The Holzer Park project on Amory Street is moving forward after the state committed to funding the building that will provide 62 new units of transit-oriented rental housing.
Mayor Martin Walsh and the Department of Neighborhood Development made the announcement on July 23, as the project at 125 Amory Street has already received funding from the city.
"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 Walsh via press release. "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."
All of the 62 units will be income-restricted across different income levels. The breakdown will consist of 41 units for households earning less than 60 percent of Area Median Income (AMI) or less than $57,000 for two people. Another 14 units will be reserved for Bostonians earning less than 30 percent AMI (or less than $28,450 for two people).
Holzer Park is part of the Boston Housing Authority’s (BHA) 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 affordable through Section 8 project-based vouchers that will be provided by the BHA.
Developer Urban Edge will receive federal and state Low Income Housing Tax Credits and subsidy funds for Holzer Park, according to a press release.