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

NYPD: Suspect fleeing traffic stop shot by cop…

The NYPD said an officer temporarily reassigned for the Summer All Out program shot a suspect who slammed into two NYPD cars and hit a cop in Brooklyn.

Local

De Blasio and first family will travel to…

Mayor Bill de Blasio and New York City's first family will travel to Italy later this month for a summer vacation.

Local

TIPS: How to take great photos during 'Manhattanhenge'

Grab your camera and make the perfect picture this Saturday.

National

Seinfeld emoji cound be available next week

Get your puffy shirts and your marble rye ready, America. Seinfeld emoji could become available as early as next week.

Gossip

PHOTOS: Topless Cara Delevingne advocates for 'Free the…

Supermodel Cara Delevingne is never one to shy away from the gaze of social media. Yesterday, she chose to advocate for the 'Free the Nipple' campaign via Instagram, where she…

Gossip

PHOTOS: Axelle Despiegelaere AKA "most beautiful" fan gets…

Axelle Despiegelaere, the "most beautiful" soccer supporter of this year's World Cup, was fired by L'Oreal for a hunting photo on her Facebook account.

Television

Final season of 'Glee' will be only 13…

The final season of "Glee" will officially be only 13 episodes, instead of the usual 22.

Entertainment

Complex characters, juicy scripts boost Netflix's Emmy nominations

The unconventional approach to TV at Netflix netted 31 Emmy nominations, a major achievement after plunging into original programing just last year.

NBA

GIF: LeBron James returns to Cleveland so deal…

To anyone out there who is upset about his decision, this .GIF is for you. Enjoy.

World Cup

A game of two popes: Vatican plays down…

By Philip PullellaVATICAN CITY (Reuters) - With Argentina meeting Germany in the World Cup final, the Vatican on Friday brushed aside talk of soccer rivalry…

NFL

Which Jets player has the best odds at…

Metro New York asked Bovada.LV to rank the top three contenders for the NFL MVP on the Jets.

World Cup

Argentina prevails in penalties, advances to final

The drama never seems to subside as the World Cup finally has its final two.

Wellbeing

Fart gas might prevent cancer

You might not like the smell, but fart gas might help prevent cancer.

Tech

Mesh sheds light on top 10 dating deal…

What are New Yorkers' top 10 dating deal breakers? Find out here.

Wellbeing

This Week in Health: Sexual headaches can be…

Sexual headaches: an under-discussed health issue Location: U.S. Results: If getting frisky brings on a headache, you’re not alone. Headaches associated with sexual activity represent a…

Food

Head to FiDi for free Chia Pods from…

They may have been last summer's darlings, but chia seeds have definitely not gone out of style. A great source of omega-3 fatty acids, they…