Business

Amid gentrification, affordable units built in Chinatown

After a long struggle and with a complex financing deal, a rebuilt Hong Lok House begins taking shape for lower-income residents

The redevelopment of the Hong Lok House in Chinatown is a rare affordable housing success at a time when federal funding for low-income housing is plummeting. The $35 million project on Essex Street will result in 74 apartments for low-income elderly residents of the neighborhood.