Project Details

Since 2017, AHI has been the financial and housing advisor to the Charlestown Residents Alliance (CRA), a local tenant organization representing the 1,110 households living at the Bunker Hill public housing development in Boston. The property is in the process of being comprehensively redeveloped into approximately 2,700 brand-new apartments, preserving 100% of the 1,110 affordable units at the same rent. AHI is providing technical and administrative support to the CRA as they navigate through the public hearing and approval process phase of the redevelopment. Despite a temporary halt to all construction in the City of Boston due to COVID-19, the parties are still driving jointly toward a first closing in the third quarter of this year. When achieved, this will be an enormous milestone for this $1.4 billion transformation of the neighborhood.