Tuesday, December 12, 2006
What if they gave away money and nobody came?
As of last Friday, city officials said, no one had yet applied for a new program, which gives as much as $90,000 to residents wishing to create accessory apartments in their homes for rental to low- and moderate-income tenants.
The money can be used to offset the cost of surveying, designing, and constructing the apartment. The money will come in the form of a loan or grant, depending on how long the homeowner is willing to commit to offering the apartment to low- or moderate-income tenants.
The program also provides assistance with applications, in hiring an architect, getting building permits, and finding tenants. Qualifying tenants must have a yearly income of less than $46,300 for a single person or $66,150 for a family of four.
Any takers? The city contact is Kevin McCormick at 617-527-6576.
-- Connie Paige