Boston Foundation pledges to invest $10m in projects in the Fairmount Corridor
The Boston Foundation, a large community-based grant maker, said it will commit at least $10 million over the next four years to projects along the Fairmount Corridor, a nine-mile stretch that runs along the MBTA’s Fairmount rail line and includes the Boston neighborhoods of Roxbury, Dorchester, and Mattapan, Boston Foundation chief executive Paul S. Grogan said Wednesday.
Grogan made his announcement at the ceremonial ribbon cutting for the MBTA’s new Four Corners/Geneva station in Dorchester.
The foundation’s investment will support projects that look to bring jobs and housing to the corridor.
According to the foundation, its investments in the area began in the mid-1990s with support for community groups working to return rail service to the neighborhoods the commuter line passed through.
“The opening of new transit stations and the continued development along the Fairmount line underscores the power community funders can have when they invest in neighborhoods for the long term,” Grogan said in a statement. “We are honored to have been there from the early days of this effort to bring transit equity to the Fairmount Corridor, and we remain committed to ensuring that increased transit service in not an end in itself, but a step in the strengthening of these neighborhoods for all their residents.”Chris Reidy can be reached at firstname.lastname@example.org.