City funds put toward Roxbury affordable multifamily housing MABA MassachusettsRealEstate FirstTimeHoemBuyers MaBuyerAgent

Bold Vision Real Estate Solutions LLC (BVRE) will purchase two Roxbury buildings for use as affordable housing. The deal comes after BVRE secured one million dollars in funding from the Boston Acquisition Fund, a public-private revolving loan fund created by Mayor Wu’s administration. “We are proud to partner with the City of Boston on this critical effort to preserve affordable housing,” Carline Chery, founder and principal of BVRE, said in a statement.  “The Housing Acquisition Fund is an essential tool in ensuring that longtime residents can remain in their homes, and we look forward to continuing this work to support our communities.” 

 Along with funding from the city, BVRE will receive financial support from Eastern Bank and the Massachusetts Housing Investment Corporation. The Roxbury properties feature nine rental units, five of which will be reserved for households earning at or below sixty percent of the area median income. The remaining four units will be offered to households earning at or below eighty percent of the area median income.

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