BOSTON-Action for Boston Community Development completed its development of a 45-unit senior affordable housing complex at 198 Geneva Ave. in the neighborhood of Dorchester. The $6.6 million project is on the site of the former Boston Ice Co.

The city awarded ownership of the parcel–which includes 198 Geneva Ave. as well as 22 Beechwood St.–to Action for Boston Community Development in 1996 after the city conducted an extensive environmental cleanup of the site. The development company constructed 45, one-bedroom units on the site. The project also features community, conference, sitting and exercise rooms.

“Boston’s housing market is pricing too many seniors out of the neighborhoods they grew up in and raised their families,” says city Mayor Thomas M. Menino. Funding for this project was provided by the city’s department of neighborhood development, HUD, the city’s department of housing and community development and FHLB though Boston Private Bank.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.