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How Do You Finance The Construction Of Affordable Housing?10:32

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Boston's North End, where Related Beal is working on a $230 million development. (cowboycoffee/Flickr)closemore
Boston's North End, where Related Beal is working on a $230 million development. (cowboycoffee/Flickr)

We've talked a lot about the lack of affordable housing on this show. The truth is, though, even if we sprinkled fairy dust all over Massachusetts and magically did away with permitting obstacles, high construction prices and the like, there'd still be a major problem that isn't often discussed. It's the dollars and cents challenge of financing the construction of that affordable housing.

The real estate development Related Beal pulled off what feels like a contortionist's feat when it found financing for a $230 million development near North Station.

Guest

Ted Lubitz, vice president of Related Beal.

Mark Curtiss, managing director at the Massachusetts Housing Partnership.

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The Boston Globe: Complex Financing May Be A Model For Affordable Housing

  • "The developer Related Beal is set to start work Monday on a rare thing in Boston: a downtown apartment building where every unit will rent at below-market rates."
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