Morton Village Apartments Update 11/03/20

City of Boston Commits $4M to Morton Village Acquisition

The City of Boston announced it has committed $4,000,000 in preserving 207 affordable rental units in Mattapan. The complex at 65 Morton Village Drive was sold to Avanath Capital Management, LLC with the intent of preserving the below-market-rate units as permanently affordable. The previous owner, the Mirak family, sold the property after more than 50 years of management.

The sale comes as the single largest property acquired to date towards the City's commitment to purchase 1,000 units out of the speculative housing market.

Morton Village Apartments

Photo: CBRE

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