As part of any new major residential project in the city of Boston, a developer has to set aside anywhere from 10-13% of the units as “affordable”. These are usually units in the same building, but not with all the upgrades. Standard units.
Still, a sweet deal for any buyer.
And, the income limits are pretty impressive.
The affordable units are so popular that the Boston Redevelopment Authority has lotteries to pick the “winners” of the homes.
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