Mayor Michelle Wu will announce an update Thursday on the city’s Welcome Home, Boston initiative, which highlights the first round of development teams chosen to build homeownership units on city-owned parcels. Wu first announced this initiative during her 2023 State of the City address. The city released a Phase 1 Request for Proposals (RFP) earlier this year for the first parcels to create homes for residents to own. “Local builders: work with us to design high-quality, affordable homes that enhance the surrounding neighborhood, and we’ll give you the land for free. And we’ll provide increased mortgage assistance so our residents can afford to buy these homes,” she said in her address.Boston is using $58 million in federal funding to fast track the production of new affordable housing.The city has 150 vacant lots in its neighborhoods that are ready for housing, according to the mayor.Wu said new housing is not being built fast enough to address the current crisis, and that she is taking a hard look at speeding up the process of getting new affordable housing units built in Boston.The mayor will provide the update at a parcel in Dorchester, which is one of the parcels chosen for development as part of the initiative.
Mayor Michelle Wu will announce an update Thursday on the city’s Welcome Home, Boston initiative, which highlights the first round of development teams chosen to build homeownership units on city-owned parcels.
Wu first announced this initiative during her 2023 State of the City address. The city released a Phase 1 Request for Proposals (RFP) earlier this year for the first parcels to create homes for residents to own.
“Local builders: work with us to design high-quality, affordable homes that enhance the surrounding neighborhood, and we’ll give you the land for free. And we’ll provide increased mortgage assistance so our residents can afford to buy these homes,” she said in her address.
Boston is using $58 million in federal funding to fast track the production of new affordable housing.
The city has 150 vacant lots in its neighborhoods that are ready for housing, according to the mayor.
Wu said new housing is not being built fast enough to address the current crisis, and that she is taking a hard look at speeding up the process of getting new affordable housing units built in Boston.
The mayor will provide the update at a parcel in Dorchester, which is one of the parcels chosen for development as part of the initiative.
