MassHousing has closed on $22 million in financing to North Shore Community Development Coalition (NSCDC) for the redevelopment of two former school buildings near downtown Salem into 61 new affordable rental homes for residents with a range of incomes. The new housing will be developed in separate school buildings located approximately 1.5 miles apart at 160 Federal St. and 13 Hawthorne Blvd. Hawthorne Lofts will include 29 rental units with an artist preference, and the Federal Street development, Residences at St. James, will have 32 rental units, all of which will be restricted to households with at least one-member aged 62 or older.