Last month, we welcomed 51 new families into our homeownership condo units at 88 Hudson St located in the heart of Chinatown. 88 Hudson represents the culmination of a decade long process of community organizing and advocacy by the Chinatown community. This completes the second and final phase of our One Greenway affordable housing development. The first phase which was completed in 2015 provided 95 rental units at 66 Hudson St. This second phase provided 51 condos for 102 people. Over 75% of the families were Boston residents.
All of our homeowners have recently completed the often-long and arduous homebuying process of applying for a mortgage, getting their finances in order, and moving from their former homes. Many of them took advantage of ACDC's first-time homebuyer workshop and 1-on-1 counseling where our housing counseling staff walked them through the process.
We spoke with one of the new homeowners:
Phil, 88 Hudson Homeowner
I grew up in Allston and then moved with my family to Watertown. My parents are still in Watertown.
I found out about the affordable condo application for 88 Hudson through a family friend last May and applied because I like the neighborhood. My grandma lives in Chinatown, and I’ve always admired how the community is really tight-knit. I wanted to be a part of that.
Though the neighborhood has become more and more gentrified and is losing that close-knit feeling, I hope to strengthen the sense of community with my new neighbors.
Now that the families have all moved into their new homes, ACDC will continue to assist the new homeowners in managing their homes and to become engaged with their community.
Congratulations to our 51 new home owners!