July 2, 2013

Ribbon-cutting marks redevelopment of 40-year-old affordable housing complex

When Angela Holm moved out of Charlesview Apartments years ago, she knew she would always remain a part of the tight-knit community she grew up in. Now she, along with local dignitaries and residents past and present, celebrated the grand opening of the new Charlesview Residences at Brighton Mills.

The 340-unit mixed-income, mixed-use development in Boston’s Allston-Brighton neighborhood replaces a 213-unit housing development that served low and moderate income residents for more than 40 years. Designed by CBT Architects, the new development also includes an underground parking facility for more than 200 vehicles, common area amenities including a new computer center, and new streets and parks throughout the neighborhood.

A portion of the funding for the redevelopment comes from a land swap negotiated with Harvard University. The restructured project will be financed primarily through the Risk Sharing program and through equity raised under the Low-Income Housing Tax Credit Program. HUD has played a critical role in helping port the HAP contract for the project. Two-hundred assisted units from the old Charlesview Apartments are transferring to the new redevelopment. Additionally, the new building was designed to a LEED® Silver certifiable standard, with a focus on energy efficiency and water management.

Located less than a half-mile from the former Charlesview Apartments, and in close proximity to public transportation, retail shops, restaurants and higher education institutions, Charlesview residents are eager and excited to move in to their new homes.

Elizabeth Montaquila is Management Analyst at HUD’s Region I office in Boston.

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