BRA cuts deals at expense of affordable housing
The Boston Globe - 12/22/2013
The physical transformation of Boston may well be the enduring legacy of Menino’s record 20-year watch, including the birth of an entirely new neighborhood in South Boston’s Seaport District, thousands of new construction jobs, and a population that has reached its highest level since the 1970s.
But the BRA may be squandering the opportunity created by the historic boom to channel residential development to where it is needed most — toward middle-income Bostonians who have watched the cost of living rise twice as fast as their earnings since 2005, according to a recent Northeastern University study.
In a city where the average household income is about $49,000, almost 60 percent of the housing units approved by the BRA in 2011 were “luxury” properties far out of reach to the vast majority of residents, based on a review of BRA-approved projects.