Development

Amory Street Developer Changing # of Units from 140 to 96, Making All Affordable Housing

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A developer wants to reduce the number of units already approved for a project at 127 Amory St., and make all units affordable. The Community Builders filed a project change notice with the Boston Planning & Development Agency (BPDA) regarding the project at 127 Amory Street, which is the third phase of a four phase project under construction at 125 Amory St. The original plan was for 140 newly constructed units with 105 to be rented at market rate. The other 35 were going to be rented at 70% or less AMI (area median income). The majority of the units were going to be studios or one-bedroom apartments, with 25% of the units containing two or more bedrooms. The approved plan was to include 58 subsurface parking spots and 14 outdoor parking spots.

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Real Estate

Joint Venture Including JPNDC Tapped to Renovate, Build More Than 500 Housing Units

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The Boston Housing Authority has designated Amory Partners, a joint venture of the Jamaica Plain Neighborhood Development Corp., Urban Edge and The Community Builders, to redevelop 125 Amory St., a 215-unit public housing for elderly and disabled near Jackson Square. In a press release, the Housing Authority said, "Some of the key features and determining factors of the selection include preservation of existing public housing units and generation of up to $3 million in cross subsidy from new mixed income units. The second component is the new connection to the surrounding neighborhood to create a more integrated development. The final design will include a total of 509 units of which 185 will be market rate and 324 workforce/affordable." Amory Partners will add 214 new apartments in satellite  buildings on the vacant land of the site around the main building of Amory Apartments.

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Real Estate

Giant Elderly and Disabled Housing at 125 Amory St. Eyed for Renovation

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Obtaining funding for public housing projects is frequently a challenge. "I'm convinced that the funding for public housing as we know it is gone and it's not coming back," Boston Housing Authority director Bill McGonagle told the Bay State Banner in January, noting that the Department of Housing and Urban Development was pushing housing authorities in the direction of public-private partnerships. This is being done at Amory Street Apartments, 125 Amory St., under the HUD Rental Assistance Demonstration program authorized by Congress in 2012. Amory Street Apartments has 215 units of mostly studio and one-bedrooms; it opened in April 1973. In 2013, the BHA was one of 68 housing authorities nationwide selected by HUD to participate in RAD. RAD allows housing authorities to form partnerships with private or non-profit developers to leverage public and private debt and equity in order to reinvest in public housing stock according to the HUD announcement.

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