South End developer proposes deal to revitalize neighborhood

Free money has the South End split as the neighborhood’s largest developer is offering $8.5 million to rehabilitate old historic homes and slow gentrification in a deal to avoid making city-mandated affordable units available in two new opulent waterfront towers. A quarter-million of BLT’s money should fund a study of the South End’s affordable housing needs, and the remaining about $6 million should be held by the city until the study is finished, the board recommended.

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