Boston Street Crossing Project Awarded State Funding

SALEM, MA — The Boston Street Crossing rehabilitation project became one of 26 affordable housing projects in the Commonwealth to be awarded a portion of over $90 million in state funding, Gov. Charlie Baker announced Monday.

In an effort to slow the rapidly rising cost of housing in Massachusetts, Baker described the funding as a way to increase inclusivity and supporting the most vulnerable residents facing nearly insurmountable rent and mortgages. The Boston Street Crossing project will offer 26 affordable units for formerly homeless residents.

“By increasing affordable housing production, and stabilizing working families, low-income senior citizens and homeless families or those at risk, these housing awards will strengthen communities across Massachusetts,” Baker said as he announced the awards outside of the Young Men's Christian Union Building in Boston.

According to the governor's office, more than $31 million of the awards come through the Department of Housing and Community Development in state and federal low-income housing tax credits, expected to generate over $218 million in equity. Another $59 million in housing subsidy funds, including federal HOME funds and state capital funds, will be distributed through the governor's office to the 26 projects.

The Boston Street Crossing project, sponsored by Harborlight Community Partners, will contain units that will be reserved for household earning less than the area's median income.

A representative from Harborlight Community Partners was not immediately available for this story. Check back with Patch for comments.