Housing Headlines

BOSTON --- The Federal Home Loan Bank of Boston recently allocated $3 million through its Affordable Housing Program to be used for the financing of 79 units of affordable rental and homebuyer units in Massachusetts, Maine, and Vermont. In Massachusetts, the FHLB committed over $1.9 million in grants or subsidy to help over create over 60 units of housing for households earning at or below 80 percent of the area median income.

BOSTON --- The Boston Redevelopment Authority (BRA) board recently approved Urbanica Design and Development's proposal to build forty homebuyer units in the South End. The five-story Urbanica 691 project will consist of 38 market-rate homebuyer units, two affordable homebuyer units, and 30 parking spaces. The project must win approval from the city's ZBA in December before construction can begin.

MARION --- The ZBA recently approved Maple Ridge Development LLC's proposal to construct 15 three-bedroom homes on a new road with two cul-de-sacs. Of the 15 houses in the River Viewing Landing development, four will be designated as affordable.

HANOVER --- Developer Hanover Woods, LLC recently proposed the new construction of a 152-unit rental complex adjacent to Route 3 and Route 53. The project has been submitted under the state's Chapter 40B comprehensive permit law thereby designating at least 20 percent of the units as affordable.

WESTBORO --- Developer Francis P. Zarette recently proposed a mixed-used development off Route 9 that would contain 172 units of rental housing. The apartments units would consist of 86 one-bedroom apartments and 86 two-bedroom apartments with ten percent of the units designated as affordable. The Board of Selectmen has recommended the project for approval to the ZBA.

EAST BOSTON --- The ZBA recently approved East Boston Community Development Corporation's affordable rental project proposal at 170 Maverick Street. The EBCDC proposes the new construction of a three-story building with 27 units of affordable rental housing. The building's occupants will be determined by an affordable housing lottery after construction is complete.