Developer's Kit: Southwest Corridor Disposition Parcels: 2-4 Gordon Avenue, 1315 River Street, Cleary Square, Hyde Park, Swc-4a, Swc-4b. (Draft)

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Please refer to the project guidelines where appropriate to determine the number of affordable units and the range of eligibility your development plans must include for approval .
Affordable rents and purchase prices are those which are affordable to a "low" or "moderate" income household paying no more than 30% of their adjusted gross income to rent (including utilities) or mortgage (inclusive of principal, interest, taxes, property insurance, mortgage insurance and condominium fees). Federal
... regulations for the Department of Housing and Urban Development define these income categories as follows: "Low-income" = less than 50% of the Boston SMSA median family income.
"Moderate-income" = 50-80% of the Boston SMSA*^ median family income.
"Upper Moderate- Income" = 80%-110% of the Boston SMSA median family income.
In general, units built to meet the Boston Redevelopment Authority's afford- ability requirements must be two and three bedroom units unless the City of Boston specifically sets a different standard in a planning document (e.g., Request for Proposals, etc.) or in circumstances where developers can demon- strate a specific neighborhood need for a different unit mix.


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