with an innovative $2M Bitcoin reserve used as collateral for construction bonds—a first for many readers in Greater Boston real estate. (Banker & Tradesman)
The story we set out to tell
From speculation to solution. Crypto in real estate can sound like hype. Our job was to translate a complex mechanism into plain English and ground it in community outcomes.
- What’s new: Broadway Capital set aside $2 million in Bitcoin as collateral—not as project financing, but as a tool to secure construction bonds and de-risk progress. (Banker & Tradesman)
- What’s proven: The capital stack still relied on the backbone of Massachusetts housing finance—$5.5M from MassHousing’s CommonWealth Builder program, a $3.9M low-interest loan from MHIC, and owner equity. The reserve sat alongside these sources to help the project move. (Banker & Tradesman)
- What it means: 20 one-bedroom homes, income-restricted, with completion targeted for 2026 in a neighborhood that needs attainable ownership options. (Banker & Tradesman)
Callout — The Angle
Financial innovation serving an everyday goal: make homeownership possible for working households in Chelsea—today, not five years from now.
How we framed it for press
- Lead with people, not product. We started with the need: attainable ownership for working families in Chelsea. The financing detail came second—as a means to an end.
- Make the mechanism legible. “A reserve used as bond collateral” is the one-sentence layman’s version of a technical tool.
- Show the receipts. We anchored the pitch with program names, figures, and timelines reporters could verify (CommonWealth Builder grant; MHIC loan; 2026 completion). (Banker & Tradesman)
- Add timely context. With the U.S. Senate advancing the GENIUS Act on June 17 to formalize crypto oversight, the story wasn’t just novel—it was timely. (Banker & Tradesman)
Callout — One-line pitch
“Chelsea’s all-affordable condo project pairs MassHousing and MHIC support with a $2M Bitcoin reserve to secure bonds—turning a volatile headline into homes ordinary families can afford.” (Banker & Tradesman)
Why it landed
Reporters respond to clarity + consequence. The Quinn had both.
- Clarity: numbers, programs, and roles were concrete and sourceable. (Banker & Tradesman)
- Consequence: the experiment isn’t about “crypto”—it’s about speed and certainty in closing gaps so 20 families get keys in 2026. (Banker & Tradesman)
Callout — Proof Points
- 20 income-restricted condominiums (60%–100% AMI)
- $5.5M MassHousing CommonWealth Builder grant
- $3.9M MHIC low-interest loan
- $2M Bitcoin reserve used as construction bond collateral
- Completion targeted for 2026
(All reported by Banker & Tradesman.) (Banker & Tradesman)
The bigger takeaway
Innovative financing only matters if it accelerates impact. Our role is to surface that connection—and make it unmistakable to donors, neighbors, and policymakers. With The Quinn, the narrative wasn’t “crypto meets condos.” It was “new tools, same mission: more attainable homes.” (Banker & Tradesman)
If your project needs that kind of translation—turning complexity into a story that moves stakeholders—I’d love to talk.
Credits
Reporting via Banker & Tradesman (Steve Adams, July 3, 2025). Photos courtesy of Broadway Capital. (Banker & Tradesman)
