Financing from a group of public agencies will support a development team’s construction of 62 affordable housing units on a Boston Housing Authority-owned property near Jackson Square.

The $32 million Holtzer Park project at 125 Amory St. by Roxbury-based developer Urban Edge will include 54 apartments reserved for households earning 60 percent or less of the area median income and another eight units at 30 percent of AMI. 

MassDevelopment provided a $17.2 million tax-exempt bond toward construction and $27,000 from the Brownfields Redevelopment Fund for site assessment. Additional funding included $2.7 million from the Boston Department of Neighborhood Development, $750,000 from the Neighborhood Housing Trust, more than $15.8 million in state and federal low-income housing tax credits and more than $5 million in subsidies from the Massachusetts Department of Housing and Community Development.

Other funding sources include the Community Economic Development Assistance Corp., Massachusetts Housing Investment Corp., Citizens Bank, Massachusetts Housing Partnership, the Federal Home Loan Bank of Boston, Boston Private, The Life Initiative and the U.S. Department of Housing and Urban Development.

Designed by ICON Architecture and built by NEI General Contracting, the project will be built on the former site of the Holtzer-Cabot Electric Co. and meet LEED Homes Gold standards, including a high-efficiency heating system and building envelope.

The current phase is part of a larger development approved in 2018, adding 349 apartments in three buildings on excess land at the 6-acre property. The project also includes renovations to 199 existing public housing units on the property, which began in 2019. The Community Builders, Jamaica Plain Neighborhood Development Corp. and Urban Edge are partners on the project.

Developers Kick Off Jackson Square Infill Housing Project

by Banker & Tradesman time to read: 1 min