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City of Boston, MassHousing to Bring 55 Affordable Homes
The City of Boston and MassHousing announced a plan to transform three sets of vacant city-owned lots into 55 new affordable homeownership opportunities for first-time homebuyers. Developers DVM Housing Partners, DREAM Development, and Urbanica will construct the homes across Mattapan, Roxbury, and Dorchester, respectively.
The projects are supported by $13.3 million from MassHousing’s CommonWealth Builder Program and $7.4 million from the city’s Mayor’s Office of Housing. This initiative aims to bridge the racial homeownership gap in Massachusetts by creating affordable housing and promoting generational wealth. The developments will include a mix of one-, two-, and three-bedroom homes, with affordability restrictions for households earning between 70% and 120% of the Area Median Income (AMI).
“Homeownership is a pathway to building generational wealth and achieving economic stability for families,” said Boston’s Chief of Housing Sheila Dillon. “We appreciate the collaboration with our partners including MassHousing, community members, and local developers to make these projects successful.”
- ◦Development
