- All 48 homes are for first-time buyers earning 80%–100% of Area Median Income (AMI).
- One all-electric, Net Zero Carbon building of about 45,000 square feet.
- The announcement does not give dates for applications, sales or move-in.
Who can buy
The city selected ODJ Dev LLC, a joint venture of DVM Housing Partners, Oxbow Urban and JGE Development, through a competitive request for proposals. All 48 homes will be income-restricted and sold to first-time buyers earning between 80% and 100% of AMI.
Funding comes from the Mayor’s Office of Housing, the Community Preservation Fund, MassHousing, the state housing office and several private and nonprofit partners. Dellbrook will build it with ERise Builders.
What else is on the site
About 30,000 square feet is set aside for recreation and urban agriculture. Boston Parks and Recreation will own the public open space; The Trustees of Reservations will look after it and own the community garden.
Roughly 2,000 square feet of ground-floor commercial space along Terrace Street will be sold or leased to local businesses.