Boston Mayor Menino’s $16.5 Billion Housing Strategy Calls for 30,000 New Units by 2020

Boston Mayor Thomas M. Menino unveiled in March an unprecedented plan to increase the number of new housing units in Boston by 30,000 by the year 2020. Last week, with less than four months in office, the mayor announced the city’s blueprint for this ambitious strategy.

The 48-page report called “Housing Boston 2020” outlines the plan’s priorities, including the use of subsidies to support and promote more affordable housing, building taller residential structures with smaller units and selling city-owned properties and land to developers at reduced prices.

(more on Boston's new housing plan . . . )