Two local community development corporations released their proposal earlier this month to build a four-story, $15 million affordable rental development at City-owned land formed by the triangle of Heath, New Heath and Bromley streets, according to project documents.
The project, which is being proposed by the team of Back of the Hill Community Development Corporation (BOTH CDC) and the Jamaica Plain Neighborhood Development Corporation (JPNDC), would encompass 40 affordable apartments consisting of three-, two- and one-bedroom units. There would also be 800 square feet of non-residential space that might be used for either an office or studio.
Funding for the development would come from four different sources: tax credits, city subsidy, state subsidy and a permanent loan. If funding is approved and the project is given the green light through the permitting process, it is slated to begin construction in 2017 and finish two years later.
BOTH CDC and JPNDC previously co-developed the Back of the Hill housing. The team entered the sole bid for the City-owned land after the Department of Neighborhood Development held three community meetings and a site tour to discuss development options.
The parcels in question total almost 29,000 square feet. The City acquired them through tax foreclosures and is planning their development as the last stage of the 15-year-old Heath Street Planning Initiative.