The Meetinghouse Update 01/10/19

MassHousing to Provide $2.1M in Workforce Housing Financing for 233 Hancock Street

MassHousing is providing $2.1 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of 233 Hancock, a 36-unit housing development in Dorchester. Demolition of 2 auto repair shops on the site has already been completed and site work is now ongoing for the development.  Of the 36 new apartments at 233 Hancock, 10 will be affordable for working households earning up to 80 percent of the Area Median Income (AMI), and 11 apartments will be affordable for working households earning up to 100 percent of AMI. The remaining 15 units will be rented at market rates.

The development of 233 Hancock advances the Baker-Polito Administration’s goal of creating up to 1,000 new workforce housing units affordable to middle-income households through MassHousing’s $100 million Workforce Housing Initiative.

233 Hancock is being developed by ARX Urban with Dorchester based Haycon as the general contractor.

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