The redevelopment of Hong Lok House in Chinatown is among the most unusual housing projects in Boston. But its most striking feature is not its rooftop garden or the carefully restored woodwork on its facade.
It is the fact that the apartments will rent for less than $500 a month.
Comments
3 iches of closing documents for 32 units captures the problem. Development is so difficiult in Boston that the soft costs drive the per unit development costs through the roof. Make it easier to build, and the problem solves itself. They build subsidized housing in Houston, too, but their problem is there isn't enough demand. There is too much affordable unsubsidized housing. We don't want Houston North here, but there has got to be a happy medium.