Real Estate

Boston plans for 30,000 new homes by 2020

According to the Boston Globe, Boston Mayor Thomas Menino laid out a blueprint to meet his goal of building 30,000 homes by 2013 feasible.

The plan, which calls for $16.5 billion in public and private investment, begins with a series of quick steps that could significantly alter the housing landscape before Menino’s term ends in four months. Those steps include selling large chunks of city property, increasing fees on developers to help fund affordable housing, and approving some of the 3,600 housing units awaiting city permits.

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3d rendering of a row of luxury townhouses along a street

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