Mayor Michelle Wu Announces Acquisition and Long-Term Affordability of 347 Market-Rate Units at Fairlawn Estates

Mayor Michelle Wu has announced a groundbreaking $10 million investment from the American Rescue Plan Act to convert Fairlawn Estates in Mattapan into permanently affordable housing, impacting 347 market-rate units. This initiative is part of the City’s Acquisition Opportunity Program, designed to protect affordable housing and prevent displacement in rapidly gentrifying neighborhoods. The announcement, made alongside Related Beal and tenant advocates, underscores the collaborative efforts necessary to maintain community stability. Fairlawn Estates, a collection of 12 apartment buildings built in the 1960s, has recently faced significant rent increases leading to evictions, making this acquisition even more critical. Mayor Wu highlighted the importance of securing these homes as affordable, allowing families to thrive without financial worries.

Chief of Housing Sheila A. Dillon echoed this sentiment, emphasizing that affordable housing is vital for stabilizing neighborhoods. The funding for this acquisition leveraged additional private investments and loans, demonstrating a strong commitment to community-focused development. Future renovations will not only maintain affordability but also improve energy efficiency, ensuring safe living conditions for residents.