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City Council authorizes $30 million from IDP fund for affordable housing projects
Summary
Boston City Council approved an order authorizing the Mayor's Office of Housing to accept and expend $30 million from the Inclusionary Development Policy fund for 10 affordable housing projects across neighborhood corridors, enabling near-complete projects to move forward.
The Boston City Council on July 11 approved a message and order authorizing the Mayor's Office of Housing (MOH) to accept and expend $30 million from the City’s Inclusionary Development Policy (IDP) fund.
Councilor Durkin, chair of the Planning, Development, and Transportation Committee, reported on a June 25 hearing where MOH officials described the fund’s revenue sources, oversight and the 2023 policy updates. Durkin said the $30 million, together with $6 million previously authorized, has been allocated to 10 affordable rental and homeownership projects across Roxbury, Mattapan, East Boston, Dorchester and Chinatown and will provide critical funding to complete projects close to construction finish.
"We know how urgently Boston needs affordable housing, and I have great confidence in MOH's ability to continue delivering quality affordable housing across the city with these funds," Durkin said in committee remarks.
The committee’s recommendation was accepted and docket 0968 passed by roll call; the transcript records 11 affirmative votes. Councilors emphasized the urgency of moving near-complete projects to occupancy and the IDP fund’s role as a tool that permits developers to pay into a citywide affordable-housing pool instead of building on-site units.
Next steps: MOH will implement allocations to the 10 projects named during committee testimony; councilors requested continued oversight to track timelines and ensure funds are used to complete units as described.
Note: All project locations and project-specific allocations were presented in committee testimony; the council vote authorized spending under the direction of MOH for the projects identified in the committee report.
