The Boston Tenants Coalition (BTC) is a coalition of grassroots tenant neighborhood groups, community development corporations, and homeless and advocacy organizations that promotes affordable housing in Boston, organized to defend and expand the rights of tenants, and to push city, state and federal government, as well as private industry to address the needs of low-income tenants. We operate from a core belief that more affordable housing needs to be both permanent and targeted to Boston's low-income populations.
Boston housing prices have increased greatly over the years and Boston is now facing what we call a "housing crisis." Currently 35,000 renters have housing costs exceeding 50% of their household income. 92% of these rent-burdened households are very low-income (<50% AMI). Our proposed changes would help direct a larger share of Inclusionary Development Policy (IDP) resources to these households with worst case housing needs. (Source: Boston draft Consolidated Plan 2013-2018)
Inclusionary Development Policy (IDP) - directs housing developers to set aside a certain percentage of their new units as affordable. In some cases, instead of building the units on site, the developer has the option to build the units off-site or pay into a fund for affordable housing.
We are asking the Mayor and his top advisors to make several changes to the IDP that will aid the struggling Boston residents and their needs. Some of the changes include, increasing the percentage of units set-aside as affordable per development to 25%, requesting that the units include a range of affordability levels, and to increase the buy-out fee, for developers opting into this option, to reflect the true cost of developing an affordable unit.
Unfortunately, even with the current IDP, little money has come back to some of the most impacted neighborhoods and we are requesting that a meaningful portion of the funds generated by the IDP be earmarked for the neighborhoods where the development is occurring which will allow more affordable housing to be built in these neighborhoods.
Please sign our online IDP Campaign to support our action!