mark.gartsbeyn
March 15, 2021 7:04 pm
Boston has earmarked $34 million to build and preserve 841 affordable housing units across the city, Mayor Marty Walsh announced earlier this month.
The new funds, which are roughly equal to the cost of a single Back Bay penthouse sold last year, will go toward creating 608 new income-restricted units and preserving 233 existing units. Nearly 200 of those units will be set aside as permanent housing for people and families who are homeless, and others are reserved for seniors and adults recovering from substance use. Some units will be available to own instead of rent.
“Everyone deserves a place to call home, and this funding will go a long way towards making that reality for so many people,” Walsh said in a statement.