From the Boston Herald:
Boston’s kicking in $40 million to create 718 new housing units, Mayor Michelle Wu announced.
“Housing is health,” Wu said in a press conference on Tuesday. “It is opportunity and safety and stability and a monthly foundation for our recovery from this pandemic.”
In total, this $40 million is for 718 units, with nearly all of them to be newly created across 14 projects. One smaller grant is for preserving some senior housing.
To pay for this all, $14.6 million comes from funding raised by the Community Preservation Act. That’s money that comes from a levy on Bostonians that’s earmarked for open space, preservation and housing. The rest of the cash is a combination of local and federal funds that come through the mayor’s Office of Housing.
The bundles of dough are spread out around the city. For example, $3.5 million goes to building 85 income-restricted units on a parking lot in Chinatown, and $4.8 million — the biggest single chunk — will go to redeveloping an old Boston Housing Authority administrative building into 96 affordable-housing units in Jamaica Plain.
Read the Boston Herald's article "Boston putting $40M toward affordable housing projects," featuring the Boston Housing Authority.