Globe: Senator Spilka Breaks Ground at $41 million Housing Project
By Matt Rocheleau, Globe Correspondent
Senator Spilka, along with state and local officials held a ceremonial groundbreaking at the site of a $41-million low-income housing renovation project in Framingham late Wednesday morning.
Lieutenant Governor Timothy P. Murray described the housing modernization project at the Musterfield at Concord Place Development as a place for low-income families to rebuild their lives.
The Framingham Housing Authority launched the 18-month project on Wednesday to renovate 110 two- and three-bedroom brick townhouse apartment units at the location formerly known as the Pearl Harbor Development along Concord, Normandy and Anzio streets.
The redevelopment is among the first in the state to be funded under the Massachusetts Department of Housing and Community Development’s (DHCD) mixed financing program for state-financed public housing developments – a funding approach that partners state funding resources with private investors who receive tax credits for participating, said a press release from the authority.
“This project represents a dynamic and innovative collaboration between the public and private sector to revitalize our communities,” said Gov. Deval Patrick, who did not attend the ground breaking, in a press release. “By targeting resources in this way, we are not only assisting individuals and families in need, but lifting up those neighborhoods that need it the most.”
Total development costs of $41 million include the $6 million purchase of the property. The $35 million modernization is funded by $22 million in financing from the DHCD and $13 million from the state tax credit program.
“If we are to lift people out of poverty, we need to give them the tools to do so,” said the housing authority’s chairman Stephen Starr.
To read more about the project, click here to see the recent story detailing the modernization plans.