News and Press Releases
 

Funding Awarded for Hearth at Olmsted Green

Hearth Newsletter - Summer/Fall 2009

Recently the Boston Department of Neighborhood Development and the Boston Housing Authority joined forces to award Hearth 59 project-based section 8 vouchers for Hearth at Olmsted Green and $1.75 million in soft debt - a major step in the process to get the project underway.

The vouchers will enable Hearth to provide the highest quality housing for homeless elders, regardless of income. With this crucial funding commitment in place, we have submitted our application for tax-credits which will provide funds to start development.

Our lead design professional, The Architectural Team, is completing detailed design and bid documents, and we have high hopes that we can begin construction by next spring.

With Hearth at Olmsted Green we plan to capitalize on our nearly 20 years of experience and make this new residence the "model" Hearth home. As we continue to talk with other Massachusetts agencies about expanding Hearth around the state - as well as promoting our model around the country - Hearth at Olmsted Green will stand as the best example of affordable, supportive, and permanent housing for formerly homeless and at-risk seniors.

Best of all, the 59 apartments will significantly increase our capacity to bring boston's homeless elders off the streets and into housing - brining us that much closer to ending elder homelessness.