CDC’s affordable housing solution
As part of the solution to the housing crunch, the organization
is involved in the development and management of 370 housing units
in Allston-Brighton. These units are managed by Maloney Properties,
said John Woods, director of housing development at the Allston
Left: Existing view of 81 Hano St. Right: The proposed view of
81 Hano St.
Another project that began a year and a half ago is the construction
of 50 subsidized rental units and 10 townhouses on 33 Everett St.
and 81 Hano St., converting the space where the old Legal Seafood
Factory resided into an improved area for families to raise their
children, Woods said.
The rents will be affordable to families making 60 percent of
the median income with the assumption that families will pay no
more than 30 percent of their gross monthly income on rent, he
A family of four, for example, could not have an income of more
than $48,480 to qualify. Average rents are expected to be $792
for a one-bedroom, $950 for a two-bedroom and $1,092 for a three-bedroom
apartment, Woods said.
The CDC plans to build 10 townhouses on 81 Hano St. and placed
on the market for $150,000 to $180,000, Woods said. The townhouses
will contain separate entrances, basements and a front yard. Parking
will be available for all residents.
old Legal Seafood factory which was demolished for the
newhousin development. Right: The
proposed view from 33 Everett St.
The CDC expects to complete the housing development around April
2005, Woods said.
Along with the Hano and Everett Street developments, the Allston
Brighton CDC owns and operates units on Ashford Street, Commonwealth
Avenue, Carol Avenue, Glenville Avenue and Hano Street.
Housing developments are only a part of the way the Allston Brighton
CDC has been working to improve the housing situation.
3 Pilot Mortgage Program-