Neighborhood Homes Initiative | Boston, MA
Increasing the short supply of attainable ownership housing in Boston. is scarce and the ability for young Bostonians to live in the City is proving more and more difficult. The Neighborhood Housing Initiative, led by the City of Boston Mayor’s Office of Housing is
Oxbow Urban LLC, Developer/Investor
More Information
About the Project
Massachusetts, and Boston in particular, enjoys a vibrant economy and a strong sense of history. A leading threat to this success is the unattainable cost of housing which pushes native Bostonians far into the suburbs or young families to different states where they can purchase a home. The Mayor’s Office on Neighborhood Housing began the implementation of the Neighborhood Homes Initiative (NHI) in 2016. Oxbow Urban was the first developer to bring homes to market under this program and provided housing opportunities for over 20 individuals who are now able be owners who Boston home!
Highlights:
Revitalization of vacant land owned by the City of Boston';
Creation of ownership opportunities with one and two family homes built at the scale of the surrounding neighborhood;
Providing a first step onto the wealth creation ladder for First Time Homebuyers.
