$22.6M projects to yield 48 units
UPDATED, March 5: Two projects described as affordable plan to add 48 rental housing units in town and have received the funding they need to be built by 2021.
Pamela Hallett, executive director of the Housing Corporation of Arlington, reported Thursday, Feb. 28, that projects in Downing Square and on Broadway were approved for about $22.6 million, with the state providing about $15.75 million. The nonprofit corporation of Arlington is the sponsor.
"We at HCA are thrilled to be bringing a $22M project to Arlington and adding another 48 units to the town’s affordable-housing inventory," Hallett wrote in a March 5 email. "With this project, HCA will have added 150 units and about 2.5 acres of land dedicated to affordable housing.
"We thank the Department of Housing and Community Development for funding this project. We especially thank the state Sen. Cindy Friedman, state Reps. Sean Garballey and Dave Rogers, the town’s CPA Committee, the Select Board and Town Meeting members for their strong support of the project."
The state Department of Housing and Community Development is providing federal and state low-income housing-tax credits and subsidy funds in support of the project. The Town of Arlington is contributing $1.395 million in community-development and community-preservation funds. Malden Redevelopment is including $2.47 million.
What is deemed affordable
All units will be affordable to households earning at or below 60 percent of the area median income. For a single individual, Hallett said, that is just under $44,000 for 2018.
The Downing Square Broadway Initiative, for which the nonprofit has the $3 million first mortgage of $3 million, will have one-, two- and three-bedroom units.
The site near the Heights, called 19R Park Ave., is at Lowell Street and Park Ave. Extension. The two planned structures expect to have 23 parking spaces.
One building, a three-story walk-up across from Peter Pan Superette, will have six two-bedroom units.
A second building is a 28 unit, four-story, elevator building running along the Minuteman Bikeway.
Near Thompson School
The East Arlington part of project, at 117 Broadway, near the Thompson School, plans for 14 units, with commercial space on the first floor for the Arlington Food Pantry and perhaps one other tenant. The four-story building will have an elevator and 17 parking spaces.
Construction is expected to begin this summer.
Hallett expects construction to take 18 months. Which structures are built will be determined in negotiations with the general contractor, she said.
These were among a number of projects announced by the Baker administration. See the state news release here >>
Oct. 31, 2016: 2nd of 2 affordable-housing plans draw fewer questions
This news summary was published Sunday, March 3, 2019, and updated March 5, with a quote.