From Redfin’s Sweet Digs blog:
In an effort to avoid that problems that have arisen with housing projects in Charlestown and Cambridge, the Neighborhood Association of Back Bay announced today that it has set up a private fund to help defray housing costs for potential residents, allowing the less well-heeled to take up residence in the neighborhood …
… Under the plan, households making less than $100,000 yearly will be eligible to buy properties at a progressively discounted rate, based on the pace of inflation and the length of time a property has been on the market.
Oh, how meta this has suddenly become!
Source: Da, Comrade – Back Bay Announces Housing Subsidy – Sweet Digs: Redfin Boston blog