MassHousing provided $14.3 million in financing to the nonprofit Fenway Community Development Corporation, for the renovation and preservation of 52 affordable housing units at the Fenway CDC’s Burbank Gardens community in Boston’s Fenway neighborhood.
Longtime renters in the Boston’s Fenway neighborhood have felt the squeeze from rising rents and conversion of apartments into off-campus housing.
Much of the commonwealth’s stock of affordable housing, built in the 1960s, 1970s and 1980s, is at risk of losing affordability.
The Community Economic Development Assistance Corp. recently committed over $8.5 million in financing to Fenway Community Development Corp. to purchase and preserve Burbank Gardens, an existing affordable housing development located in the Fenway.
