As Funding Wanes, Developers Face Downsizing Decisions
Facing reluctant investors and lenders, developers are pursuing changes designed to salvage projects teetering on the brink of financial feasibility.
WATCH: Subscriber Spotlight – Angie Liou
Angie Liou heads up Chinatown’s biggest community-based housing developer, Asian Community Development Corp.
Hot Property: 55 Hudson St.
Asian Community Development Corp.’s 55 Hudson St. project broke ground recently. The building will create 110 affordable homes and bring a permanent branch of the Boston Public Library to Chinatown.
Projects Maximize Potential of Chinatown Parcels
Luxury towers have eroded Chinatown’s working-class housing stock for years. Now, a pair of proposals would generate a combined 328 affordable units as officials and community groups seek to address the housing crisis through surplus property dispositions.
Nonprofit Wins Bidding War for Chinatown Property
Advancing housing affordability and stabilization is a long game that requires collaboration, creative solutions, and quick interventions. In February, Asian Community Development Corp. successfully did just that when it acquired an occupied private building in Chinatown.
