Proposal to the City of Boston for the Redevelopment of Parcel Eb-24, 239 Trenton Street, East Boston (Classic Reprint) - Softcover

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Excerpt from Proposal to the City of Boston for the Redevelopment of Parcel Eb-24, 239 Trenton Street, East Boston<br/><br/>This development is more difficult to make affordable than some similar projects we have completed for three main reasons: 1) condominium insurance costs have doubled over the past year and a half, 2) underwriters of permanent financing are applying increasingly strict standards with respect to allowable debt and allowable percentage of income available for housing expenses, and 3) construction costs have increased not only in response to market pressures but as a result of more stringent local building requirements for manufactured housing. In order to maximize affordability of this project for households with incomes below 80% of local median levels.

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