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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.
- "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."
This segment aired on February 18, 2016.