Boston's foreclosure rate reached a 17-year low in 2019, dropping 61 percent in 2019 compared to 2018. Across the city foreclosure executions went down from 103 in 2018 to 40 in 2019, according to city statistics. Comparatively, 1,215 foreclosures were executed in 2008 during the height of the housing crisis. "I'm proud that through our work with homeowners, we have been able to reduce the number of foreclosures in Boston, and keep more families in their homes," said Mayor Marty Walsh via press release. "These results show that our programs and policies to prevent foreclosures and evictions are working.
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.
Another piece for the eventual Jackson Square Recreation Center fell into place last week after the city conveyed a 5,970 sq. ft. vacant parcel on Richie Street to Urban Edge to be used for the project. Last week the Public Facilities Commission provided the city's 1 Richie St. site to Urban Edge for the Jackson Square Recreation Center, according to Boston's Department of Neighborhood Development.
The Boston Planning & Development Agency (BPDA) board approved new plans for a proposed Jackson Square Recreational Center that vastly increases the size of the center and adds an additional floor. The BPDA board approved plans on March 17 that call for a 75,000 square foot recreation center at the intersection of Columbus Avenue and Ritchie Street across the street from the Jackson Square MBTA Station in Jamaica Plain. Earlier plans had the project at 34,000 square feet, said BPDA spokesperson Bonnie McGilpin. The size increase is due to an the addition of another floor to the project. The recreation center would be a three-story multi-use indoor space with an ice rink on the first floor 10 months of the year, with a mezzanine level (regarded as the second floor) that includes bleacher seating for the ice rink.
State Rep. Liz Malia was proud to recognize Urban Edge Housing Corporation for their recent receipt of state and federally funded housing tax credits that will enable them to build 49 new units of affordable family housing in the Egleston Square neighborhood. The Walker Park Apartments is a new construction project sponsored by Urban Edge that the Massachusetts Department of Housing & Community Development will support with federal and state funds. The City of Boston also is providing funds to the project, according to a press release from Malia (D-Jamaica Plain). Of the 49 units, eight will be reserved for households earning less than 30% of area median income.