Accomplishments And Prospective 1983/1984

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The contri- bution is a noteworthy beginning of new solutions to finance low and moderate income housing in Boston's neighborhoods.
In addition, the BRA has participated on the Mayor's Advisory Group on Linkage to formulate mechanisms whereby major developers would contribute to a fund -The Neighborhood Housing Trust -dedicated to expanding the supply of decent and affordable housing in Boston. Contributions from other developments will include $500,000 from Rowes/Fosters Wharves, $2,000,000 fr
...om Parcel 7 in Government Center, and $8, 000, 000 from the Fort Hill Garage site.
The Copley Place UDAG repayment will be used as a third means of creating affordable housing. Repay- ment of the UDAG will finance the Neighborhood Develop- ment Fund, and developers will be designated for 60 units of below market housing in the South End as the first phase of the UDAG repayment.
Each of the above mechanisms are examples of how major downtown commercial development can help to achieve the City's goals to improve housing opportunities in Boston's neighborhoods.


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