Boston Mayor Michelle Wu gave the state legislature perhaps her strongest argument yet to accept her transfer tax proposal last week when she laid out a goal of creating affordable housing “as quickly as we can.” on over 1,200 underutilized city-owned properties.
A $40 million contribution from city of Boston housing funds will be used to develop and preserve 718 affordable units in Chinatown, Dorchester, Hyde Park, Jamaica Plain and Roxbury.
A 248-unit Westfield multifamily complex that was damaged in a 2018 fire will receive financing from MassHousing, enabling a nonprofit developer to begin a $28-million renovation project.
A Philadelphia multifamily developer has begun leasing 65 units of affordable and workforce housing on Cape Cod in a project that received Community Preservation Act and MassHousing financing.
Facing the lowest level of state support in the nearly 20-year history of the program, cities and towns that have adopted the Community Preservation Act are hopeful that 2019 will be the last year of volatile state funding for this key pipeline of money for parks and affordable housing.
Anecdotal evidence that many of Boston’s newly built luxury condos sit unoccupied as part-time residences or “wealth storage lockers” for out-of-town investors is bolstered by the findings of a new housing market study.
The town of Weston has completed its $13.4 million acquisition of the 62.5-acre Case Estate nursery from Harvard University, which was delayed for nearly a decade after environmental contamination was discovered, leading to a dispute that ended up in court.
How bad is the Massachusetts housing mess? So bad that Waltham is about to do what would have been unthinkable a decade or two ago: creating its own, Section 8-style housing voucher program similar to what the feds run.