Boston's 775 Huntington Avenue Development to Provide Affordable Housing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy EBC?
Source: Newsfilter
- Housing Development Plan: The 775 Huntington Avenue project will create 57 affordable rental units and 55 mixed-income homeownership units, including 27 affordable homes and 28 market-rate homes, catering to families across various income levels.
- Financing Support: Eastern Bank, serving as the lead lender, is providing a $68.6 million construction financing package that supports both the rental and homeownership components, ensuring the project's smooth progression and enhancing housing stability in the community.
- Commitment to Community Services: Sponsored by Roxbury Tenants of Harvard, the project aims to provide high-quality housing and extensive resident services, including food programs and wellness offerings, thereby improving the quality of life for Mission Hill residents.
- Long-term Impact: This development not only promotes the construction of affordable housing but also strengthens long-term housing stability and accessibility in the Mission Hill community through diverse housing types and community development financing solutions.
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Analyst Views on EBC
Wall Street analysts forecast EBC stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.160
Low
20.00
Averages
21.90
High
23.00
Current: 19.160
Low
20.00
Averages
21.90
High
23.00
About EBC
Eastern Bankshares, Inc. is the holding company for Eastern Bank (The Bank). Eastern Bank is a local bank with approximately 109 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division. Its diversified products and services include lending, deposit, and wealth management. offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eastern Bank Appoints New Chief People Officer
- Executive Promotion: Eastern Bank has announced the promotion of Jennifer Wambold to Executive Vice President and Chief People Officer, joining the Management Committee, which is expected to further drive the company's talent strategy and employee experience.
- HR Strategy: Since joining Eastern in 2025, Wambold has led compensation, benefits, and recognition strategies, successfully implementing competitive compensation programs that enhance talent attraction and retention capabilities.
- Extensive Experience: Wambold brings over 30 years of human resources management experience, having served as Chief People Officer at XR Extreme Reach, where she drove global transformation, showcasing her leadership in change management.
- Cultural and Data Integration: Known for uniting culture with data-driven decision-making, she has received multiple industry honors, and is expected to further enhance Eastern Bank's team cohesion and business performance.
See More
Boston's 775 Huntington Avenue Development to Provide Affordable Housing
- Housing Development Plan: The 775 Huntington Avenue project will create 57 affordable rental units and 55 mixed-income homeownership units, including 27 affordable homes and 28 market-rate homes, catering to families across various income levels.
- Financing Support: Eastern Bank, serving as the lead lender, is providing a $68.6 million construction financing package that supports both the rental and homeownership components, ensuring the project's smooth progression and enhancing housing stability in the community.
- Commitment to Community Services: Sponsored by Roxbury Tenants of Harvard, the project aims to provide high-quality housing and extensive resident services, including food programs and wellness offerings, thereby improving the quality of life for Mission Hill residents.
- Long-term Impact: This development not only promotes the construction of affordable housing but also strengthens long-term housing stability and accessibility in the Mission Hill community through diverse housing types and community development financing solutions.
See More
Eastern Bank Appoints New Senior Trust Officer
- New Senior Trust Officer: Eastern Bank has appointed Judith L. Bomster as Senior Vice President and Senior Trust Officer, bringing over 25 years of legal experience focused on private trust administration, which is expected to enhance the bank's client service capabilities in New Hampshire.
- Rich Professional Background: Bomster previously served as Senior Attorney and Head of the Estate Planning Practice Group at Morneau Law and was a Shareholder at Sheehan Phinney Bass & Green, her extensive background will strengthen the firm's advisory capabilities in complex trust structures.
- Industry Leadership: As a Fellow of the American College of Trust and Estate Counsel, Bomster's leadership experience in special needs and estate planning will provide deeper legal support for clients, further solidifying Eastern Bank's market position.
- Emphasis on Client Relationships: Bomster emphasizes the importance of building strong relationships with clients, and her addition is expected to drive improvements in Eastern Bank's service quality in financial planning and investment management, aiding clients in achieving multigenerational wealth transfer.
See More
Eastern Bank Appoints New Senior Trust Officer
- Extensive Legal Experience: Judith L. Bomster brings over 25 years of legal expertise, particularly in trust and estate administration and special needs planning, enhancing Eastern Bank's client service capabilities in New Hampshire with her blend of technical knowledge and compassion.
- Strengthened Leadership Role: Having previously served as Senior Attorney and Head of the Estate Planning Practice Group at Morneau Law, her addition will bolster Eastern Bank's advisory capabilities in complex trust structures and multigenerational planning, aiding clients in better managing their financial resources.
- Active Industry Participation: As a Fellow of the American College of Trust and Estate Counsel, Bomster has held leadership roles in the New Hampshire Bar Association's Ethics Committee and has published extensively on trusts, estates, and special needs planning, thereby enhancing the firm's industry reputation.
- Emphasis on Client Relationships: Bomster underscores the importance of building strong relationships with clients to assist families in financial planning during transitional periods, reflecting Eastern Bank's client-centric service philosophy, which is expected to further enhance customer loyalty and market competitiveness.
See More
Eastern Bank Achieves 100% on Corporate Equality Index for Twelfth Year
- Perfect Score on CEI: Eastern Bank has achieved a score of 100 on the 2026 Corporate Equality Index for the twelfth consecutive year, joining 534 U.S. businesses recognized for their leadership in LGBTQ+ workplace inclusion.
- Culture and Community Engagement: Through its Equality Under the Blue Employee Resource Group, Eastern Bank actively engages with senior leadership on LGBTQ+ issues, promoting inclusive workplace practices and organizing Pride events each June to enhance community involvement.
- Evaluation Standards and Awards: The CEI serves as a leading benchmarking tool for assessing LGBTQ+ workplace inclusion practices, and Eastern Bank's compliance with all criteria has earned it the Equality 100 Award, further solidifying its reputation in the industry.
- Assets and Social Responsibility: As of December 31, 2025, Eastern Bank had approximately $30.6 billion in assets and has contributed over $240 million to charitable causes since 1994, demonstrating its commitment to community support and advocacy.
See More
Eastern Bank Achieves 12th Year of Perfect Score in LGBTQ+ Inclusion
- Perfect Score Recognition: Eastern Bank has achieved a score of 100 on the Human Rights Campaign Foundation's 2026 Corporate Equality Index for the twelfth consecutive year, highlighting its leadership in LGBTQ+ workplace inclusion among 534 honored businesses.
- Cultural and Community Engagement: Through its Equality Under the Blue Employee Resource Group, Eastern Bank actively engages with senior leadership on LGBTQ+ community issues, advancing inclusive workplace practices and organizing Pride activities each June to enhance community involvement.
- Evaluation Criteria: The 2026 Corporate Equality Index assesses companies based on four core pillars: non-discrimination policies, equitable benefits, inclusive culture, and community engagement, with Eastern Bank excelling in all areas and receiving the Equality 100 Award.
- Assets and Impact: As of December 31, 2025, Eastern Bank had approximately $30.6 billion in assets, and as Greater Boston's leading local bank, it has contributed over $240 million in charitable giving, reflecting its commitment to social responsibility.
See More
Eastern Bank Appoints New Chief People Officer
- Executive Promotion: Eastern Bank has announced the promotion of Jennifer Wambold to Executive Vice President and Chief People Officer, joining the Management Committee, which is expected to further drive the company's talent strategy and employee experience.
- HR Strategy: Since joining Eastern in 2025, Wambold has led compensation, benefits, and recognition strategies, successfully implementing competitive compensation programs that enhance talent attraction and retention capabilities.
- Extensive Experience: Wambold brings over 30 years of human resources management experience, having served as Chief People Officer at XR Extreme Reach, where she drove global transformation, showcasing her leadership in change management.
- Cultural and Data Integration: Known for uniting culture with data-driven decision-making, she has received multiple industry honors, and is expected to further enhance Eastern Bank's team cohesion and business performance.
See More
Boston's 775 Huntington Avenue Development to Provide Affordable Housing
- Housing Development Plan: The 775 Huntington Avenue project will create 57 affordable rental units and 55 mixed-income homeownership units, including 27 affordable homes and 28 market-rate homes, catering to families across various income levels.
- Financing Support: Eastern Bank, serving as the lead lender, is providing a $68.6 million construction financing package that supports both the rental and homeownership components, ensuring the project's smooth progression and enhancing housing stability in the community.
- Commitment to Community Services: Sponsored by Roxbury Tenants of Harvard, the project aims to provide high-quality housing and extensive resident services, including food programs and wellness offerings, thereby improving the quality of life for Mission Hill residents.
- Long-term Impact: This development not only promotes the construction of affordable housing but also strengthens long-term housing stability and accessibility in the Mission Hill community through diverse housing types and community development financing solutions.
See More
Eastern Bank Appoints New Senior Trust Officer
- New Senior Trust Officer: Eastern Bank has appointed Judith L. Bomster as Senior Vice President and Senior Trust Officer, bringing over 25 years of legal experience focused on private trust administration, which is expected to enhance the bank's client service capabilities in New Hampshire.
- Rich Professional Background: Bomster previously served as Senior Attorney and Head of the Estate Planning Practice Group at Morneau Law and was a Shareholder at Sheehan Phinney Bass & Green, her extensive background will strengthen the firm's advisory capabilities in complex trust structures.
- Industry Leadership: As a Fellow of the American College of Trust and Estate Counsel, Bomster's leadership experience in special needs and estate planning will provide deeper legal support for clients, further solidifying Eastern Bank's market position.
- Emphasis on Client Relationships: Bomster emphasizes the importance of building strong relationships with clients, and her addition is expected to drive improvements in Eastern Bank's service quality in financial planning and investment management, aiding clients in achieving multigenerational wealth transfer.
See More
Eastern Bank Appoints New Senior Trust Officer
- Extensive Legal Experience: Judith L. Bomster brings over 25 years of legal expertise, particularly in trust and estate administration and special needs planning, enhancing Eastern Bank's client service capabilities in New Hampshire with her blend of technical knowledge and compassion.
- Strengthened Leadership Role: Having previously served as Senior Attorney and Head of the Estate Planning Practice Group at Morneau Law, her addition will bolster Eastern Bank's advisory capabilities in complex trust structures and multigenerational planning, aiding clients in better managing their financial resources.
- Active Industry Participation: As a Fellow of the American College of Trust and Estate Counsel, Bomster has held leadership roles in the New Hampshire Bar Association's Ethics Committee and has published extensively on trusts, estates, and special needs planning, thereby enhancing the firm's industry reputation.
- Emphasis on Client Relationships: Bomster underscores the importance of building strong relationships with clients to assist families in financial planning during transitional periods, reflecting Eastern Bank's client-centric service philosophy, which is expected to further enhance customer loyalty and market competitiveness.
See More
Eastern Bank Achieves 100% on Corporate Equality Index for Twelfth Year
- Perfect Score on CEI: Eastern Bank has achieved a score of 100 on the 2026 Corporate Equality Index for the twelfth consecutive year, joining 534 U.S. businesses recognized for their leadership in LGBTQ+ workplace inclusion.
- Culture and Community Engagement: Through its Equality Under the Blue Employee Resource Group, Eastern Bank actively engages with senior leadership on LGBTQ+ issues, promoting inclusive workplace practices and organizing Pride events each June to enhance community involvement.
- Evaluation Standards and Awards: The CEI serves as a leading benchmarking tool for assessing LGBTQ+ workplace inclusion practices, and Eastern Bank's compliance with all criteria has earned it the Equality 100 Award, further solidifying its reputation in the industry.
- Assets and Social Responsibility: As of December 31, 2025, Eastern Bank had approximately $30.6 billion in assets and has contributed over $240 million to charitable causes since 1994, demonstrating its commitment to community support and advocacy.
See More
Eastern Bank Achieves 12th Year of Perfect Score in LGBTQ+ Inclusion
- Perfect Score Recognition: Eastern Bank has achieved a score of 100 on the Human Rights Campaign Foundation's 2026 Corporate Equality Index for the twelfth consecutive year, highlighting its leadership in LGBTQ+ workplace inclusion among 534 honored businesses.
- Cultural and Community Engagement: Through its Equality Under the Blue Employee Resource Group, Eastern Bank actively engages with senior leadership on LGBTQ+ community issues, advancing inclusive workplace practices and organizing Pride activities each June to enhance community involvement.
- Evaluation Criteria: The 2026 Corporate Equality Index assesses companies based on four core pillars: non-discrimination policies, equitable benefits, inclusive culture, and community engagement, with Eastern Bank excelling in all areas and receiving the Equality 100 Award.
- Assets and Impact: As of December 31, 2025, Eastern Bank had approximately $30.6 billion in assets, and as Greater Boston's leading local bank, it has contributed over $240 million in charitable giving, reflecting its commitment to social responsibility.
See More
