The Boston Acquisition Fund aims to combat displacement through a public-private model, supporting mission-driven developers in acquiring occupied multi-family housing in the city.
The program is designed to protect residents from displacement, stabilize communities, and create housing stability amidst rising rents and speculative investment pressures.
With a goal to acquire 500 homes in five years, the fund seeks to prevent the displacement of over 1,500 Boston residents.
The BAF builds on the city’s successful Acquisition Opportunity Program, which has already preserved over 1,000 affordable units, reinforcing the importance of affordable housing.
#affordable-housing #displacement-prevention #boston-acquisition-fund #public-private-partnership #housing-stability
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