
State Offers $8M for ‘Stuck’ Developments
The state’s economic development finance agency is offering a pot of money to help eliminate blight and increase housing production in the state’s downtowns and town centers.
The state’s economic development finance agency is offering a pot of money to help eliminate blight and increase housing production in the state’s downtowns and town centers.
Every city in Massachusetts has one or two, and in Lawrence, there are hundreds, Mayor Daniel Rivera said Thursday: vacant properties that aren’t being developed, because their owners are tied up in land court or the ownership is otherwise unclear.
Five towns central Massachusetts towns hit hard by foreclosures after the 2008 recession stand to benefit from a multi-agency program that aims to rehab blighted properties, incorporating energy efficiency measures, and to sell the newly-efficient homes to low- and moderate-income families.
The dreary and stunningly mediocre Charles River Park apartment complex is all that remains of a big chunk of the old West End, torn down via eminent domain by Boston officials back in the 1950s.