Is affordable housing coming to your neighborhood?
Mayor Walsh announced nearly $39 million will go toward affordable housing in Boston.
Mayor Martin Walsh announced Monday he would allocate nearly $39 million to create affordable housing developments throughout the city of Boston.
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“It is imperative that we continue to support affordable housing in our neighborhoods, and this funding will help many of our families in need of safe housing stay in their homes,’’ Walsh said in a statement. “By investing in housing, we are supporting economic development and creating jobs that will revitalize Boston’s neighborhoods for future generations.’’
The funding, which is coming from federal and local resources and Boston’s Neighborhood Housing Trust, will create or preserve 1,194 housing units, generate close to 1,200 construction jobs, and will set aside 196 units for homeless or extremely low-income families, according to Walsh’s office.
This announcement is the latest step in Walsh’s plan to add 53,000 new apartments and condos by 2030. In his State of the City address he also promised to build affordable homes for low-to middle-income families on 250 city-owned parcels of land.
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