Real Estate
Lottery Announced for 37 Affordable Apartments at Olmsted Place
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The Boston Redevelopment Authority on Tuesday announced a lottery for 37 affordable apartments in Olmsted Place, a luxury complex overlooking Leverett Pond and Olmsted Park. The development has been a center of controversy, including a lawsuit by the JP Neighborhood Council that led to the developer creating a $150,000 mitigation fund. That money will be split between two JP non-profits, with most of it going to City Life/Vida Urbana to aid in tenant organizing. The market-rate units at Olmsted Place begin at $2,600 a month, according to the development's website. Below is the announcement from the BRA, including important details on income limits and how to apply.