For Immediate Release
July 18, 2012
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Mayor Thomas M. Menino and Department of Neighborhood Development (DND) Director Evelyn Friedman today joined residents of the West Fenway elderly rental housing development to celebrate the progress of a $13 million renovation of a 22-year-old building located on Peterborough Street.
“I want to congratulate the Fenway CDC for having provided housing stability to our senior citizens right here for over 20 years – that’s an incredible contribution to our community,” said Mayor Menino. “Now, the substantial renovation of this property will help preserve this development for many more years to come, offering residents convenient access to the services they need in a place they are proud to call home.”
Fenway CDC built the West Fenway Apartments in 1990 as a 100% affordable HUD 202 project for housing elderly and disabled tenants. The 48-unit building located in Boston’s Fenway neighborhood includes eight wheelchair-accessible units and four HIV/AIDS set-aside units, the first such units in the country. This building, along with an adjoining building, was the first new construction project undertaken by the Fenway CDC.
In addition to the preservation of 48 units of rental housing, the façade renovation included a new roof complete with solar panels, reuse and renovation of its interior elements --- including new kitchens and baths --- and the restoration of the community room.
In accordance with the City of Boston’s Green Affordable Housing Program, the West Fenway Apartments renovation also utilized several green building and design techniques funded through a $75,264 grant made possible by the Boston Redevelopment Authority, allowing for the installation of a solar thermal system to convert solar energy to heat hot water for the building.
All of the West Fenway rental units are affordable to households earning at or below 60% average median income (AMI). The building consists of 10 studios, 30 one-bedroom apartments, 6 two-bedroom apartments, and 2 three-bedroom apartments with the exception of one manager’s unit. Five of the units are be set-aside for homeless households earning at or below 30% AMI. All units are universally adaptable to elderly occupants and eight units are fully handicap accessible.
Presenting an opportunity to rebuild and preserve a staple in the Fenway community, the project received overwhelming support from the community, local businesses, and neighborhood organizations. The project stabilized the property and meets the affordable housing and supportive neighborhood needs of seniors, without resident displacement or the loss of valuable housing units currently at risk.
The overall total development costs for this renovation was $13.95 million. The project was assisted with a $508,264 investment from the City of Boston, $433,000 from the State, $2,643,386 in federal tax credits, $7 million in Mass Development tax exempt bonds, and $7.9 million was leveraged privately.