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Boston expands subsidized housing units with pandemic aid

Boston’s Office of Housing said more than 6,200 income-restricted units are built or under construction during Mayor Michelle Wu’s first term, the most in 25 years.

Reported · Written up by our desk · Residential

Boston has accelerated the construction of subsidized housing after deploying $560 million in pandemic-era relief funds, according to a new report from the city’s Office of Housing, cited by ConnectCRE.

The city said it has generated more than 6,200 new income-restricted units that are built or under construction during Mayor Michelle Wu’s first term, which the report described as the highest production level in the past 25 years.

ConnectCRE also reported that Boston’s share of subsidized housing inventory is higher than any peer in the nation’s 15 largest markets.

While construction has slowed more broadly in Boston due to rising construction costs and higher interest rates, federal pandemic aid is set to run out by year end, prompting the city to seek new funding avenues, according to the Boston Business Journal and Karina Oliver-Milchman, the city’s Office of Housing director of policy development and research.

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