Asian Community Development Corporation (ACDC), a 29-year-old nonprofit developer in Boston, is proud to create more affordable homes for working families at 88 Hudson Street in Chinatown. The project will create 51 condos available to families making 60 to 100 percent of the area median income (AMI), with the majority of the condos available to families at or below 80 percent AMI. The $20 million project has generated 130 construction jobs to date and expected to generate an additional 220 jobs during the remainder of the project, including jobs for Chinatown residents. Construction began May 2016.
88 Hudson is Phase 2 of the Parcel 24 project and when completed, it will represent the culmination of more than a decade of planning, advocacy, and hard work to restore this site to a thriving community in Chinatown once again.
At a community meeting on Feb. 22, ACDC revealed construction is coming along as expected. The stairs and the elevator shafts have been completed; the roof should be finished in March. The installation of windows will also occur in March.
The community developer still plans for the building to be occupied in fall. The deadline for applications for the affordable units is April 10.
The six-story development will feature 20 one-bedroom units, 22 two-bedroom units, and 9 three-bedroom units, including fully handicap accessible units.
Eligible applicants will be selected through a lottery. Interested parties can sign up for a mailing list that will send alerts about the lottery and when applications will be made available at www.88hudson.com. Questions about the application process should be directed to Maloney Properties.
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