As the Fenway, Chinatown and South End continue to face gentrification and housing displacement pressures, contributions from four private developers could deliver more than 700 new income-restricted housing units in coming years.
A partnership between Fenway Community Development Corp. and Schochet Cos. will renovate and preserve affordability for 97 housing units in Lower Roxbury.
From Boston City Councilor Lydia Edwards’ perspective, the worst outcome for the redevelopment of the 161-acre Suffolk Downs property would be a finished product that resembles the Seaport District.
Under pressure from housing activists and priced-out residents, some cities are taking aim at housing developers, hoping to achieve by government mandate what the market has so far, at least, failed to deliver. It’s a recipe for disaster.
Boston’s most powerful policy weapon to encourage private development of affordable housing is continuing to pay off, so much that officials are considering whether to change the requirements for the second time in three years.
