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March 2014 Archives

85% of Bostonians Can't Afford Their City: Mayor

Eighty-five percent of the people of Boston cannot afford to live in the towers tracing the city's flourishing skyline, Mayor Marty Walsh said at a construction conference.

According to Boston Real Estate Now, the asking price for units in the new towers opening up in downtown Boston are inching toward $3,000 per month for studios and a staggering $12,000 per month for penthouses. It's not much better in Cambridge.

Where can middle-class families turn for assistance to avoid being priced out of their beloved city?

Boston Responses to Calls for Affordable Housing

With a staggering shortage of affordable housing, it's becoming increasingly difficult to buy or rent property in Boston.

At some point, the city will have to step in and address the increasing scarcity of affordable housing options.

Here are five solutions the city may use to help ease the financial burden: