Over one third of approved units will be deed-restricted as affordable
Boston Redevelopment Authority
August 12, 2016
With a full agenda before them to consider, the Boston Redevelopment Authority’s (BRA) Board of Directors approved eight new development projects and a change in one previously approved project at last night’s meeting. The approvals pave the way for 1,415 units of new housing, over a third of which (544 units in total) will be deed restricted as affordable at below market rates.
Two of the approved developments, including an ambitious eight-building, 656-unit project that will transform a light industrial area of South Boston into a mixed-use residential community, are in areas where the BRA is currently undertaking planning initiatives. The projects in South Boston and Jamaica Plain both incorporate a larger percentage of affordable housing than the city typically requires, a goal of the emerging planning studies.
Together, the nine projects approved at the meeting represent an investment of $949.5 million in Boston’s economy, and they are expected to create 1,417 construction jobs.
Below is a summary of the development projects that were approved.