Fenway Team Competes in a Crowded Field
On the front lines in the housing affordability battle, Suneeth John leads the Fenway CDC’s real estate team in identifying promising sites and finding financing sources to acquire and develop them.
On the front lines in the housing affordability battle, Suneeth John leads the Fenway CDC’s real estate team in identifying promising sites and finding financing sources to acquire and develop them.
A religious order’s disposition of a 140-unit building was the perfect example of an opportunity to preserve this critical housing in a neighborhood with excellent access to public transit and amenities.
Stroll around the Fenway neighborhood in Boston and you will not find many parcels empty and suitable for a new housing development. And that makes it even more challenging for a small, neighborhood-based organization like ours.
Over four dozen owners and operators of affordable housing units announced a joint pledge this morning to work with their tenants in financial trouble due to the COVID-19 recession and avoid evicting them over missed rent payments.
A partnership between Fenway Community Development Corp. and Schochet Cos. will renovate and preserve affordability for 97 housing units in Lower Roxbury.
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.