December 18, 2019
A proposed 14-unit apartment complex that will be built on a vacant parcel on Talbot Avenue got a financing boost last week from MassHousing, the quasi-public agency that helps build affordable housing in Massachusetts. The agency said that it will provide $4.1 million in financing to TLee Development LLC for the construction the new energy-efficient building at 191 Talbot Ave. All 14 of the new apartments will be deed-restricted workforce housing units affordable to moderate-income households.
Said MassHousing Executive Director Chrystal Kornegay: “191 Talbot Avenue will be a unique housing community, delivering 14 new workforce affordable homes built with Passive House energy efficiency technology. “Travis Lee is constructing state-of-the-art housing developments for the benefit of Dorchester families, and MassHousing is extremely pleased to be a partner in making this project a reality.”
Eleven of the workforce housing units will be affordable to households earning at or below 90 percent of the Area Median Income (AMI) and 3 units will be for households earning at or below 80 percent of AMI. The AMI for Boston is $113,300 for a household of four. The new building will have 4 studio apartments, 1 one-bedroom apartment and 9 two-bedroom apartments, along with ground-floor retail space.