Boston condos
It won’t occur before he leaves office, but Mayor Menino is unveiling details of an ambitious plan that calls for the building of 30,000 new housing units in the city over coming years. From the Globe:
Mayor Thomas M. Menino is proposing to reach his ambitious goal of building 30,000 homes in Boston by allowing taller structures with smaller units, selling public land to developers at a discount, and using subsidies to spur development of more affordable housing, according to a blueprint to be released Monday.
The plan begins with quick steps that could significantly alter the landscape before Menino’s term ends. Those steps include selling large chunks of city property, and increasing fees on developers to help fund affordable housing.
About 25,000 of the units would be priced at market rates, so it’s not clear how much this will help middle-income people.
But there’s no question the city — and the state — needs more housing, so this is all most welcome.
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Updated: January 2018
