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Boston City Council OKs $110M housing accelerator fund

Summary by Boston Herald
The Boston City Council approved a $110 million housing accelerator fund filed by the mayor and aimed at spurring housing production for projects that have already been greenlighted, but lack the financing to begin construction.

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Boston HeraldBoston Herald

Boston City Council OKs $110M housing accelerator fund

The Boston City Council approved a $110 million housing accelerator fund filed by the mayor and aimed at spurring housing production for projects that have already been greenlighted, but lack the financing to begin construction.

·Boston, United States
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Universal HubUniversal Hub

Boston council approves loan fund to spur housing construction

The City Council today unanimously approved a $110-million fund to help finance new housing in the city through low-cost loans for new housing that meets certain city criteria for affordable units, the use of minority- and women-owned subcontractors and climate resiliency. The measure now goes to Mayor Wu for her signature, which it will likely get since she proposed a version of the measure last year. Under the proposal, as loans, with rates be…

·Boston, United States
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Universal Hub broke the news in Boston, United States on Wednesday, January 15, 2025.
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