Real Estate

Building affordable homes in Boston is a herculean feat

While Boston has high expectations for affordable housing, one commentator believes it is not feasible for Mayor Tom Menino to create 30,000 units of affordable housing by 2020. But if the city wants to come closer to attaining that goal, Boston needs to build higher and denser property types. Per The Boston Globe:

Over the years, Boston has focused intensely on increasing its stock of subsidized units, and has created them in part by requiring their inclusion in developments full of luxury units. But Bostonians who earn too much for subsidized units but too little for plush downtown lofts have had few options. To produce the needed housing stock, Menino is proposing to allow taller structures with smaller units.

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Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

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

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