August 30 is the final day to request an application to live in the Beverly, the 14-story, 239-unit workforce housing complex at 101 Beverly Street near North Station.
Related Beal, the Beverly’s developer, has called the project “the largest new construction of affordable and workforce housing in downtown Boston in more than a quarter-century.”
The so-called workforce units are available to households earning an annual income of between $64,500 and $198,000. Rents on those start at $1,940 a month.
The affordable-housing units are available to households with annual incomes of $17,578 to $60,000, according to the developer. Rents on those start at $492 a month.
The applications are actually due September 6. Requests for one can go through the Beverly’s website.
The opportunity might not come again, at least not for a while and at least not in downtown Boston.
That’s because the Beverly was born of an alchemy of state and city subsidies—Related Beal bought a 99-year ground lease on the site from the state—and the developer’s own deep financing reserves. Plus, the site only exists because the Big Dig sank I-93.
- Website: The Beverly [Related Beal]
- Is This complex affordable housing deal a promising model or a unicorn? [Next City]
- Boston’s biggest workforce housing development sets its parameters [Curbed Boston]
- 10 projects set to transform Boston [Curbed Boston]
- Boston’s physical landscape: 4 huge decisions that shaped it [Curbed Boston]