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With 70 developments, and serving almost 26,000 people across over 12,600 public housing units, it is the largest public housing authority in New England. It also offers partial subsidies for private housing, assisting another 32,000 people, and administers federal Section 8 vouchers. [4]
The nonprofit Preservation of Affordable Housing's portfolio in Massachusetts includes 3,859 units in 40 properties across the state. Boston affordable housing group buys Dennis senior complex ...
The Old Colony Housing Project is a 16.7-acre public housing project located in South Boston, Massachusetts. First built in 1940 as a cluster of 22 three-story brick building’s housing 873 low-income units, [ 1 ] It is one of the Boston Housing Authority 's oldest developments.
The maximum rent that can be charged for designated affordable units is based on Area Median Income (AMI); [4] over 50% of residents in LIHTC properties are considered Extremely Low-Income (at or below 30% AMI). [5] [6] Less than 10% of current credit expenditures are claimed by individual investors. [7]
In August 2017, the Boston Housing Authority announced a partnership with WinnCompanies [7] on a $1.6 billion redevelopment project that would replace the 1,016 subsidized apartments with 1,365 mixed-income units, adding middle-income/workforce housing and market-rate rental units and condominiums to the replacement subsidized units. [8]
DTI = Monthly debt payments (including mortgage or rent) / monthly gross income x 100. Some lenders allow a DTI ratio as high as 50 percent, but most prefer to see you spend less than 45 percent ...
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