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River Street to get more affordable residential units

Posted by Patrick Rosso  September 19, 2012 01:48 PM

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Sixty housing units deemed affordable will be build at the Boston Specialty and Rehabilitation Hospital site along River Street.

MassDevelopment issued a $14.8 million tax-exempt bond on behalf of the developer, Trinity Mattapan Heights Five Limited Partnership.

The new units, which are part of the Mattapan Heights project, will be rented to households earning up to 60 percent of area median income, according to a release from MassDevelopment, the state's finance and development agency.

“Creating affordable housing is a public-policy imperative and an important part of MassDevelopment’s mission,” Marty Jones, MassDevelopment president and CEO, said in a statement.

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