ACQUISITION / PRESERVATION The NHP Foundation Completes Acquisition of Parcel 8 in Boston New Construction will Create 60 Units of Mixed Income Housing
New York, NY, February 2022— The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, announced today that it has finalized the purchase of Parcel 8 from the City of Boston. NHPF will construct a mid-rise building containing 60 units of mixed income housing at 30% AMI–120% AMI in the Roxbury neighborhood of Boston. The project was financed with a $2.5M award from the Mayor’s Office of Housing. “The City’s award for the combined projects of NUBA Homes and NUBA Apartments will be critical in building a cultural hub of opportunity on the Parcel 8 site in Nubian Square,” said Kamran Zahedi, President of Urbanica, Inc. “Together, these projects will create both rentals led by our development partner The NHP Foundation and homeownership opportunities for low and moderate income households, including specific live and work opportunities for artists. “This project will contribute to the redevelopment efforts within the Roxbury neighborhood of Boston as well as contribute to several extensive planning initiatives,” said Mecky Adnani, the lead developer and a Senior Vice President at NHPF. The other initiatives include the Roxbury Strategic Master Plan, Dudley Vision, the Roxbury Heritage State Master Plan, and most recently, PLAN: Nubian Square.
The overall design will include a public park, exhibition space, and live/work artist spaces that will celebrate the historic and cultural values of the site while serving as a Gateway to the Nubian Square neighborhood. Construction will begin in 2023.
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