Seven local community development corporations have received the funding to take ownership of 925 affordable apartments in Dorchester, Roxbury and Jamaica Plain.
Last week, the Metropolitan Boston Housing Partnership presented seven CDCs with $680,000, marking the end of what was known as BHP II Limited Partnership (BHP II). The money represented the net worth reserve distribution, the refunding of dollars the CDCs were required by law to provide in the forming of BHP II more than 20 years ago.
"The checks mark the final chapter in this success story," said MBHP Executive Director Chris Norris. "BHP II proved that working together, private investors, the government and nonprofit agencies can preserve affordable housing options that are critical to curbing homelessness and helping elderly, disabled and economically disadvantaged individuals and families have a safe place to live. The CDCs’ ownership of these apartments ensures local control and management of the units, which is a significant factor in establishing and preserving neighborhood stability."
Through BHP II, Urban Edge Housing Corp. was able to renovate and preserve 65 affordable apartments in four buildings in the Egleston Square section of Boston’s Jamaica Plain and Roxbury neighborhoods. The apartments are known as the Walnut-Washington Apartments.
BHP II provided the Dorchester Bay Economic Development Corp. funds to renovate and preserve 133 Columbia Road apartments in Dorchester.
Nuestra Comunidad Development Corp. identified 97 La Concha "scattered site" apartments in Roxbury to benefit from BHP II resources.
The Fields Corner Community Development Corp. renovated and preserved 67 Fields Corner Granites apartments in Dorchester under BHP II.
The other CDCs involved in the BHP II partnership and their affected properties are:
- Lena Park Community Development Corp., 143 apartments in Roxbury.
- Quincy Geneva Housing Corp., 94 apartments in Roxbury.
- Codman Square Neighborhood Development Corp., 326 apartments in Dorchester.
