~ Boston, MA - The City of Boston has reached a significant milestone in its efforts to provide affordable housing to its residents. Today, the city announced the financing closing for the 75-81 Dudley Street development in Nubian Square. This project, led by Madison Park Development Corporation (MPDC) in partnership with the Mayor's Office of Housing, will bring 15 new transit-oriented and income-restricted condominiums to the neighborhood.

Chief of Housing Sheila A. Dillon expressed her excitement about this development, stating that "this closing marks another step forward in our efforts to ensure Boston families have access to safe, stable, and affordable homeownership opportunities." She also highlighted the city's ongoing efforts through PLAN: Nubian and partnerships with community organizations like MPDC to turn vacant parcels into homes and active neighborhood spaces that reflect the priorities of Roxbury residents.

The site at 75-81 Dudley Street is one of four parcels being developed through PLAN: Nubian, a community-led planning and redevelopment effort. The other sites include 40-50 Warren Street, 2147 Washington Street, and 135 Dudley Street. After a public process, the City issued a Request for Proposals in July 2018 focused on new residential housing. Madison Park Development Corporation was tentatively designated as the developer in 2019.

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Kate Bennet, Interim CEO of Madison Park Development Corporation, expressed pride in bringing affordable homeownership to Dudley Street and Guild Row through this project. She stated that "these 15 homes reflect a long-term investment in resident stability, intergenerational opportunity, and community-led development in Roxbury."

The new development will be located near the Nubian Square bus station and will consist of six one-bedroom units, five two-bedroom units, and four three-bedroom units. It will also include ground-floor amenity space and follow transit-focused design principles by not including parking. Construction is expected to begin after the closing and be completed by 2027.

Under Mayor Michelle Wu's leadership, the City of Boston has made affordable homeownership a core strategy to stabilize families, build generational wealth, and prevent displacement. In the past year alone, the City has assisted over 400 first-time homebuyers through programs such as the down payment assistance program and the ONE+Boston mortgage program. These efforts are strengthening neighborhoods across Boston by allowing more residents to remain in their communities and invest in long-term stability.

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Since Mayor Wu took office, Boston has made historic progress in creating and preserving affordable homes. Over 18,000 new homes have been produced or begun construction, including thousands of income-restricted units. The City has also implemented new policies to make building housing faster, easier, and less expensive in every neighborhood. Additionally, Mayor Wu has directed record levels of investment towards preventing displacement, expanding affordable homeownership opportunities, and supporting renters and homeowners facing housing instability.

The City is also exploring innovative ways to create housing on public land through programs like the Housing Accelerator Fund, Welcome Home Boston, and Housing with Public Assets initiative. Furthermore, Mayor Wu's focus on climate and health has positioned Boston as a national leader in green and energy-efficient housing. These efforts are making Boston a city where every resident can access a safe, stable, and affordable home and where communities can thrive for generations to come.

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