Affordable Housing Finance Magazine 2019 Readers’ Choice Award: Historic Rehab Category – The Union at 48 Boylston

We are excited to announce that The Union at 48 Boylston was chosen as the historic rehab winner in Affordable Housing Finance magazines 2019 Readers’ Choice Awards!

The Union at 48 Boylston was the result of a partnership between St. Francis House, the largest multi-service center for adults experiencing homelessness in the City of Boston, and the Planning Office for Urban Affairs (POUA).

Purchased in 2016, 48 Boylston has since been completely redeveloped by St. Francis House and POUA to provide much needed affordable housing in the community, creating 46 units of affordable housing. The completed development includes units to serve people who have experienced homelessness and others with very modest incomes. Twenty-six of the units are reserved for individuals earning less than 30% of the area median income.

Man stands in his kitchen in The Union at 48 looking happy and comfortable
Stephen has been a happy resident of The Union since May 2019. “Feeling at home… there’s just nothing like it. I have my own couch, I have my own bed. I get to put art on my walls. It doesn’t get any better than this.”

A designated Boston Landmark listed on the National Register of Historic Places, the building was constructed in 1875 and was originally operated by the Boston Young Men’s Christian Union (BYMCU) for more than 150 years to provide a variety of social, recreational and service programs. In keeping with the building’s history, the 48 Boylston development will also provide benefits beyond housing including new employment training opportunities through a partnership with The Urban Hound, a dog day care facility, and the ability to establish a brand-new recovery support center at St. Francis House.

Taken together, this building project has not only created critical affordable housing, but has opened the doors for St. Francis House to explore and implement new employment training and expand our social services for the vulnerable populations of Boston.

Read more about the AHF 2019 Readers Choice Awards: https://www.housingfinance.com/developments/ahf-announces-2019-readers-choice-award-winners_o

St. Francis House is excited to attend the AHF Live: 2019 Affordable Housing Developers Summit and award ceremony November 18 – 20 at the Hyatt Regency in Chicago.

…

Developers: Planning Office for Urban Affairs and St. Francis House

Architect: The Architectural Team

General Contractor: Gilbane Construction

Major Funders: Bank of America Merrill Lynch; commonwealth of Massachusetts (Department of Housing and Community Development, Community Economic Development Assistance Corp., and MassHousing); city of Boston (Department of Neighborhood Development and Neighborhood Housing Trust); Massachusetts Historical Commission; National Park Service; Federal Home Loan Bank of Boston; Eastern Bank

SourceSt. Francis House

Walker Park Apartments and Delphine’s Courtyard Opened

Mayor Martin J. Walsh today joined the community development agency Urban Edge, elected officials, community leaders and neighbors to celebrate the opening of the Walker Park Apartments and Delphine’s Courtyard, consisting of 49 units of affordable family housing and a pocket park in Egleston Square. The City of Boston’s Department of Neighborhood Development and the Community Preservation Fund provided more than $2.8 million in total for the new homes and courtyard.

“Today we celebrate the creation of 49 new affordable homes, a crucial step forward in our goal of preserving our neighborhoods,” said Mayor Walsh. “Along with our partners, the City of Boston is making big investments in Egleston Square, increasing opportunity for families and helping us keep housing affordable and accessible. I want to thank Urban Edge and everyone involved in this project for their work in making these new affordable homes possible.”

Mayor Walsh with members of the Walker family.

The Walker Park Apartments redeveloped three formerly vacant or underutilized parcels adjacent to the Egleston Square Branch of the Boston Public Library and in the Egleston Square Main Street District. The development is named for longtime community activist Delphine Walker, whose home stood on one of the development sites. All of the 49 new apartments have been rented to households who earn at or below 60 percent of the Area Median Income (AMI), including eight apartments reserved for families earning 30 percent of AMI or below.

“Urban Edge is proud that we have led investment in Egleston Square and is doing so in a way that honors the neighborhood’s past while providing more opportunities for quality housing for members of the community,” said Natacha Dunker, president of Urban Edge’s Board of Directors. “We are so grateful to Mayor Walsh, the Department of Neighborhood Development, and all of our funders for their support of this important project.”

“Today, we celebrate another victory for our city and community: new construction of 49 income-restricted units and 34 off-street parking spots,” said State Representative Liz Malia (D-11th Suffolk). “This is exactly the type of housing we need to build in Boston and specifically in the Egleston Square Neighborhood. The face of our community depends on it, and I’m grateful to Urban Edge and the City for having the long-term vision to realize this project and others like it.”

The Walker Park Apartments now boast 13 one-bedroom, 28 two-bedroom, and eight three-bedroom family apartments, an elevator for accessibility, on-site laundry facilities, on-site parking, and Delphine’s Courtyard funded by the Community Preservation Fund. In accordance with state guidelines, funds generated from the Community Preservation Act fund for affordable housing, historic preservation, and parks and open space projects.

“My mother bought her home in Roxbury at a time when many people were not making investments in this community, and she worked with others to strengthen Egleston Square as a neighborhood,” said Pamela Walker, daughter of Delphine Walker. “We are so grateful that Urban Edge has honored her by naming both the apartment complex and the courtyard after her.”

“Since I moved to Walker Park, my life feels different. I can see how my children always have a smile on their faces,” said Cassandra Amazan, a resident of Walker Park Apartments. “It was a great feeling seeing them choosing their own room and making plans of how they would decorate them. It is not only about having or walking in to my own apartment now, it’s about feeling accomplished in many ways and that this is opening new doors for me and my family.”

In accordance with the City of Boston’s Green Affordable Housing Program, Walker Park Apartments will utilize a high-efficiency heating system as well as Energy Star rated appliances. The development employs environmentally friendly design features that meets the U.S. Green Building Council LEED Homes Silver certifiable standard. The development also met the U.S. Environmental Protection Agency’s Energy Star standards. The development team is made up of Urban Edge, Prellwitz Chilinski Associates, and NEI General Contracting, Inc.

The Walker Park Apartments have been made possible by funding from the City of Boston, and State and Federal Low Income Housing Tax Credits from the Commonwealth’s Department of Housing and Community Development (DHCD). Financing team members also included Bank of America Merrill Lynch, Brookline Bank, the Community Economic Development Assistance Corporation, MassDevelopment, MassHousing, Massachusetts Housing Investment Corporation, Massachusetts Housing Partnership, US Bank Corporation, and the US Department of Housing and Urban Development.

Walker Park Apartments strongly aligns with the City’s housing goals outlined in Housing a Changing City: Boston 2030. Mayor Walsh recently increased the City’s overall housing targets from 53,000 to 69,000 new units by 2030 to meet Boston’s population growth. These updated housing goals build on Mayor Walsh’s commitment to increasing access to home ownership, preventing displacement and promoting fair and equitable housing access.

Since the release of the original Housing a Changing City: Boston 2030 plan in 2014, income-restricted housing stock, designed to increase affordable housing, has grown along with overall new production: nearly 20 percent of housing units are income restricted, and 25 percent of rental units are income restricted. In total, after creating an additional 15,820 units of income-restricted housing, Boston will have nearly 70,000 units of income-restricted housing by 2030.

Mayor Walsh’s 2019 housing security legislative package focuses on expanding upon the work that Boston has done to address the region’s affordable housing crisis and displacement risks for tenants by proposing new and strengthening current tools to leverage Boston’s prosperity and create sustainable wealth opportunities that make Boston a more inclusive and equitable city. The housing security bills proposed seek to help existing tenants, particularly the elderly, remain in their homes, and creates additional funding for affordable housing.

For more information on the City’s work to create more housing, please visit: Housing A Changing City: Boston 2030.

###Delp

SourceMayor's Office

Mayor Walsh and residents celebrate preservation of affordable housing in Lower Roxbury

Building on his commitment to preserve affordable housing in Boston, Mayor Martin J. Walsh today joined the Fenway Community Development Corporation, their development partner Schochet Companies and Lower Roxbury residents to celebrate the acquisition and preservation of 97 affordable housing units at the Newcastle/Saranac Apartments.

“Preserving Boston’s affordability is key to ensuring everyone who wants to live here can afford to do so, and I’m particularly pleased our commitment to the Newcastle/Saranac Apartments will both preserve and renovate 97 units of our existing affordable housing stock,” said Mayor Walsh. “I want to thank the Fenway CDC and our partners for working with us to make sure families can stay in their homes. Together, we’re protecting long-time residents from displacement, and we’re helping maintain the character of this community.”

The preservation of the units is made possible through Inclusionary Development Policy (IDP) off-site unit contributions by three housing development projects: 60 Kilmarnock Street, 1000 Boylston Street, and 212 Stuart Street, negotiated by the Boston Planning & Development Agency (BPDA). IDP requires that market-rate housing developments with 10 or more units and need zoning relief contribute to income-restricted housing.

“Newcastle/Saranac has been my home for years, I raised my family here and I love this neighborhood,” said Patricia Rogers, a 30-year resident of Newcastle/Saranac Apartments. “This building is in a convenient location, but the best part of living here is my neighbors. We look out for each other. I want to thank the Mayor, Fenway CDC and all of the people here today for helping us stay in our homes.”

The City’s Department of Neighborhood Development (DND) worked with the Fenway CDC to acquire the building and assist in the plan for the renovation of its 97 apartments, located on Columbus Avenue and Northampton Street in Lower Roxbury. Newcastle Saranac’s long-term affordability restrictions were set to expire as the former owners paid off the mortgage they’d received using the MassHousing 13A program. If the building converted to market-rate, all of the tenants were likely to be displaced from homes they had lived in for decades. With help from City of Boston, Fenway CDC was able to purchase the building from its owners, protecting existing tenants from displacement, and preserving the long-term affordability of this mixed-income development.

“You know the old saying ‘It takes a village?’ Well, in order to save 97 units of affordable housing at Newcastle/Saranac, it took the City of Boston, the Commonwealth, and numerous quasi-public entities, banks and investors to rescue these apartments,” said Leah Camhi, executive director of the Fenway CDC. “The families at Newcastle/Saranac are now guaranteed affordable homes for years to come due to all their herculean efforts.”

The Newcastle/Saranac acquisition and preservation was made possible with the significant support from the City’s Department of Neighborhood Development, the Boston Planning & Development Agency, the State’s Department of Housing and Community Development, MassDevelopment, MassHousing, Massachusetts Housing Investment Corp and the Community Economic Development Assistance Corporation.

Today’s celebration builds on the release of Housing a Changing City: Boston 2030, Boston’s latest quarterly housing report, and the City’s overall housing goal of 69,000 new units by 2030, to meet Boston’s faster than expected population growth. These 69,000 new units include 15,820 new income-restricted units, which would elevate Boston’s income-restricted inventory total to 70,000, or one in five of all housing units. In addition, the plan set a goal to preserve 85 percent of Boston’s most at-risk privately-owned affordable units, and to purchase 1,000 units of rental housing stock from the speculative market and income-restrict them for perpetuity.

Mayor Walsh’s 2019 housing security legislative package focuses on expanding upon the work that Boston has done to address the region’s affordable housing crisis and displacement risks for tenants. The housing security bills proposed seek to help existing tenants, particularly older adults, remain in their homes, and creates additional funding for affordable housing.

SourceSampan

‘Herculean’ Efforts Preserve 97 Affordable Units in Lower Roxbury

A partnership led by the Fenway Community Development Corp. will renovate and preserve affordability for 97 housing units in Lower Roxbury.

The Fenway CDC and development partner Schochet Cos. of Braintree acquired the Newcastle/Saranac Apartments at Columbus Avenue and Northampton Street in January. Affordability restrictions were set to expire as the former owners paid off the mortgage they received from MassHousing’s 13A program, threatening displacement for residents of 97 units that could have been converted into market-rate housing.

“It took the city of Boston, the commonwealth, and numerous quasi-public entities, banks and investors to rescue these apartments,” Leah Camhi, executive director of the Fenway CDC, said at a groundbreaking ceremony Wednesday. “The families at Newcastle/Saranac are now guaranteed affordable homes for years to come due to all their herculean efforts.”

Funding was provided through Boston’s inclusionary development policy off-site contributions from three projects: 1000 Boylston St., 60 Kilmarnock St. and 212 Stuart St. The policy requires developers who don’t include income-restricted units on-site to make cash payments to support affordable housing in the surrounding area.

Additional funding came from the city’s Department of Neighborhood Development, the Boston Planning & Development Agency, Massachusetts Department of Housing and Community Development, MassDevelopment, MassHousing, Massachusetts Housing Investment Corp. and the Community Economic Development Assistance Corporation.

Members of the project team include The Architectural Team, attorneys Klein Hornig and Holland & Knight, Keith Construction, development consultant David Levy and Community Square Assoc.

SourceBanker & Tradesman

Affordable Housing in Lower Roxbury Preserved

Celebration of affordable housing in Lower Roxbury

“Newcastle/Saranac has been my home for years, I raised my family here and I love this neighborhood,” said Patricia Rogers, a 30-year resident of Newcastle/Saranac Apartments. “This building is in at a convenient location, but the best part of living here is my neighbors. We look out for each other. I want to thank the Mayor, Fenway CDC and all of the people here today for helping us stay in our homes.”

Mayor Walsh’s 2019 housing security legislative package focuses on expanding upon the work that Boston has done to address the region’s affordable housing crisis and displacement risks for tenants. The housing security bills proposed seek to help existing tenants, particularly older adults, remain in their homes, and creates additional funding for affordable housing.

###

SourceMayor's Office

Baker-Polito Administration Advances Production and Preservation of 1,500 Housing Units Across Commonwealth

Today, Governor Charlie Baker announced the 2019 Affordable Rental Housing Awards. Today’s awards will support the preservation and production of 1,581 rental units, including 1,349 affordable units. This includes 273 units that will be reserved for extremely low-income households.

Today’s awards will advance three transit-oriented projects, five projects for seniors, and two projects that will significantly rehabilitate public housing. Affordable rental housing awards have led to the production, renovation and preservation of more than 7,800 housing units, representing nearly half of all the housing units supported by the Baker-Polito Administration since 2015 though funding mechanisms like the MassWorks Infrastructure Awards Program, the Housing Development Incentive Program and more.

“We are pleased to announce these Affordable Rental Housing Awards to advance the production and preservation of more than 1,500 rental housing units throughout the state,” said Governor Charlie Baker. “Our administration has already invested more than $1 billion in affordable housing and we look forward to working with our colleagues in the Legislature to pass our Housing Choice bill to facilitate the production of more new housing units in communities across Massachusetts.”

“Each housing unit advanced today will benefit entire communities, by bringing more people to downtowns, transforming long-vacant properties, and providing new customers for local businesses,” said Lt. Governor Karyn Polito. “Housing is both a valuable tool and critical precursor for economic development, and these projects will provide stability to many households in need. Congratulations to all of today’s awardees.”

The Department of Housing and Community Development is awarding nearly $80 million in direct subsidies from seven state bond accounts and federal HOME funds, and allocating $38 million in state and federal Low Income Housing Tax Credits (LIHTC) to 28 projects. The tax credit allocations will generate more than $260 million in equity to support these projects. Massachusetts is one of just 17 states to offer a state tax-credit program to complement the federal LIHTC program to support the development and rehabilitation of affordable housing.

“The housing crisis in Massachusetts has far reaching effects on our Commonwealth, and is a major obstacle to long-term growth,” said Housing and Economic Development Secretary Mike Kennealy. “Our workforce and low-income households need more housing options that connect them to employment opportunities, transportation and amenities. Our administration is proud to support today’s projects, which will further diversify our housing portfolio and help more families access stable housing.”

“Housing that meets the needs of residents is the foundation for thriving communities, supporting strong neighborhoods and vibrant downtowns,” Housing and Community Development Undersecretary Janelle Chan. “Today’s awards enable the creation of housing for low-income families, seniors, and individuals, including those transitioning out of homelessness. These high-impact projects will bring new residents to Fitchburg, Gloucester, and Methuen’s downtown districts, redevelop vacant school properties in Southbridge, Swampscott and Taunton, and leverage town-owned land in Williamstown. This is just a sample of the amazing developments we are supporting, all of which will benefit thousands of residents upon their completion.”

Governor Baker joined Housing and Economic Development Secretary Mike Kennealy, Housing and Community Development Undersecretary Janelle Chan and local leaders to announce the awards in Swampscott, near the site of the future Senior Residence at the Machon, which received funding today. The project will redevelop a vacant elementary school into 38 affordable rental units for seniors, with eight units reserved for extremely low-income seniors. The developer, B’Nai B’rith, will also provide long-term services at the site to support residents. DHCD is supporting the project with a federal LIHTC allocation and direct subsidy funding.

“A few years back the Town of Swampscott took an important step in making the former Machon Elementary School available for affordable housing. Together with a strong partner in B’nai B’rith Housing and the required financial support from the Baker Administration, 38 units of very affordable senior housing are becoming a reality in Swampscott,” said Peter Spellios, Chair of the Swampscott Select Board. “The need for affordable housing in every community is real. By supporting the Senior Residences at Machon in his hometown of Swampscott, Governor Baker is setting an important example for all communities. We are grateful for his leadership and support.”

“We are so grateful for the State’s support and for our partnership with the Town of Swampscott to bring much-needed affordable housing to seniors and older adults in Swampscott,” said Susan Gittelman, Executive Director B’nai B’rith Housing. “Seniors and older adults are a fast growing demographic, and we believe this community development will help fill the need for affordable housing in Massachusetts.”

“With the current high demand for housing, unlocking the potential of developments like this is of paramount importance,” said Senator Brendan Crighton. “This project perfectly combines the need for senior housing with an unutilized building ripe for redevelopment and reuse.”

“This project is an excellent use of the Old Machon School building, supporting seniors who increasingly cannot afford Massachusetts’ skyrocketing housing costs,” said Representative Lori Ehrlich. “I am grateful to the administration for including this project in its award round, and I look forward to continuing to work with my colleagues and the administration to reduce housing costs on the North Shore and increase the supply of housing options.”

Today’s awards further the Baker-Polito Administration’s efforts to increase significant housing production across the Commonwealth, including affordable and market-rate housing. Since 2015, the administration has injected more than $1 billion in affordable housing, resulting the production and preservation of more than 17,000 housing units, including 15,000 affordable units. In 2018, Governor Baker signed the largest housing bond bill in Massachusetts history, committing more than $1.8 billion to the future of affordable housing production and preservation. The Baker-Polito Administration has also advanced the development of more than 11,000 mixed-income housing units through the successful MassWorks Infrastructure Program, reformed the Housing Development Incentive Program, and worked with communities to implement smart-growth development and planning efforts.

In February 2019, Governor Baker refiled the Housing Choice legislation to deliver necessary, targeted zoning reform to benefit communities pursuing new housing production and support the administration’s goal of producing 135,000 new housing units by 2025. In May, Governor Baker, Lt. Governor Polito, and Housing and Economic Development Secretary Mike Kennealy testified in support of the legislation in front of the Joint Committee on Housing.

###

Cabot Street (Beverly) is an existing single-room occupancy (SRO) project located in the city’s central business district. The sponsor is the non-profit YMCA of the North Shore. The project will rehabilitate 45 existing SRO units and construct 24 new SRO units. DHCD will support the project with federal and state low-income housing tax credits (LIHTC) as well as subsidy funds. The City of Beverly will also support the project with local funding. When construction is completed, Cabot Street will offer 69 total SRO units. All units will be restricted for individuals earning less than 60% of area median income (AMI), with 20 units further restricted for individuals earning less than 30% of AMI.

Bartlett Station Building A (Boston) is part of a multi-phase redevelopment of a former MBTA lot in Roxbury. The sponsor is the non-profit Nuestra Comunidad Development Corporation. DHCD will support the project with LIHTC and subsidy funds, and the City of Boston also will support the project with local funding. When completed, this phase of Bartlett Station will offer 42 new rental units. Thirty units will be affordable to households earning less than 60% of AMI. Twelve units will be further restricted for extremely low-income households earning less than 30% of AMI. When fully redeveloped, Bartlett Station will transform an underutilized urban site into a mixed-use, mixed-income, mixed-tenure community, with over 300 new homes – affordable, workforce and market rate – and space for community activities and commercial and retail businesses.

Dudley Terrace Apartments (Boston) is an existing scattered-site occupied project located in the Dorchester neighborhood. The sponsor is the non-profit Dorchester Bay Economic Development Corporation. The project will fully renovate 56 rental units. DHCD will support the project with LIHTC and subsidy funds, and the City of Boston will support the project with additional local funding. When completed, Dudley Terrace Apartments will offer 56 units of affordable rental housing to households earning less than 60% of AMI. Twenty units will be further restricted for extremely low-income households earning less than 30% of AMI, including formerly homeless households.

Holtzer Park (Boston) is a new construction transit-oriented housing project for families located in the Jamaica Plain neighborhood. The sponsor is the non-profit Urban Edge. DHCD will support the project with federal and state LIHTC and subsidy funds. The City of Boston will support the project with additional local funding. When completed, Holtzer Park will offer 62 new rental units. Fifty-four units will be reserved for households earning less than 60% of AMI, including thirteen units further restricted for households earning less than 30% of AMI, including formerly homeless households.

Old Colony Phase Three B4 (Boston) is part of the ongoing redevelopment of an 840+ unit public housing project in the South Boston neighborhood. The sponsor, Beacon Communities, is working with the Boston Housing Authority (BHA). DHCD will support this phase of Old Colony with federal and state LIHTC and subsidy funds with additional support from the City of Boston with local funding. The project is transit-oriented and located in proximity to extensive park and recreation areas and Boston Harbor beaches. When completed, this phase of Old Colony will offer 88 total units. All units will be affordable to households earning less than 60% of AMI. Nine units will be further restricted for extremely low-income households earning less than 30% of AMI, including formerly homeless families.

Old Colony Phase Three B9 (Boston) is also part of the ongoing redevelopment of an 840+ unit public housing project located in South Boston. The sponsor is Beacon Communities, working with the Boston Housing Authority (BHA). DHCD will support this phase of Old Colony with federal low-income housing tax credits and subsidy funds. The city of Boston also will support this phase with funds. The project is transit-oriented and located in close proximity to extensive park and recreation areas and Boston Harbor beaches. When completed, this phase of Old Colony will offer 27 total units affordable to households earning less than 60% of AMI. Three units will be further restricted for extremely low-income households earning less than 30% of AMI, including formerly homeless families.

Olmsted Green Rental Phase IV (Boston) is a new construction project and one of the final phases of the redevelopment of the former Boston State Hospital site located in the Mattapan neighborhood. Sponsored by the New Boston Fund, this phase of the project will offer 47 total units. Forty units will be restricted to households earning less than 60% of AMI with eight units further restricted to households earning less than 30% of AMI, including formerly homeless households. DHCD will support the project with LIHTC and subsidy funds, and the City of Boston also will provide additional funding.

Parcel 25 Phase 2 (Boston) is a new construction transit-oriented housing project for families located in the Mission Hill neighborhood. The project will be located one block from an MBTA subway stop and several major bus routes. The sponsor is the non-profit Mission Hill Neighborhood Housing Services. DHCD will support the project with federal and state LIHTC and subsidy funds. The City of Boston will also support the project with local funding. When completed, Parcel 25 Phase 2 will offer 46 total units. Forty-three units will be affordable to households earning less than 60% of AMI, including eight units further restricted for extremely low-income families earning less than 30% of AMI, including formerly homeless families.

Whittier Choice Neighborhood Phase 2 (Boston) is part of the ongoing major redevelopment of a significant public housing project in need of significant rehabilitation. The sponsor is the non-profit Preservation of Affordable Housing. This new construction phase of the project will be located on a site near Melnea Cass Boulevard and Tremont Street. DHCD will support this phase of Whittier with federal and state LIHTC and subsidy funds. The City of Boston also will support the project with local funding. When completed, this phase of Whittier will offer 52 new rental units. Thirty-one units will be restricted for households earning less than 60% of AMI. Six units will be further restricted for households earning less than 30% of AMI, including formerly homeless families.

St. Therese Condo I (Everett) is part of a two-phase new construction project. The non-profit sponsor is The Neighborhood Developers (TND). The two-phase project consists of the redevelopment of a site as low-income housing with services for seniors. DHCD will support the project with low-income housing tax credits and subsidy funds. The city of Everett also will support the project with funds. When completed, St. Therese Condo I will feature 44 units, all of which will be affordable to seniors earning less than 60% of AMI. Eight units will be further restricted for extremely low-income seniors earning less than 30% of AMI, including formerly homeless seniors.

St. Therese Condo II also is part of a two-phase new construction project in Everett. The non-profit sponsor is The Neighborhood Developers (TND). The two-phase project consists of the redevelopment of a site as low-income housing with services for seniors. DHCD will support the project with low-income housing tax credits and subsidy funds. The city of Everett also will provide support for the project with funds. When completed, St. Therese Condo II will feature 33 units, all of which will be affordable to seniors earning less than 60% of AMI. Six units will be further restricted for extremely low-income seniors earning less than 30% of AMI.

Megansett Crossing (Falmouth) is a new construction housing project for families. The sponsor is Michael Galasso (Megansett Crossing LLC). DHCD will support the project with subsidy funds. The town of Falmouth also will support the project with Community Preservation Act funds. When completed, Megansett Crossing will offer 10 total units, three of which will be affordable for families earning less than 80% of AMI.

Moran Square Redevelopment (Fitchburg) is a housing project involving the adaptive re-use of two historic buildings and the construction of a new five-story building. The project will create new mixed-income units and commercial/retail space in downtown Fitchburg. The project sponsor is Jon Rudzinski (Rees-Larkin Development LLC). DHCD will support the project with federal and state LIHTC and subsidy funds, and the City of Fitchburg will support the project with local HOME funds. When completed, the project will offer 44 new rental units. Twenty units will be affordable to households earning less than 60% of AMI, with five units further restricted for extremely low-income households earning less than 30% of AMI.

Harbor Village (Gloucester) is a mixed-use project consisting of affordable rental units and ground-floor commercial/retail space in the city’s downtown district. The sponsor is the non-profit North Shore Community Development Coalition. The Department will support the project with federal LIHTC and subsidy funds, and the City of Gloucester also will support the project with local funds, including Community Preservation Act funds. When completed, the project will offer 30 new units. All 30 units will be affordable to households earning less than 60% of AMI, with eight units further restricted for extremely low-income households earning less than 30% of AMI.

Depot Village (Hanson) is a new construction housing project for families. The sponsor is Dakota Properties. DHCD will support the project with federal and state LIHTC and subsidy funds. When completed, Depot Village, located near an MBTA commuter rail stop, will create 48 new rental units. All 48 units will be affordable to households earning less than 60% of AMI, including five units further restricted for extremely low-income households earning less than 30% of AMI.

PAC 10 Lofts Phase II (Lawrence) is the continuation of the adaptive re-use of a historic mill project. The sponsor is Reed Community Partners, LLC. DHCD will support the project with federal and state LIHTC and subsidy funds. The City of Lawrence will support the project with local funding. The completed project will offer 96 new rental units. Sixty-three units will be affordable to households earning less than 60% of AMI, with ten units further restricted for extremely low-income households earning less than 30% of AMI.

Sirk and Chestnut Square Redevelopment (Lowell) is a preservation project with two existing occupied projects in need of rehabilitation. The non-profit sponsor is The Caleb Foundation. DHCD will support the rehabilitation of the properties with LIHTC and project-based rental assistance. When the rehabilitation work is completed, Sirk and Chestnut Square will offer 87 total units. Seventy-one units will be restricted for individuals or families earning less than 60% of AMI, with eight units further restricted for extremely low-income households earning less than 30% of AMI.

Lunenburg Senior Living (Lunenberg) is a new construction housing project located on the site of a former amusement park. The sponsor is Great Bridge Properties. The sponsor already has completed two successful phases of affordable rental housing on the Lunenburg site. DHCD will support the project with LIHTC and subsidy funds. When completed, Lunenburg Senior Living will offer 70 new rental units for seniors. Fifty-six units will be restricted for seniors earning less than 60% of AMI, with eight units further restricted for extremely low-income seniors earning less than 30% of AMI. Support services will be available at Lunenburg Senior Living.

Broadway Building (Methuen) is a new construction housing project for families to be built in downtown Methuen. The sponsor is DS Development LLC. DHCD will support the project with federal and state LIHTC and subsidy funds, and the City of Methuen will support the project with local HOME funds. When completed, Broadway Building will offer 40 new rental units, all of which will be affordable to households earning less than 60% of AMI. Four units will further be restricted for extremely low-income households earning less than 30% of AMI.

The Tannery (Peabody) is an existing occupied housing project. Winn Development will purchase and rehabilitate the project as DHCD’s designee under provisions of the state’s preservation law, Chapter 40T. DHCD will support the project with federal and state LIHTC and subsidy funds. MassHousing will also support the project, which was originally financed through Chapter 13A, with subsidy funds. In addition, the City of Peabody will also provide local funding. When rehabilitation is complete, the Tannery will offer 284 total units, with 200 units reserved for households earning less than 60% of AMI. Thirty-five units will be further restricted for households earning less than 30% of AMI.

Terrapin Ridge (Sandwich) is a new construction housing project for families. The Women’s Institute is the non-profit sponsor. DHCD will support the project with LIHTC and subsidy funds. The Town of Sandwich will support the project with $1.4 million in Community Preservation Act funds. When completed, Terrapin Ridge will offer 30 new rental units. All units will be restricted for households earning less than 60% of AMI, with 14 units further restricted for extremely low-income households earning less than 30% of AMI.

Lawson Green (Scituate) is a new construction housing project for seniors located next to the newly renovated and expanded public library. The sponsor is The Grantham Group, LLC. DHCD will support the project with federal LIHTC and subsidy funds, and the Town of Scituate will support the project with $2.5 million in Community Preservation Act funds. When completed, Lawson Green will offer 30 new rental units, all of which will be affordable to senior households earning less than 60% of AMI. Eight units will be further restricted for extremely low-income senior households earning less than 30% of AMI. Support services for seniors will be available at Lawson Green.

Wells School Apartments (Southbridge) is the adaptive reuse of a former Southbridge school into affordable housing for residents age 55 and over. The sponsor is Arch Communities LLC. DHCD will support the project with federal and state LIHTC and subsidy funds. When completed, the project will offer 56 new rental units, all of which will be affordable to households earning less than 60% of AMI. Six units will be further restricted for extremely low-income households earning less than 30% of AMI.

Senior Residences at The Machon (Swampscott) is a redevelopment project of a vacant elementary school located across from a park and near the senior center and high school. The sponsor is the non-profit B’nai B’rith Housing New England, Inc. DHCD will support the project with federal LIHTC and subsidy funds. When completed, the project will offer 38 new rental units, all of which will be affordable to senior households earning less than 60% of AMI. Eight units will be further restricted for extremely low-income senior households earning less than 30% of AMI. B’nai B’rith will offer support services at the Machon for residents.

Walker School Apartments (Taunton) is a historic rehabilitation project for seniors. The sponsor is the non-profit Affordable Housing and Collaborative Services, Inc. DHCD will support the project with federal and state LIHTC and subsidy funds. The City of Taunton will also provide local funding to support the project. When completed, Walker School Apartments will offer 40 units, all of which will be affordable to seniors earning less than 60% of AMI. Sixteen units will be further restricted for extremely low-income seniors earning less than 30% of AMI. The new residents of the project also will be able to access support services tailored to seniors’ needs.

Cole Avenue (Williamstown) is a new construction housing project on a town-owned, former industrial site located near the Hoosic River. The sponsor is the non-profit Berkshire Housing Development Corp. DHCD will support the project with federal LIHTC and subsidy funds, and the Town of Williamstown will provide additional funds through the Community Preservation Act. When completed, Cole Avenue will offer 41 new rental units. Thirty-eight will be affordable to households earning less than 60% of AMI, with eight units will be further restricted for extremely low-income households earning less than 30% of AMI.

126 Chandler (Worcester) is a new construction and adaptive re-use housing project. The project will revitalize a long-vacant mill building and construct new units in the Piedmont neighborhood of Worcester. The sponsor is the non-profit Worcester Common Ground. DHCD will support the project with federal and state LIHTC and subsidy funds, and the City of Worcester will support the project with local HOME funds. When completed, the project will offer 31 total units, all of which will be affordable to households earning less than 60% of AMI. Nine units will be further restricted for extremely low-income households earning less than 30% of AMI.

Residences at Yarmouth Gardens (Yarmouth) is a new construction project for families. The sponsor is Commonwealth Community Developers, LLC. DHCD will support the project with federal and state LIHTC and subsidy funds, and the Town of Yarmouth will provide $1.2 million in Community Preservation Act funds. When completed, the Residences at Yarmouth Gardens will offer 40 new rental units. All units will be affordable to households earning less than 60% of AMI, with eight units further restricted for households earning less than 30% of AMI.

###

SourceOffice of Governor Charlie Baker and Lt. Governor Karyn Polito

New Affordable Housing Development Opened in Downtown Boston, MA

The building, called the Union, includes forty six new units of housing for people who are currently experiencing homelessness

BOSTON, MA (STL.News) – Building on his commitment to build more affordable housing and end chronic homeslessness in the City of Boston, Mayor Martin J. Walsh Wednesday, May 29, 2019, joined Cardinal Seán Patrick O’Malley, Governor Charlie Baker, President of the Planning Office for Urban Affairs of the Archdiocese Lisa Alberghini, President and CEO of St. Francis House Karen LaFrazia, and residents to celebrate the ribbon cutting for The Union, a historic redevelopment in downtown Boston that creates 46 units of affordable supportive housing.

“The Union represents our belief that every single person in our City deserves compassion, support, and a safe place to call home,” said Mayor Martin J. Walsh. “This project couldn’t have been possible without the compassionate leadership of The St. Francis House and The Planning Office for Urban Affairs of the Archdiocese, as well as the City and State.”

“The Archdiocese of Boston, through the Planning Office for Urban Affairs, is pleased to have collaborated with St. Francis House as together we received support and assistance from Governor Baker and Mayor Walsh in developing this greatly needed affordable housing,” said Cardinal Seán O’Malley. “The Union’s new residents, those of limited income and those formerly homeless, now have a home from where they can fully participate in civic and community life. It is a blessing for the Archdiocese to be able to work with the Commonwealth and the City of Boston to provide sustainable, dependable and affordable housing for people in need. As we celebrate the successful completion of this project we look forward to further opportunities for continuing the mission of lifting people from the instability and anxiety of not knowing where they will spend the coming day or night to the dignity, respect and confidence of having a home.”

“Our administration remains committed to addressing the Commonwealth’s housing crisis by supporting development at all levels, including boosting affordable housing stock,” said Governor Charlie Baker. “The Union is a key step toward that goal, and the project’s focus on supporting people struggling with homelessness is crucially important. We look forward to working with all stakeholders to encourage future development modeled on the successful partnership that made The Union possible.”

This development creates permanent affordable homes for people experiencing homelessness or with low incomes. The Union has 26 units set aside units for people who are currently homeless or have experienced homelessness in the past, and 20 units set aside for residents with incomes at or below 50-60 percent of area median income (households making up to $51,780 a year). In addition to this new housing, St. Francis House, located across the street, has relocated their administrative offices into the development, will provide the wrap around support services needed to ensure the residents are stable and able to thrive in their new homes.

The new homes at The Union were created by renovating the historic Boston Young Men’s Christian Union, completed in 1875 and designated a Boston Landmark in 1977. This adaptive reuse of the 48 Boylston Street property was completed to the standards for historic preservation and utilized both Federal Historic Tax Credits and Massachusetts Historic Tax Credits provided by the Massachusetts Historical Commission. Financing was made possible by funding from the City of Boston Neighborhood Housing Trust; the City of Boston Department of Neighborhood Development; the Massachusetts Department of Housing and Community Development; MassHousing; Bank of America Merrill Lynch; the Community Economic Development Assistance Corporation; and the Federal Home Loan Bank of Boston. Additionally, Eastern Bank is participating in the Bank of America financing.

The Union was developed through a unique partnership between the Planning Office for Urban Affairs (POUA) and St. Francis House, two non-profits rooted in a commitment to social justice and serving others. With the completion of The Union, POUA has developed nearly 3,000 units of affordable and mixed-income housing, over 1,200 of which are in Boston.

“We are so grateful for our partnership with the Planning Office for Urban Affairs and the extraordinary commitment of the City and Commonwealth for the development of this housing. Together we are creating an inclusive community where men and women once homeless will live a new life contributing to and enjoying the vitality and prosperity of the neighborhood.” said Karen LaFrazia, President and CEO of St. Francis House.

“Providing housing options for a diverse group of people is key to a vibrant community and illustrates what can happen when we work together for the common good,” said Lisa Alberghini, President of the Planning Office for Urban Affairs. “We’re grateful to the Commonwealth, the City, our funders and supporters who made this possible, and especially to our partner St. Francis House.”

St. Francis House, which partners with homeless individuals to help them move from the streets and shelters to permanent homes, operates more than 102 units of permanent and supportive housing in downtown Boston. The Union will help St. Francis House meet the growing need for safe, secure and affordable long-term housing solutions.

Creating new permanent supportive housing like these new units at The Union, are an important component of Boston’s Way Home, the Mayor’s action plan to end veteran and chronic homelessness in Boston. Permanent supportive housing provides individuals with subsidized rents and individualized support services so that they receive the assistance needed to stay housed. The housing is designed to build independent living skills and connect people with services such as community-based medical and mental health care, job training and employment services.

“As with many people who end up at the front door of SFH, it has been a long and winding road, filled with pain and shame but ultimately triumph. I can’t emphasize enough the importance of stable housing for people like me. The safety and dignity of a home and the support of people that care about you makes all things possible,” said Andrew Moskevich, a resident at The Union.

Over the past five years, the City has transformed its system so that every homeless veteran in Boston has access to shelter and a path to permanent housing. As a result, Boston has the lowest rate of unsheltered homelessness of any major U.S. city, as well as one of the lowest rates of unsheltered veteran homelessness nationally. Mayor Walsh recently announced that since the inception of the Boston’s Way Home plan to end chronic and veteran homelessness, the City of Boston has housed more than 1,000 homeless veterans.

Since 2016, there has been a 36 percent reduction in veteran homelessness. During that time there has been a 20 percent reduction in the chronically homelessness population and more than 770 chronically homeless individuals have been housed.

SourceSTL.News

One Gurney Street Holds Grand Opening

Boston Mayor Martin J. Wash on Saturday joined Mission Hill Neighborhood Housing Services (MHNHS), elected officials and residents to celebrate the grand opening of One Gurney Street.

This once vacant property is now a transit-oriented, mixed-use development that offers 40 units of affordable family housing, a new office headquarters for Metro Housing Boston, and four community-oriented retail storefronts including a new Eastern Bank branch. This is the first phase of the redevelopment of Parcel 25, the Mission Hill community’s plan to revitalize Roxbury Crossing.

“Today we celebrate a significant milestone reached as we break ground on this project at Parcel 25 that will bring affordable housing and public benefits to Mission Hill community members,” said Mayor Walsh. “I’m proud of the work that all partners have done to create dozens of affordable homes for workforce families, formerly homeless individuals, and persons with disabilities. This mixed-use development will continue keep this neighborhood a strong and vibrant place for generations to come.”

Phase 1A of the Parcel 25 redevelopment represents the culmination of more than a decade of planning and hard work by MHNHS and the Mission Hill community to restore the land formerly owned by the MBTA. The Maria Sanchez House, located just across Gurney Street from Parcel 25, was the first building to be developed as part of the community’s vision to revitalize the area. The Maria Sanchez House, completed in 2015, offers 40 units of affordable housing for seniors.

“We like to say it takes a village to develop affordable, neighborhood-stabilizing housing. Never has this been more evident than our efforts to redevelop Parcel 25,” said Mission Hill NHS Executive Director Patricia Flaherty. “Not only were hundreds of our neighbors involved in the dreaming, the planning, and the advocacy, but almost as many funders were committed to making the community’s plan a reality, led by the City’s Department of Neighborhood Development and the MA Department of Housing and Community Development. Today we are grateful for all those involved in the Parcel 25 Phase 1A/One Gurney Street project and officially welcome Metro Housing Boston staff and clients, Eastern Bank, and 40 new families to the neighborhood!”

One Gurney Street features nine one-bedroom units, 22 two-bedroom units, and nine three-bedroom units. All of the new rental units are affordable to workforce individuals and families at or below 60 percent of Area Median Income (AMI), 11 of the units are further subsidized to make them affordable to families with incomes at or below 30 percent of AMI. The 11 units include five units that are now home to formerly homeless households, and six fully wheelchair accessible units serving the needs of households with persons with disabilities. Three of the handicapped units are equipped with additional enhancements for persons with significant mobility and other disabilities under the Community Based Housing (CBH) program. Four of the units are specially equipped for persons with hearing impairment and visual disabilities.

“I want to thank everyone here today.This building has opened up the world for me again,” said Allande Pierre, one of the building’s new residents. “After becoming wheelchair-bound, I had to live in an institutional rehab center for more than a year without being able to move around without asking for permission. With my new apartment and the special accessibility adaptations, I have my freedom again. I can come and go as I please, move around the neighborhood, and I can even invite family and friends over to my home. It’s like night and day!”

The first floor of the new building has four retail storefronts located along Tremont Street and immediately across from the Roxbury Crossing T Station, and now extend and support the Mission Hill Main Streets district. In a strong show of their long-term commitment to the project and to the neighborhood, Eastern Bank and Metro Housing Boston now occupy retail and commercial space in thenew development. Eastern Bank, one of the project’s construction/bridge lenders, recently opened the area’s first bank branch in decades in one of the retail spaces. Metro Housing Boston purchased the office condo and relocated their headquarters and more than 155 employees to better service its clients at this location. Metro Housing Boston is the state’s largest servicer of housing subsidies and a provider of housing support services.

“The staff and Board of Metro Housing are thrilled to participate in the development of Parcel 25 to help reconnect Mission Hill with Roxbury,” said Chris Norris, Metro Housing Boston Executive Director. “Not only have we provided our participants with a modern and accessible location for them to receive our services and get connected to affordable homes, but we have also helped knit together a community.”

The project is LEED Silver Certified and has many green features for long-term operations, sustainability, and provides several new improvements such as new sidewalks, handicap accessible ramps, benches, lighting, bike racks, and a new pedestrian plaza and walkway that allows residents and visitors to move through the site and to their points of destination. The building was designed by Goody Clancy architects, constructed by NEI General Contracting, and is managed by Maloney Properties.

The new development has been made possible in part by a City of Boston contribution of more than $4 million, including funds from the Community Development Block Grant and the Neighborhood Housing Trust tied to a linkage contribution from Children’s Hospital. This contribution enabled the development team to take advantage of more than $3 million from the Commonwealth’s Department of Housing and Community Development.The State also provided an allocation of almost $1 million in federal Low-Income Housing Tax Credits (LIHTC) that helped raise over $9.4 million in equity from Regions and First Sterling, the equity investor in the project.

A consortium of Boston Private and Eastern Bank provided over $10 million in construction/bridge financing for the development. The Massachusetts Housing Partnership (MHP) provided $2.9 million in long term financing and is the permanent lender for the project. Boston Community Loan Fund/Life Initiative and Community Economic Development Assistance Corporation provided important pre-development financing for the project, with BCLF/Life Initiative also providing critical acquisition financing for the land purchase.

SourceBoston Real Estate Times

Affordable Housing Is a Worthy Investment

By Roger Herzog

Special to Banker & Tradesman

It’s clear to see the benefits for Massachusetts when the state invests in community development – thousands of affordable housing units are created, child care facilities are upgraded and seniors gain an opportunity to age in place. We saw the most recent example of the commonwealth’s support in May, when Gov. Charlie Baker signed the $1.8 billion Housing Bond Bill into law. The bill will allow for new capital spending on affordable housing production and preservation in Massachusetts.

The bill signing was held at The Harry and Jeanette Weinberg House, a supportive senior housing complex in Brighton that Jewish Community Housing for the Elderly (JCHE) is constructing. Weinberg House, which will provide 61 new affordable units, exemplifies a creative approach to allow elders to age in community. The project secured funding from the state’s Housing Innovations Fund (HIF) and Facilities Consolidation Fund (FCF), two supportive housing programs reauthorized by the Bond Bill, along with housing tax credits and other public and private financing.

The truth is, there is virtually no affordable housing development in Massachusetts that hasn’t utilized at least some Bond Bill-funded resource.

CEDAC administers capital programs that the Department of Housing and Community Development (DHCD) uses to create supportive housing, which allows those requiring services to live independently in community based settings. Those capital programs are HIF, FCF and the Community Based Housing (CBH) program. Additionally, we manage the Home Modification Loan Program (HMLP) in collaboration with the Massachusetts Rehabilitation Commission and DHCD, and the Early Education and Out of School Time (EEOST) Capital Fund with our affiliate, Children’s Investment Fund, and the Massachusetts Department of Early Education and Care (EEC).

HIF was the original housing bond program, and since 1987, DHCD and CEDAC have committed $257 million to produce 13,643 units for the homeless, victims of domestic violence, individuals living with HIV/AIDS, elders, disabled veterans and single working adults. In the last 25 years, we have financed 2,461 units with $143.8 million of FCF funding, which provides housing for clients of the Departments of Mental Health (DMH) and Developmental Services (DDS). With CBH, which is designed to provide integrated housing opportunities for disabled residents who are not clients of DMH or DDS, we have allocated $50.7 million to produce 354 fully accessible units.

State Housing Programs Reauthorized

The Bond Bill also reauthorized funding for HMLP and EEOST. HMLP provides low- or no-interest loans to make access modifications, such as ramps, lifts and bathroom modifications. HMLP has provided 2,742 total loans in the amount of $62.7 million since the program’s beginning. EEOST offers grants to nonprofits building early education or out of school time facilities. Since 2013, $19.2 million in EEOST funding has supported 25 child care facility projects throughout Massachusetts.

We are particularly gratified to see the support that the Bond Bill received both from the legislature and the Baker administration because these programs are effective. The legislation included $100 million in funding for HIF; $65 million for FCF; $55 million for CBH; $60 million for HMLP and $45 million for EEOST.

In addition to these bond investments, the legislation extended the state housing tax credit program. This action will help Massachusetts continue to preserve and produce affordable housing units, even as the recent federal tax reform law has diminished the value of the federal tax credit program. The final legislation extended the state housing tax credit program through 2025 at an annual level of $20 million and authorized an additional $5 million per year in tax credits specifically targeted to affordable housing preservation. Given the state’s well-documented challenges with existing projects facing expiring affordability, these additional state credits will help to maximize preservation. Finally, the Bond Bill also extended the Community Investment Tax Credit (CITC) program for community development corporations and the Workforce Housing program, both of which are important components to developing more affordable housing for households with a range of incomes.

What is most remarkable is how many people worked hard on behalf of the Housing Bond Bill. That includes legislative champions like state Rep. Kevin Honan and state Sen. Joe Boncore, co-chairs of the Joint Committee on Housing; members of the executive branch, including Gov. Charlie Baker, Lt. Gov. Karyn Polito, Housing and Economic Development Secretary Jay Ash, Undersecretary of DHCD Janelle Chan and MassHousing executive director and former DHCD Undersecretary Chrystal Kornegay; and countless advocates.

Community development remains strong in Massachusetts because of their efforts – and in turn, our communities are strengthened by having affordable homes and quality child care.

Roger Herzog is the executive director of the Community Economic Development Assistance Corp.

https://cedac.org/wp-content/uploads/2018/08/BT_Reprint_Herzog_070218.pdfBT_Reprint_Herzog_070218

SourceBanker & Tradesman

Brookview House breaks ground on affordable rentals

Assembled for last Tuesday groundbreaking for Brookview III were, from left: Roger Herzog, executive director, Community Economic Development Assistance Corporation; Pamela Feingold, senior VP of Eastern Bank; Mayor Martin J. Walsh; Deborah Hughes, president & CEO of Brookview House; Governor Charlie Baker; Representative Russell E. Holmes, and City Councillor At-Large Annissa Essaibi-George.
Randy H. Goodman photo

With Gov. Charlie Baker and Mayor Martin Walsh looking on approvingly, Brookview House, a Dorchester-based provider of services to homeless women and children, broke ground on a new affordable housing building on Hansborough Street last Tuesday. The building, dubbed “Brookview III,” will include a dozen new two- and three-bedroom apartment units, bringing the total number at Brookview to 54.

“We recognize that family homelessness is a multi-faceted issue, but one of the primary causes of the high rate of family homelessness in Massachusetts is the lack of affordable housing for low-income families,” said Deborah Hughes, the president and CEO of Brookview House Hughes. “This new building will help us assist even more families each year in addressing the trauma of homelessness and set them up for long-term stability and independence.”

The need to address family homelessness has grown more urgent in recent years, with a 2017 Boston Foundation study showing that more than 60 percent of the 13,000 homeless individuals in Massachusetts are children. Family homelessness in the state has nearly doubled since 2016, with Boston ranking as the city with the fourth most homeless families nationwide. Hughes said she hopes Brookview’s new facility with help address this crisis.

Brookview III will be located off Blue Hill Avenue on Hansborough Street, just north of Mattapan Square and a block from the original 12-unit building at 2 Brookview St.

Each year, the facility provides 370 homeless women and children with a safe, supportive living environment as well as a variety of programs and services including health, education, life skills, employment training, civic engagement, and financial, emotional, and behavioral support.

Established in 1990, Brookview House has garnered nationwide acclaim for its successful model; 92 percent of mothers who have lived there maintain permanent housing after leaving and 88 percent of the children who participate in Brookview’s Youth Development Program graduate from high school, compared to the national average of only 25 percent.

In addition to commercial loans and Brookview’s own fundraising, the $5.5 million needed to finance Brookview III was secured with $1.5 million from the city of Boston’s Department of Neighborhood Development (DND) and Boston Community Development, and a $450,000 grant from the Early Education and Out of School Time (EEOST) facilities improvement fund, which is financed through the state’s capital budget and jointly administered by the Department of Early Education and Care and the Community Economic Development Assistance Corporation (CEDAC), and its affiliate, the Children’s Investment Fund (CIF).

Mayor Walsh acknowledged the importance of planning for future affordable housing. “In Boston, we are committed to making sure that every person has a place to call their home,” he said. “Providing families a roof over their heads and the wraparound services needed to build a better life is critical to tackling homelessness. I thank Brookview for their role in creating stable, affordable housing that is vital to the health and success of our neighborhoods.”

Brookview III is slated for occupancy starting next June.

SourceDorchester Reporter