City of Boston Sets Affordable Housing Record - Arthur Winn Commentary

A recent article in the Boston Globe discussed the affordable housing record boom in 2015 in the city of Boston. Arthur Winn comments -

"The record number of permits for affordable housing in Boston in 2015 was driven largely by the luxury building boom the city is experiencing, especially in its Seaport District. With more permitting remaining to be done and new zoning regulations from Mayor Walsh now taking effect, it’s likely that 2016 also will be a strong year for affordable housing in the city. Mayor Walsh’s commitment to increasing the number of affordable housing units in the city is authentic and he’s made the issue a centerpiece of his first term. With average rents now hovering around the $2,000 a month mark, the definition of “affordable” rents in Boston proper is being redefined every time the ribbon is cut on a new luxury tower. If the need and demand for affordable housing has to be met, there will be a huge gap in the inventory between subsidized and market rate. Boston’s vitality hinges on public-private partnerships to create housing that can preserve the city’s socio-economic diversity."

- Arthur Winn

See the full article on The Boston Globe.