BPDA extends rent deferment program for qualified commercial tenants on BPDA-owned property through September

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Brian Golden

BOSTON–The Boston Planning & Development Agency (BPDA) Board has authorized the agency to extend its rent deferment program for qualified commercial tenants at BPDA-owned properties through September.

The agency launched this program in April as a way to support the small and large businesses on BPDA-owned properties that have been impacted by the COVID-19 public health emergency.

“As a major landowner in Boston, the BPDA is in a unique position to assist with the City’s ongoing COVID-19 relief efforts and support the many small, local businesses that fuel our economy,” said BPDA Director Brian Golden. “Extending our rent deferment program is one way we can assist our tenants in sustaining their businesses and preserving jobs during this unprecedented time.”

The BPDA Real Estate Department oversees thirteen million square feet of real estate assets spanning Boston’s neighborhoods. The BPDA manages its properties with the intent to guide inclusive economic growth for the City of Boston. The two largest holdings are the Charlestown Navy Yard and the Raymond L. Flynn Marine Park (RLFMP) in South Boston. The BPDA leases commercial and industrial space at 12 Channel Street in the RLFMP and the China Trade Building at 2 Boylston Street.