Trinity Management CEO Kate Franco and Vice President Bob Cuttle joined the July 6th groundbreaking celebration for Upper Washington, a $14.5 million Vietnamese American Initiative for Development (Viet-AID) project of 35 affordable residential units and 3,000 square feet of commercial/retail space in the Four Corners section of Dorchester. Trinity will manage the property.
Plans call for two buildings facing each other at 324 Washington and 331 Washington Street on what had been ten parcels comprising 30,400 square feet. A total of 4 one-bedroom units, 19 two-bedroom units, and 12 three-bedroom units will be divvied up between the two buildings, as will 35 parking spaces. Nine apartments will be reserved for individuals earning no more than 30 percent of area median income. Twenty-six will be reserved for those earning up to 60 percent of area median income.
Funding was received from the Massachusetts Department of Housing and Community Development, Community Economic Development Assistance Corporation (CEDAC), RBC Capital Markets, Eastern Bank, with strong support for the Federal Home Loan Bank of Boston and the city Department of Neighborhood Development, per newspaper reports. Other neighborhood and city organizations also supported the bid.
“We are excited to see underutilized land in the Fairmount Corridor converted into sustainable, affordable housing,” said Mayor Martin J. Walsh.
“The project aligns with Viet-AID’s vision to build strong, vibrant, and diverse communities; to provide affordable quality housing; facilitate access to decent paying jobs; and strengthen neighborhood businesses. It also fits with Viet-AID’s Transit Oriented Design strategy to building affordable, energy efficient, healthy homes close to transit options” said Nam Pham, executive director of Viet-AID.
Information for this story was found in The Boston Globe, The Dorchester Reporter and in Press Release by NT.