Boston to create 30,000 housing units by 2020

Boston's skyline is changing thanks to new housing projects. (Photo Credit: ariatours.com)
Boston’s skyline is changing thanks to new housing projects.
Credit: ariatours.com

Boston Mayor Thomas Menino joined the Housing Boston 2020 Advisory Panel this morning to announce a new plan to build 30,000 units of housing in the city by the year 2020.

Boston 2020 today outlined plans to leverage $16 billion in public and private investment, in order to meet the changing demographic needs of the city and its residents.

“Boston 2013 is thriving, and well positioned to meet its bright future,” Menino said. “But one thing has not changed: In order to fulfill its promise, we must stay focused on creating housing, because this is an issue that affects every Boston resident. We do not simply need to put roofs over peoples’ heads; we need to think carefully about the right kind of housing for our changing city.”

Housing Boston 2020 will serve as a concrete action plan for the remaining days of the Menino administration, while serving as a blueprint for an incoming administration. Working with the Mayor’s Housing Advisory Panel, city staff and external thought leaders identified four main priorities for the city: accommodating growth; expansion of the middle class; affordable housing for Boston’s workforce; and college and university housing.

Specifically, the plan calls for:

  • The addition of 30,000 new units of housing by 2020; 25,000 of these will be private market rate units, requiring $10 billion in new investment in Boston;
  • The establishment of a 5,000-unit, $1.5 billion to expand the supply of affordable housing for the middle class;
  • The creation of 5,000 new units of affordable, deed-restricted housing, while maintaining 97 percent occupancy rates and preserving 95 percent of expiring affordable housing, requiring $2 billion in governmental and private financing;
  • The investment of $1.5 billion to house 10,000 more full-time students, including a new focus on housing graduate students.

Today’s announcement included the chief of housing and the director of the department of neighborhood development, Sheila Dillon, and the director of the Boston Redevelopment Authority, Peter Meade.

Follow Morgan Rousseau on Twitter: @MetroMorgan
Follow Metro Boston on Twitter: @MetroBOS



News
Entertainment
Sports
Lifestyle
Local

Gunther from 'Friends' talks Central Perk

We spoke with Gunther (James Michael Tyler) at the preview for new pop-up Central Perk, based on the cafe in "Friends."

Local

Central Perk opens in SoHo

Central Perk, of "Friends" fame, is giving out free coffee in SoHo through Oct. 18.

National

Beer sponsor Anheuser-Busch reproaches NFL over domestic abuse

Anheuser-Busch chastised the NFL for its handling of domestic violence cases, making it the first major advertiser to put pressure on the league.

Local

Sen. Krueger dishes on prospect of legal marijuana…

New Yorkers may see the legalization of recreational marijuana use as early as 2015 if State Senator Liz Krueger (D) gets her way. The Marijuana Regulation and Taxation Act will…

Music

FREEMAN makes Freeman a free man from Ween

For nearly 30 years, Aaron Freeman was known endearingly to his listeners as Gene Ween. But with "FREEMAN," he makes it clear that he's gone somewhere else.

Television

'Outlander' recap: Season 1, Episode 6: 'The Garrison…

Whipping, punching, kicking and a marriage contract. "Outlander" is not for the faint of heart this week with "The Garrison Commander."

The Word

The Word: Hey girl, it's a girl for…

It's a girl for Ryan Gosling and Eva Mendes, who reportedly welcomed a daughter last Friday, according to Us Weekly. The super-private couple managed to…

Television

TV watch list, Tuesday, Sept. 16: 'New Girl,'…

Check out the season premiere of "New Girl," as Jess competes with Jessica Biel for a guy's attentions.

MLB

5 top contenders for NL Rookie of the…

The outing rekindled award talk for deGrom, who appears to hold the top spot for NL Rookie of the Year honors. Metro breaks down a few other contenders.

College

College football Top 25 poll (AP rankings)

College football Top 25 poll (AP rankings)

NFL

Tom Coughlin says Giants 'beat themselves' against Cardinals

Head coach Tom Coughlin, who had a day to cool off and reflect, still sounded like he had a gnawing feeling in his gut.

NFL

Marty Mornhinweg accepts blame for Jets timeout fiasco

Jets fans looking for a scapegoat for Sunday’s timeout fiasco found a willing party on Monday: Marty Mornhinweg.

Style

Rachel Zoe: New York Fashion Week Spring 15

Rachel Zoe goes 'Glam bohemia' for Spring.

Food

Where to find SweeTango apples

Introduced in 2009, SweeTango — a hybrid of Honeycrisp and Zestar — is a sweet apple with plenty of crunch.

Style

London Fashion Week recap

London Fashion week gets in on the action with politics, heritage and summertime living.

Food

Padma Lakshmi's recipe for green mango curry

Padma Lakshmi shares her recipe for green mango curry in UNICEF's new book, "UNICHEF."