Since its founding in 1980, BCDC has preserved more than 56 apartment units, and we are actively seeking new opportunities to preserve or create new affordable apartments.
1017 Beacon Street Sara Wallace House
In 1995, BCDC purchased 1017 Beacon Street for $500,000 and renovated it into single-room occupancy units using state and town resources. The property provides homes to 16 persons with very low incomes. The property is managed by the Pine Street Inn and receives HUD section-8 rental subsidy administered through the Brookline Housing Authority. BCDC has received Federal ARPA funds and State “Green” Funding to renovate and decarbonize the building. Work will begin in the Spring of 2024.
154-156 Boylston Street
In 2004 BCDC purchased this 6-unit market property for $1.3 million and then undertook $250,000 in renovations. Funds were obtained from the Town through a Community Development Block Grant and through soft-debt financing from the Massachusetts Housing Partnership. BCDC has continued ownership through the present. The six apartments are restricted to low-income families (two 2-bedroom units and four 2-bedroom units.) BCDC has received Federal ARPA funds and State “Green” Funding to renovate and decarbonize the building. Work will begin in the Spring of 2024.
323 Boylston Street
In 2012 BCDC collaborated with the Town to purchase one condominium unit, renovate it, and sell it to a low-income family with a restriction that any resale will be to a low-income buyer.
1754 Beacon Street
In 2001 BCDC purchased a dilapidated lodging house with funds from the Housing Advisory Board (HAB) and the Town’s Community Development Block Grant allocation. The property was subsequently sold to the Pine Street Inn and is operated as a mixture of studio apartments and single room occupancy units. Social services are offered and rental is restricted to low-income persons.
1600 Beacon Street
In 2008 BCDC purchased two condominium units which were subsequently sold to low-income first time home buyers who were selected by lottery. Re-sale is restricted to low-income persons. Funds were provided by the town’s Housing Advisory Board and the town’s Community Development Block Grants.
In 2018 BCDC purchased a condominium unit on Juniper Street. BCDC acted as the intermediary between the Town’s Department of Planning and Community Development and a low-income buyer.
1027 Beacon Street
In 1996 BCDC acquired this 16-unit single-room-occupancy building using its own funds and HOME money. After a robust RFP process, BCDC sold the building to the Committee to End Elder Homeless (CEEH). It currently operates as nine studio and one-bedroom apartments providing homes to low-income elders