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< Go to Building Housing Homepage

Imani House Refinance

1202786000

516 WARREN --- 1202786000
516 WARREN ST
Owner:
Other
8,766sqft

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Neighborhood
Roxbury
Councilor
Fernandes Anderson
Units Total
Nine
Income-Restricted Units
Nine
Property Size
8,766 sq/ft

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

Mayor’s Office of Housing approved funding for this project.
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

Rental Rehab
Contact Information

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