Imani House Refinance
No photos uploaded (yet!)
Neighborhood
Councilor
Units Total
Income-Restricted Units
Property Size
Developer
To Be Decided
Project Goals
Imani House consists of 9 units of elder housing with a contract from the BHA for 8 of the units and has been struggling with escalating costs and stagnant rents. United Housing Management is the property manager and they recently successfully applied for and negotiated a substantial rent increase from the BHA to help cover the operations and provide funding to support the existing debt, maintain the required debt coverage required and build up a replacement reserve that can be assessed for planned improvements. DND has agreed to an award of funds under DND's Housing Boston 2030 Program in order to refinance and preserve the Imani House.
Timeline
Fall 2011
Funding awarded
Fall 2011
City Planning
This project is going through a zoning review with the Boston Planning and Development Agency (BPDA). Then we’ll work with the Developer on funding, design, and compliance.
Under Construction
Construction is underway. For further information on road closures and parking impact, contact the Project Manager.
Project Complete
This project is ready for use.
Housing
-
Beverly Estes-Smargiassi, Project Manager
-
-
