News & Press

9th Sq. Deal Preserves Affordable Housing

August 15, 2018

A Boston-based developer will buy over 300 Ninth Square apartments and keep more than half of them “affordable” in return for a 20-year tax abatement, under an agreement revealed Monday night.

The new prospective owner has also agreed to pay the city $2 million in exchange for the forgiveness of roughly $27 million that the current owners owe the city. (read more)

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