The project was funded in part through the Inclusionary Development Program (IDP) contributions from the 150 Seaport Boulevard and Pier 4 development projects on the South Boston Waterfront, and financed by the Low-Income Housing Tax Credit program. Other funders include Mass Development, Rockland Trust Corp., and TD Bank. O’Connor Way Senior Housing will be built on a lot that has been vacant for over 50 years adjacent to the Mary Ellen McCormack Development. The development will include 24 units for households at or below 60 percent of Area Median Income (AMI), which is around $45,300 for a single person, and 22 units for households at or below 30 percent of AMI, which is around $22,650 for a single person. Some units will be fully handicap accessible. The property will also include a community room, a laundry room, a management office, and a patio. The building will be sustainable at a LEED Silver certifiable level, and the apartments will be supplemented with onsite property management staff, as well as scheduled support services from the South Boston Neighborhood House. In addition, the BHA is providing 22 project-based vouchers to provide long-term subsidies for very low-income units.
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