WASHINGTON, DC – (RealEstateRama) – The Department of Housing Community Development (DHCD) and the Executive Office of Housing and Economic Development (EOHED) announced funding awards to POAH and Nuestra Comunidad Development Corporation that will enable construction to begin on 135 rental apartments in the Mattapan neighborhood of Boston by the end of this year.
This new development in Mattapan will transform a 2.57-acre parking lot at the MBTA’s Mattapan Station on the Red Line into a mixed-use development with housing, retail and community space. The development will include 135 rental apartments, with housing options for a range of low and moderate income renters, and approximately 10,000 square feet of retail space. The design will highlight the Neponset River Greenway and create an access point for the neighborhood to this important community amenity.
POAH is partnering with nonprofit Nuestra Comunidad Development Corporation on this innovative transit-oriented development project that will create a vibrant, mixed-income community and strengthen the property’s connections and contributions to the surrounding community.
The Commonwealth will provide $5.25 million in DHCD funds, $1.75 million from the MassWorks Program as well as allocations of State and Federal Low Income Housing Tax Credits, which is expected to generate over $33 million in private equity. Previously, the City of Boston committed $3 million to the project from the Department of Neighborhood Development and the Neighborhood Housing Trust.
This new development in Mattapan will transform a 2.57-acre parking lot at the MBTA’s Mattapan Station on the Red Line into a mixed-use development with housing, retail and community space. The development will include 135 rental apartments, with housing options for a range of low and moderate income renters, and approximately 10,000 square feet of retail space. The design will highlight the Neponset River Greenway and create an access point for the neighborhood to this important community amenity.
Source: POAH
