The NHP Foundation (NHPF) has received key financing for a new mid-rise development that will feature 60 mixed-income housing and seven live/work units affordable to households earning between 30% and 120% of the area median income in the Roxbury neighborhood of Boston.
The national nonprofit and Urbanica were selected to co-develop Parcel 8 through a competitive process that promotes city goals to affirmatively further fair housing, and efficiently utilize city resources and/or land to increase the supply of housing available to low- and moderate-income households.
The developers have been awarded $2.5 million from the Boston Mayor’s Office of Housing for NUBA Homes, which features affordable homeownership units, and NUBA Apartments, which provides affordable rental units. The development is in the Nubian Square area of Roxbury.
“The city’s award for the combined projects of NUBA Homes and NUBA Apartments will be critical in building a cultural hub of opportunity on the Parcel 8 site in Nubian Square,” said Kamran Zahedi, president of Urbanica. “Together, these projects will create both rentals led by our development partner, The NHP Foundation, and homeownership opportunities for low- and moderate-income households, including specific live and work opportunities for artists.”
The overall design will include a public park, exhibition space, and live/work artist spaces that will celebrate the historic and cultural values of the site.
“This project is a key contributor to the revitalization efforts within the Roxbury neighborhood of Boston as well as contributes to several extensive planning initiatives,” said Mecky Adnani, NHPF senior vice president and the lead developer.