Author: Cruz Admin

BOSTON – Wednesday, December 23, 2015 – Cruz Companies hosted its first annual youth holiday celebration in Roxbury this week at the Yawkey Boys and Girls Club. Dozens of children and families from Cruz properties attended the event and received gifts and took pictures with Santa.

“We are proud to share the holiday cheer with neighborhood children and families, and hope this great event will continue for years to come,” said Cruz Companies President John B. Cruz III.

“Our motto is ‘Cruz Cares’ and our mission is giving back to the community in as many ways as possible.”

About Cruz Companies: The John B. Cruz Construction Company of Roxbury is one of the largest and oldest minority-owned construction companies in the nation, responsible for landmark projects and developments across the region.

BEVERLY – Nov. 5, 2015 – Cruz Development Corporation, an affiliate of John B. Cruz Construction, one of the largest and oldest minority-owned companies in Boston, has announced that Armond McCoy has joined the company as real estate project manager to further grow and enhance Cruz’s residential, commercial and mixed use project portfolio.
“We are excited to welcome Armond to the team,” said John Cruz, president and CEO of John B. Cruz Construction. “When it comes to investing in the community, our motto is ‘Cruz Cares’, and Armond certainly shares our commitment to increasing affordable housing and economic opportunities, thus improving the quality of life for all residents.”

​BOSTON – Tuesday, December 8, 2015 – Members of Boston’s Roxbury community joined together Tuesday evening to celebrate Cruz Companies’ 30th Annual Tree Lighting Ceremony at the Cox Building.

“Our motto is ‘Cruz Cares’ and our mission is giving back to the community through increasing affordable housing opportunities, providing good jobs to area residents and hiring other minority businesses,” said Cruz Companies President John B. Cruz III.

Roxbury, MA – Members of Boston’s Roxbury community joined together Tuesday evening to celebrate Cruz Companies’ 30th Annual Tree Lighting Ceremony at the Cox Building.

“Our motto is ‘Cruz Cares’ and our mission is giving back to the community through increasing affordable housing opportunities, providing good jobs to area residents and hiring other minority businesses,” said Cruz Companies President John B. Cruz III.

“We are delighted to bring members of the community together to celebrate the holidays as part of this 30-year-annual tradition,” said Cruz Companies President John B. Cruz III. “Our motto is ‘Cruz Cares’ and our mission is giving back to the community through increasing affordable housing opportunities, providing good jobs to area residents and hiring other minority businesses.”

“It’s wonderful to be here with Cruz Construction to share with the families Christmas,” said State Rep. Russell Holmes. “It is also great to see the good work that they do throughout the community during the whole year.”

“It is wonderful to have the Christmas spirit right here in John Elliot Square with a family that is synonymous with Roxbury,” said Boston City Councilor Tito Jackson. “The Cruz family has done so much for this community and just continues to give back.”

“We are so delighted to partner with Cruz because they have a wonderful, respected reputation in the community,” said the Rev. Mary Margaret Earl, senior minister and executive director of the Unitarian Universalist Urban Ministry. “We really want the urban ministry to be a welcoming hub for the community.”

About Cruz Companies: The John B. Cruz Construction Company of Roxbury is one of the largest and oldest minority-owned construction companies in the nation responsible for landmark projects and developments across the region.

WAYNE AT COLUMBIA REDEVELOPS 83 UNITS OF AFFORDABLE HOUSING IN BOSTON WITH $20 MILLION MASSDEVELOPMENT BOND

MassDevelopment has issued a $20 million tax-exempt bond on behalf of Wayne at Columbia, LLC, which will use bond proceeds to purchase and renovate seven buildings containing 83 units of affordable housing in Boston’s Dorchester and Mattapan neighborhoods.

The Wayne at Columbia project is part of the overall redevelopment of the Wayne Apartments project, a scattered site development serving 349 lower-income households in Roxbury, Dorchester, and Mattapan. The Wayne at Columbia project developer, Cruz Development Corporation of Roxbury, was also the developer of the Wayne at Franklin Hill community, a major renovation of 72 units of affordable housing that used proceeds from a $9.9 million MassDevelopment bond for the purchase and renovation of the units.

“Greater availability of attractive affordable housing is a priority for both Boston and the Commonwealth,” said MassDevelopment President and CEO Marty Jones. “Making these 83 units safer, more comfortable, and more energy efficient will benefit Mattapan and Dorchester residents as part of the overall revitalization taking place in these neighborhoods.”

Renovations for Wayne at Columbia will include new kitchens, new bathrooms, new heating systems, new roofs, new windows, extensive masonry and re-pointing, asbestos and lead abatement, new and refurbished flooring, painting, and installation of a sprinkler system.

“In the complex world of today’s multi-lender housing deals, it is nice to work with an organization whose knowledge and sophistication makes the transaction run that much smoother,” said Daniel Cruz, Jr., Vice President of Cruz Development Corporation. “We are proud to partner with MassDevelopment on this project to improve the quality of affordable housing for the community.”

All 83 units at Wayne at Columbia will be rented to households earning no more than 60% of the area median income. In addition to the tax-exempt bond financing, MassDevelopment assisted the Department of Housing and Community Development with the approval of federal low income housing tax credits, which will generate approximately $9.3 million in equity.

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2014, MassDevelopment financed or managed 314 projects generating investment of more than $2.9 billion in the Massachusetts economy. These projects are projected to create more than 6,300 jobs and build or rehabilitate more than 1,600 residential units.