Bartlett Place in Dudley Square
Could this be the sign of a new trend in real estate development in Boston?
The Boston Herald is reporting that nearly half (46%) of all new housing that started construction in Boston (January – March) is designated as affordable housing.
According to a housing report released from the city earlier this week these properties are designed for people who make between $50,000 and $95,000; that is an increase of 26% over the same time last year.
That translates into 745 units designated as affordable housing or middle-class housing as compared to 442 high-end or “luxury” units that began during the same time period. An example of the housing under construction is Bartlett Place in Dudley Square which is a mixed use property that will have 32 of the 60 units designated as affordable. For more information about projects like Bartlett Place visit courbanize.com.
I hope that this is a trend that continues to help make Boston a more affordable and diverse city welcome to everyone; teachers, social works, artists, etc… as well as engineers, lawyers and doctors. You can read the full article here.
BosGuy 
What really needs to be examined is the definition of “affordable housing.”
A studio unit in a development that goes for 35% less than retail is not affordable for the majority of folks – and on the rental side it is worse.
For way too long the city and Commonwealth have played the game of faux pricing.
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