Popular on Rezul


Similar on Rezul

Boston: Mayor Wu, MassHousing, and Pennrose Break Ground on 95 Everett Street in Allston-Brighton

Rezul News/10737450
The City of Boston, MassHousing, and Pennrose LLC today celebrated the groundbreaking of 95 Everett Street, a new affordable, transit-oriented housing and commercial development that will deliver 88 income-restricted rental homes in Boston's Allston-Brighton neighborhood.

The project will transform long-vacant, privately owned parcels into a mixed-use development that expands access to affordable housing in a community experiencing rapid growth and rising housing costs. Once complete, 95 Everett Street will provide permanently income-restricted homes and neighborhood-serving commercial space near public transit, supporting long-term housing stability for Boston residents.

"This is what it looks like when we use every tool we have to deliver for the people of Boston: transforming long-vacant private land into permanently affordable housing," said Mayor Michelle Wu. "We're not waiting, Boston is getting shovels in the ground, expanding opportunity, and working for everyone to have a place to call home."

"This is a great mixed-income, transit-oriented development that will create 88 new homes in a fast-growing neighborhood. Projects like 95 Everett help the state move one step closer to building the new homes we need to bring down costs for all residents," said Juana Matias, Secretary of Housing and Livable Communities. "The Healey-Driscoll Administration was proud to contribute funding to help make this project possible."

Developed by Pennrose in partnership with the City of Boston and Bracken Development, the project will include a mix of studio, one-, two-, and three-bedroom apartments. All 88 units will be income-restricted for households earning up to 120 percent of the Area Median Income. Seventy-three units will be supported through the Low-Income Housing Tax Credit program, including 18 units reserved for households earning 30 percent or less of the Area Median Income, providing deeply affordable housing for some of Boston's lowest-income residents.

More on Rezul News
"95 Everett Street demonstrates how strong public-private partnerships can deliver deeply affordable housing at scale," said Chief of Housing Sheila A. Dillon. "As Allston-Brighton continues to grow and change, this development will serve as a long-term anchor for housing stability, ensuring that families and individuals are not priced out of the communities they call home."

Designed to serve both residents and the surrounding neighborhood, the development will include on-site management, a community room, and a shared roof terrace. The ground floor will feature approximately 1,400 square feet of retail space prioritized for a local small business or cultural use, supporting neighborhood vitality and an active streetscape.

"95 Everett Street offers an opportunity to bring high-quality, affordable housing to a neighborhood facing significant housing cost pressures," said Karmen Cheung, regional vice president at Pennrose. "Allston-Brighton's transit access, employment opportunities, and community assets make it an ideal location for working families and individuals. We are proud to work with the City of Boston and our project partners to ensure this neighborhood remains a place where people of all incomes can thrive."

"MassHousing is proud to support the 95 Everett Street development, which will open the door to new affordable housing opportunities for Boston residents," said Chrystal Kornegay, CEO of MassHousing. "This project shows what is possible when the City, developers, and financing partners work together to deliver affordable, sustainable, and transit-oriented homes."

More on Rezul News
The building will be constructed to meet Passive House standards, significantly reducing energy use and lowering utility costs for residents while advancing the City's climate and sustainability goals.

The 95 Everett Street Development is supported by the City of Boston's Mayor's Office of Housing, the Massachusetts Executive Office of Housing and Livable Communities, MassHousing, Pennrose LLC, Hudson Housing Capital, Massachusetts Housing Investment Corporation, and Capital One. The 95 Everett Street development reflects years of planning and advocacy for affordable housing in Allston-Brighton and supports Mayor Michelle Wu's commitment to making Boston a home for everyone.

Under Mayor Wu's leadership, Boston has made historic progress toward creating and preserving homes that residents can afford. Since the start of her first term, the City has produced or begun construction on more than 18,000 new homes, including thousands of income-restricted units. It has launched new policies to make it easier, faster, and less expensive to build housing across every neighborhood. Mayor Wu has directed record levels of investment to prevent displacement, expand affordable homeownership, and support renters and homeowners who face housing instability.

Through innovative programs like the Housing Accelerator Fund, Welcome Home Boston, and the Housing with Public Assets initiative, the City is finding new ways to create housing on public land and convert vacant buildings into homes. It also supports residents in building wealth and stability. The Mayor's focus on climate, housing, and health has also made Boston a national leader in green and energy-efficient housing. Together, these efforts are helping to make Boston a city where every resident can have a safe, stable, and affordable home, and where communities can grow stronger for generations to come.

Filed Under: Government, City
Show All News | Disclaimer | Report Violation

0 Comments

Latest on Rezul News