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A major new development in Roxbury is set to transform a contaminated, overgrown bus yard once owned by MBTA into new businesses, apartments and jobs that will both expand economic opportunity and protect long-time residents from displacement. LISC provided nearly $19 million in loans and equity investments, in partnership with Bank of America, to finance ...
The Vacant Site Acquisition Fund, created by LISC, CEDAC, and the City of Boston, will help developers acquire substantially vacant and underutilized parcels of land and buildings for future development as mixed-income and affordable housing. The funding will target Boston neighborhoods that are at risk of gentrification with potential displacement of long term residents.
On a site that was, until recently, an urban wasteland – a vacant, eight-acre brownfield/former bus yard – Bartlett Station now begins to rise. Investors, city officials, and residents gathered for groundbreaking of the new affordable, mixed-use development on August 2, 2017.