Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Nonprofit Heading Home Seeks Buildable Land for Unsubsidized Housing
Heading Home, Inc., a nonprofit provider of shelter, housing, and support services for families in Eastern Massachusetts, is actively seeking to acquire a property to test an unsubsidized, scalable affordable housing solution for working-class families across the commonwealth.
Requirements for the lot include approximately 1/2 acre of buildable land, ideally located in a by-right zoning district in Eastern Massachusetts. Heading Home plans to build a 6-to-12-unit modular structure on the property consisting of two- and three-bedroom apartments. The organization expects to rent the units for $1,500 to $2,200 per month to households earning between $58,000 and $115,000 annually or 50–80% of Area Median Income.
“The state’s affordable housing system currently serves only about 32% of eligible households,” said Danielle Ferrier, CEO of Heading Home. “The sector has spent decades prioritizing its resources for families in the lowest income brackets, while most for-profit developers are focused on their bottom line. The result is housing that’s cost-prohibitive to a large share of the state’s workforce.”
- ◦Development
