Governor Charlie Baker announced Dorchester Bay Economic Development Corporation (DBEDC) as one of 28 state-wide recipients of the 2019 Affordable Rental Housing Awards. The award will support the renovation of Dudley Terrace Apartments, a 56-unit affordable housing development in Boston’s Dorchester neighborhood. The project will include funding from the Department of Housing and Community Development (DHCD) with Low Income Housing Tax Credits (LIHTC), subsidy funds, and additional local funding from the City of Boston. Community Economic Development Assistance Corporation (CEDAC) has provided critical pre-development support for the project.
The rental units located in four scattered-site buildings on Dorchester Avenue, Massachusetts Avenue, Roach Street, and Dudley Terrace offer 56 units of affordable rental housing to households earning less than 60% of AMI. Twenty units are further restricted for extremely low-income households earning less than 30% of AMI, including formerly homeless households. Three units will be set aside for residents who receive services from the Department of Mental Health.
Dorchester Bay is committed to serving Dorchester’s low-income residents and expanding affordable housing opportunities. The renovation of Dudley Terrace Apartments is in keeping with Dorchester Bay’s commitment to ensuring that Dorchester residents can remain and thrive in their neighborhoods.
“Dorchester Bay is committed to preserving Dudley Terrace Apartments as high-quality, affordable homes into the future. Of particular importance, this funding will improve the air quality and comfort of residents by improving ventilation, windows, and building envelopes. Not only are these homes affordable, but they are close to public transportation and jobs – important factors for residents,” said K. Beth O’Donnell, Director of Real Estate Development at Dorchester Bay Economic Development Corporation.
About Dorchester Bay Economic Development Corporation
Dorchester Bay Economic Development Corporation (DBEDC) is a community development corporation founded by local civic associations in 1979 to address the problems of economic disinvestment, unemployment, crime, community tensions and the shortage of quality affordable housing undermining Boston’s Dorchester neighborhoods. Over the last 40 years, we have worked in partnership with local leaders and stakeholders to build and preserve 1,100 units of affordable housing and over 200,000 square feet of commercial space, to engage residents in community life, and to support a robust economy through small business support and economic development. The structures we have built are physical manifestations of our work, but at its core, our work is about strengthening our community, which is made up of the people who live and work in our neighborhood.