South Boston’s 340 West Second Street approved for change from rental to ownership units

BOSTON— South Boston’s 340 West Second Street has been approved for change from rental to ownership units, Boston Planning & Development Agency said in a statement.

BPDA Board of Directors approved the change at its August board meeting.

As originally proposed in 2013, the 340 West Second Street project included 29 residential rental units, one commercial unit, 43 parking spaces, and related site improvements. Now, the board has approved a request to construct the projects as homeownership units, rather than rental units.

The change from rental to homeownership does not affect the number of units, the building mass, or increase the floor area ratio or the number of parking spaces.

The project will include four units created as IDP homeownership units, of which two will be made affordable to households earning no more than 80% of the Area Median Income (AMI) and two will be made affordable to households earning no more than 100% of the AMI, as based on the United States Department of Housing and Urban Development.

Here are details:

Live: 29 Housing Units, 4 Affordable Units

Work: 100 Construction Jobs

Connect: 1,000 square feet of Commercial Space

Project Size: 46,527 square feet.

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