Boston Affordable Homeownership Projects Awarded State Commonwealth Builder Funding

~ Boston, MA- The City of Boston has announced that three affordable homeownership projects have been awarded funds through MassHousing's CommonWealth Builder program. This final piece of funding will allow construction to begin on 108 affordable condominiums for first-time homebuyers in Nubian Square, Mission Hill, and Beacon Hill.

Mayor Michelle Wu expressed her gratitude to the state and community partners for their coordinated efforts in addressing the housing shortage in the Greater Boston region. "By investing in ready-to-deliver projects, we are creating more homes for families throughout Boston, helping residents put down roots and keep our communities strong," said Mayor Wu. She also thanked the neighborhood partners who played a crucial role in shaping the vision for these new homes and are ready to welcome new neighbors to their community.

The awards were given to projects that met strict criteria for financial feasibility, readiness, and long-term affordability as outlined in the CommonWealth Builder program guidelines. This program provides forgivable construction financing to developments that create deed-restricted, income-eligible homeownership units, aiming to address the growing need for attainable housing across Massachusetts.

Chief of Housing Sheila A. Dillon expressed her gratitude for receiving funding for three high-quality homeownership projects that will provide over 100 affordable homes for families. "These developments will create real opportunities for residents to build wealth, stay in their communities, and contribute to the long-term stability of our neighborhoods," said Dillon.

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One of the awarded projects is 27-29 Hancock Street in Beacon Hill, led by Fenway Forward. This project will convert two long-vacant historic buildings into 15 affordable homeownership condominiums located steps away from Mass General Brigham and the State House. The project was strongly supported by neighbors and is considered the most significant affordable homeownership development in Beacon Hill, a neighborhood that currently only has one affordable homeownership unit available. The development will offer a mix of studio, one-bedroom, and two-bedroom homes.

In Mission Hill, the Mission Hill Pathway project will transform long-vacant city-owned land into 48 affordable homeownership units, along with community gardens and new passive open space. The development prioritizes environmentally friendly design, including green infrastructure and tree canopy expansion, while also turning a formerly contaminated site into a neighborhood asset that supports families and strengthens the community.

The third awarded project, NUBA Homes in Nubian Square, Roxbury will create 45 income-restricted homeownership units as part of a larger mixed-use development that also includes affordable rental housing, arts space, and a public park. Located along a major transit corridor, the project aims to serve a range of incomes and enrich the neighborhood.

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The CommonWealth Builder program prioritizes developments that are ready to proceed and aligned with local housing goals. Boston's success in securing three out of four awards highlights the city's strong pipeline of projects and ongoing collaboration with state partners to address housing affordability.

Since taking office, Mayor Michelle Wu's administration has made significant efforts to expand affordable homeownership opportunities across Boston's neighborhoods. To date, the City has supported 46 homeownership development projects representing more than 1,100 ownership units. This includes 908 income-restricted homes designed to help working families build long-term stability and generational wealth. Out of these projects, 10 developments totaling 234 units have been completed, 18 projects with 348 units are currently under construction, and another 18 projects representing 528 units are in the development pipeline. In addition to creating new ownership opportunities, the Mayor's Office of Housing has also expanded access to down payment assistance and homebuyer support services to help first-time buyers overcome financial barriers to purchasing a home in Boston. Through these combined investments, Mayor Wu's administration continues to make affordable homeownership more accessible for Boston residents while strengthening neighborhood stability and economic opportunity across the city.

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