Project in Boston's Chinatown highlights challenges in affordable housing

01/23/2013 | Boston Globe (tiered subscription model), The

The $35 million redevelopment of Hong Lok House in Boston's Chinatown will provide apartments for low-income elderly residents for about $500 a month. This is a feat, experts say, both because the area is a magnet for luxury homes and because federal financing for affordable housing had declined dramatically in recent years, leaving developers to cobble together private loans and grants.

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