It was a good day for affordable housing efforts in the City of Boston as hundreds of new units were funded throughout the city at a celebratory event held in the North End. Mayor Walsh and local officials gathered at the Knights of Columbus building at 41 N. Margin Street, the future site of 23 new senior affordable housing units.
The City announced $26 million in funding across 10 projects for 515 affordable housing units and deed-restricted homes in Brighton, East Boston, Dorchester, Mattapan, Mission Hill, North End and Roxbury. The North End project is receiving of $1.96 million from Community Preservation Act funding.
In addition to Mayor Walsh, speaking at the event were Al Caldarelli of the East Boston Community Development Corp., Victor Brogna from the North End / Waterfront Residents’ Association (NEWRA) and Sheila Dillon, Boston’s Chief of Housing and Director of the Department of Neighborhood Development. Also attending were local officials, including City Councilor Lydia Edwards and State Rep. Aaron Michlewitz.
North End KoC members were on hand from the Ausonia Council #1513 for the celebration, along with their non-profit partner, the East Boston Community Development Corp. that will have a 99-year lease to develop and manage the property.
At the N. Margin St. location, there will be 23 units in total as part of the 5-story building. General affordability requirements would be for those with incomes up to $65,000 while the “senior” notation means those at least 62 years old. Public financing dictates that tenants will be selected via lottery.
The Knights will also have just over 1,500 square feet of ground floor space to house a new council headquarters. Plans also call for a community room and 15 parking spaces.
Citywide developments are targeted at 16,000 new affordable housing units by 2030 with 5,500 affordable housing units permitted to date. All the new developments and more information on the city’s plans can be found here.