Dorchester Reporter | By Jennifer Smith
February 16, 2017
Mayor Martin Walsh on Tuesday announced funding for 10 affordable housing developments across Boston, a nearly $22 million investment to preserve or produce 602 housing units. Dorchester and Mattapan projects account for half of these approvals, bolstering several longstanding large mixed-income developments.
“Preserving Boston’s affordability is key to ensuring everyone who wants to live here can afford to do so, and I’m particularly pleased this funding will both preserve and add to our existing affordable housing stock,” Walsh said. “This will help us continue to build a pipeline of affordable housing, and put us one step closer towards reaching the ambitious goals laid out in our housing plan.”
The Hearth at Four Corners project, developed by Hearth Inc. on city-owned land, will create 54 units of affordable housing for elderly residents as several income points. It includes 16 units set aside for extremely low income elders.
Wilshire Apartments on Cheney Street is a rehabilitation and refinancing effort for an existing 29-unit, Section 8 project. The non-profit Urban Edge plans to preserve the existing Section 8 contract for the site.