Mayor Martin J. Walsh and the Department of Neighborhood Development today announced that a housing project that will add 62 new affordable rental units in Jamaica Plain is moving forward after receiving a funding commitment from the Commonwealth of Massachusetts. The Holzer Park Project (125 Amory Street, Building C) had previously received funding commitments from the City of Boston.
“I am excited that this project, along with several others, received the final amount of funding needed to begin the work to build more homes in our neighborhoods,” said Mayor Martin J. Walsh. “This project adds 62 subsidized housing units that will offer more opportunities for low and middle income families to live and work in Boston and further contributes to the goals laid out in our Housing Boston 2030 plan.”
Holzer Park is part of the Boston Housing Authority’s 125 Amory Street redevelopment, a joint venture between The Community Builders (TCB), Jamaica Plain Neighborhood Development Corporation (JPNDC), and Urban Edge to renovate and preserve 199 public housing units and repurpose BHA administrative offices into 12 new affordable units. An additional 134 units of affordable housing and 215 market rate apartments in three new buildings are being constructed adjacent to this BHA property. The 199 existing units and 12 new units at 125 Amory Street will be preserved as deeply affordable through Section 8 project-based vouchers (PBV) which will be provided by the Boston Housing Authority.
Three new adjacent buildings will include 21 deeply affordable project-based voucher units provided through Urban Edge, 41 additional affordable units supported with Low Income Housing Tax Credits, and 72 affordable units funded through inclusionary housing programs. There will also be 215 market-rate apartments.
Holzer Park, which is being developed by Urban Edge, will receive federal and state Low Income Housing Tax Credits and subsidy funds. When completed, Holzer Park will have 62 new rental units, 41 of which will be reserved for households earning less than 60% of Area Median Income (AMI) or less than $57,000 for two people. Another fourteen units will be reserved for Bostonians earning less than 30% AMI (or less than $28,450 for two people).
These awards were announced as part of the larger commitment from the Commonwealth of Massachusetts, and include $80 million in funding and $40 million in tax credits. In Boston, these awards will support eight affordable housing projects, including Boston Housing Authority developments. These awards will help create 420 units of housing, including 400 affordable units in five neighborhoods: Dorchester, Mattapan, Mission Hill, North End, and Roxbury.