Boston Issues Annual RFP for Affordable Housing Development

Boston Issues Annual RFP for Affordable Housing Development
News| August 22, 2025| Paul Bubny
Boston & New England + Apartment Buildings

The City of Boston has issued its annual Request for Proposals (RFP) for affordable housing, providing $40 million to support the creation and preservation of affordable housing across the city. This year’s funding is available to nonprofit and for-profit developers for rental, cooperative and supportive housing projects. 

“This $40-million investment will enable us to support a diverse range of housing projects, from preserving at-risk developments to building new units for those most in need, while also ensuring that Boston remains a city where families of all backgrounds can thrive,” said Mayor Michelle Wu.

The city will prioritize proposals that reduce development costs and efficiently leverage public and private funding; utilize city-owned land; provide a mix of units from extremely low-income to middle-income households; include housing for older residents, veterans, individuals with disabilities, youth aging out of foster care and artists; and build or preserve affordable housing in neighborhoods with limited affordability.

Hear from the Industry’s Best: Connect Apartments 2025 brings together leaders from across the multifamily sector—including Equity Residential, Related California, Hanover Residential, Thorofare Capital, Marcus & Millichap—sharing real insights from the companies shaping our industry. Whether it’s investment strategies, regulatory outlooks, or growth trends, this one-day event in LA on September 11 gives you direct access to the execs who make the decisions. Don’t just attend—connect with the companies driving change: www.connectapts2025.com 

Other News

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more

40-Unit Apartment Building in Seattle’s University District Trades for $6M

Seattle & Northwest + Apartment Buildings

Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up