EAST BOSTON, MA (June 22, 2006) – Mayor Thomas Menino and other elected officials today launched construction of a new $5 million condominium development in East Boston that will result in 14 new affordable homes for people of modest means. The Falcon-Border Condominiums, developed by the nonprofit Neighborhood of Affordable Housing, Inc. (NOAH), will comprise three separate wood frame buildings on a long- vacant site on Border Street, between Condor and Falcon, overlooking the Boston Inner Harbor. The 14 condominiums will be priced from $170,000 for the 10 two-bedroom units, $185,000 for the two three-bedroom units, and $195,000 for the two four-bedroom units. Construction is expected to be completed in July 2007. >> |
LISC supports three broad areas of community development: Affordable Housing, Economic Development and Management & Leadership Development. Learn more about how we work in these areas. |
The majority of LISC’s community development funding is provided to CDCs in Greater Boston. Several CDCs outside of our service area also receive funding through special initiatives. LISC currently supports CDCs and their projects in Boston, Brockton, Cambridge, Chelsea, Fitchburg/Leominster, Holyoke, Lawrence, Lowell, Salem, Somerville and Waltham. |