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Committee recommends $21.68M MOHCD grant to preserve 70 affordable units at Bayside Village
Summary
The committee recommended a Mayor's Office of Housing and Community Development grant of $21,680,000 from the Housing Trust Fund to preserve 70 permanently affordable units at Bayside Village, protect 172 existing BMR households from displacement through lifetime leases, and maintain affordability; residents testified in support.
The Budget & Finance Committee recommended a grant of $21,680,000 from the Housing Trust Fund to Bayside Village Associates to preserve 70 permanently affordable units and prevent displacement of 172 below-market-rate households.
Don Lusty of MOHCD outlined…
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