Both the East Boston Neighborhood of Affordable Housing (NOAH) and the East Boston Community Development Corporation (CDC) were awarded state funds to help their two projects get off the ground.
Last Thursday at NOAH’s Coppersmith Village site, Governor Charlie Baker joined the City’s Chief of Economic Development John Barros and Eastie’s three elected officials during a MassWorks check presentation ceremony for NOAH and the CDC.
“Targeted infrastructure investment helps leverage community and businesses assets to create jobs and grow regional economies,” said Governor Baker. “Locally driven and community-backed efforts to create economic opportunity and improve neighborhood like East Boston, including MassWorks, Community Compacts, and the Urban Agenda, are a vital part of our economic development plan.”
NOAH received $3,869,187 for Brownfield Revitalization. The MassWorks award will support NOAH’s redevelopment of the brownfield site in Eastie that was once a ironworks company. The existing, vacant, industrial buildings will be demolished and replaced by Coppersmith Village.
The $33 million mixed-income Coppersmith Village will create 56 apartments and 15 for-sale town-homes, with 49 affordable and 22 market rate units, as well as a 3,000 square foot restaurant.
The project recieved Boston Redevelopment Authority (BRA) approval last summer. The Coppersmith Village development is on the block bounded by Border Street, Decatur Street, Liverpool Street, and Coppersmith Way. The block will be will be transformed into a mixed-use development of 56 rental apartments, 15 townhouses and 3,000 sq. ft. of retail space on the ground floor on the corner of Border and Decatur Streets that will house a restaurant with outdoor seating.
The CDC received $3 million for Waterfront Improvements at the Boston East Site. This MassWorks award will construct a publicly accessible boardwalk and make improvements to Eastie’s Designated Port Area, helping retain the waterfront’s support for marine-related industries and uses. This investment will also support a partnership between Trinity Financial, Inc. and the CDC as they work to construct a $67 million, 200-unit, mixed-use development on the waterfront.
Last month, Baker and Undersecretary of Housing and Community Development, Chrystal Kornegay announced that NOAH was awarded funding for affordable rental housing development, renovation, and preservation projects.
Recently, the City of Boston’s Public Facilities Commission granted the CDC an extension to get the development off the ground at the Boston East Site through
The City’s Lisa Pollack said the extension was granted because securing the Chapter 91 license for the project took longer than expected.
The Boston Redevelopment Authority (BRA) approved the CDC’s and Trinity Financial’s plan to build 200 market-rate units of rental housing at the Boston East site on Border Street last year.
CDC Executive Director Al Caldarelli said the concept is to build 200 units of housing with 173 at market rate rents and 27 units to meet the City of Boston’s ordinance that requires 15 percent of the units to be affordable.