The Zoning Board of Appeal today approved developer Travis Lee's plans for a 29-unit apartment building at 1463-1469 Dorchester Avenue, next to the Fields Corner T stop, in which all the units will be rented as affordable and ownership of which local residents will be able to buy into.
Lee's proposal calls for 21 studios of 400 square feet and 8 one-bedroom apartments of about 450 square feet - under a city pilot program that allows smaller units than normally allowed in an effort to increase the supply of affordable housing. Lee told the board that 25 of the units will be rented to people making no more than 90% of the Boston-area median income and that 4 will be rented to people making no more than 70% of that.
The building will have no parking.
Lee added he is working on a plan in which he would sell off part of the overall ownership of the building, in increments as low as $1,000, to Dorchester residents - which would let local folks buy into the real-estate market without having to buy an entire building. He said he could not tell the board more because of SEC requirements.
In addition to this proposal, Lee has been active in Dorchester proposing and building other affordable-housing units.
BPDA documents and presentations on 1463-1469 Dorchester Ave..