539-551 Centre Street

Neighborhood

Jamaica Plain

Address

Land Sq. Feet

69,455 sq ft

Gross Floor Area

133,534 sq ft

Contact

Camille Platt

Project Description

The Jamaica Plain Company, represented by Paul B. Clayton, proposes renovation of the existing multi-family residential Forbes Building in Jamaica Plain, constructed in 1978 on a 1.59-acre lot, with approximately 125,000 gsf of floor area, and which includes 147 multi-family units (130 one-bedroom and 17 two-bedrooms), 4,500 gsf of commercial space, and outdoor surface parking for 32 vehicles. The proposed affordability percentage in the Forbes Building is expected to be 97% (143 of 147 units). The new income averaging allows for LIHTC units to be up to 80% AMI as long as the average income of the tenants is at 60% AMI or lower. Most of the 143 LIHTC units will be at 60% AMI, with approximately 20 units up to 80% AMI. The Proponent is working with EOHLC to formulate a plan to add MRVP certificates over time that would allow the Forbes Building to serve lower-income tenants.

539-551 Centre Street

Project Phase

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