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From YouTube: Residences at Fairmount Station Ribbon Cutting
Description
The first affordable housing development in Hyde Park is finally complete! It has taken almost two decades to finish, but now twenty seven new families can call the Residences at Fairmount Station home. The need of affordable housing is crucial in Boston, and the City continues to make strides in creating and preserving affordable housing throughout the region
A
You
so
welcome
everyone.
My
name
is
Mimi
church
nets,
I'm
the
president
of
the
board
of
the
Southwest
Boston
CDC
and
I
just
wanted
to
welcome
friends,
neighbors
mayor
Walsh,
funders
and
partners.
Thank
you
all
so
much
for
being
here
as
we
celebrate
the
completion
of
this
mixed-income,
affordable
housing
development,
the
residents
at
Fairmont
Station.
Thank
you,
everybody
who
made
it
happen.
I.
A
Know
that
we're
running
late
and
so
I
was
going
to
read
the
funding
partners
and
project
development
team.
I'm,
not
gonna,
do
that.
So
everybody
has
a
program.
Everybody
has
a
program,
you
can
read
it
for
yourself,
I'm
gonna,
say
a
few
things
and
then
I'll
just
turn
it
over
to
the
mayor.
So
this
has
been
an
incredibly
long
process
and
the
completion
of
these
27
homes
for
our
new
neighbors
is
cause
for
celebration.
We
couldn't
have
made
it
to
the
finish
line
without
the
support
of
Mayor
Walsh.
Thank
you,
mayor
Walsh,.
A
A
This
is
the
first
affordable
housing
development
built
in
Hyde
Park.
In
over
two
decades,
we
were
trying
to
figure
out
when
the
last
one
was
we're,
not
sure.
Maybe
it
was
Fairmont
up
on
the
hill,
we're
not
sure,
so
somebody
can
research
that
we
can
figure
it
out,
but
this
building
is
such
a
beautiful
place,
as
people
have
seen
it's
just
gorgeous.
I
know.
Most
of
us
want
to
move
in
today
and
this
this
community.
This
new
mixed
income
community
was
always
the
dream
of
the
CDC.
A
The
need
here
is
so
great,
and
we
relentlessly
pursued
this
project
through
many
setbacks.
It
took
us
about
20
years
to
build
this
thing.
This
development
has
27
units
they're
all
affordable
and
for
a
variety
of
residents
with
different
incomes,
families
and
individuals
who
make
between
twenty
one
thousand
and
fifty
eight
thousand
a
year
will
be
able
to
live
here.
So
the
units
are
affordable
for
the
majority
of
the
residents
in
Hyde
Park.
When
we
big
when
we
began
to
market
these
units,
we
received
so
many
applicants.
A
In
the
end,
there
were
twenty
seven
hundred
applicants
for
27
units
so
check
out
that
that
percentage,
the
need
for
housing
that
people
can
afford.
That's,
beautiful
and
kid-friendly
is
enormous,
and
we
all
know
that-
and
we're
so
pleased
to
be
here
to
be
sharing
this
special
day
with
you
and
the
ribbon-cutting
and
I
did
want
to
recognize
a
couple
of
people
before
we
move
to
the
mayor,
Thank
You,
councillor,
Tim
McCarthy
for
being
supportive.
A
Ymca
is
here:
Hyde
Park,
Hyde,
Park,
Board
of
Trade
Blue,
Hills,
Bank,
Main
streets,
we're
just
so
proud
of
our
neighborhood
and
everybody
coming
together
to
support
this
development
and
we're
just
so
excited
to
move
on
to
the
next
one.
So
I
just
want
to
say
a
couple
of
things
about
Mayor,
Walsh
I
know
he
doesn't
need
an
introduction,
but
I'll
make
a
little
one.
So
mayor
Walsh
is
a
lifelong
champion
of
working
people
in
a
proud
product
of
the
city
of
Boston.
He's
the
mayor's
54th
mayor.
A
A
C
Thanks
Mimi
and
I
move
close
to
the
high
pock
I'm
closer
we've
got
a
little
middle,
so
I'm
like
I'm,
a
step
away
from
high
back
jump
to
Matapan,
and
here
I
want
to
thank
I
want
to
thank
everyone.
That's
here
today.
The
projects
like
this
don't
happen:
they're
not
easy
to
produce
they're
difficult
to
produce.
Sometimes,
as
Mimi
said
it
took
over
20
years
and
that's
something
we
have
to
work
on.
C
We
can't
have
housing,
affordable
housing
projects
taking
20
years,
because
because
we
lose
all
generation
of
young
people
so
to
all
the
continents,
the
state,
the
the
CDC,
the
the
the
people
behind
me,
the
foundations,
the
funders,
the
management
companies
all
of
the
partners
that
it
takes
to
build
this
project
head.
Thank
you
very
much.
C
I
also
want
to
thank
Tim
McCarthy,
who,
through
our
budget
process,
made
sure
that
there's
money
available
in
there
for
housing
projects
like
this,
where
we
put
over
almost
two
million
dollars
in
this
project
here
and
I,
want
to
thank
Timmy
for
working
through
that
process
and
understand
the
importance
of
funding.
Those
programs
and
I
want
to
thank
Mike
rush,
who
was
part
of
the
Senate
passing
the
largest
housing
bond
bill
in
the
history
of
the
Commonwealth
of
Massachusetts.
C
The
the
table
I
want
to
thank
them
for
what
they
do
understand
the
importance
of
housing,
not
just
here
in
in
in
in
High
Park,
but
also
throughout
the
city
of
Boston
throughout
the
Commonwealth
of
Massachusetts,
and
we
need
to
have
more
that
collaboration
as
well
with
our
other
elected
officials
to
make
sure
that
we
work
that
way
to
build
more
housing.
I
want
to
thank
Jill,
Dylan's,
Ben
Ben.
C
C
Sometimes
it's
us
to
read
those
stories
in
the
paper
or
hearings
when
people
criticize
what
are
you
doing
about
gentrification?
What
are
you
doing
about
housing
and
and
what
I
tell
people
is
take
a
look
at
what
we're
doing
I
mean
look,
what
we're
doing
before
criticism
comes
because
we're
doing
a
lot
in
Boston
and
and
we're
gonna
do
more
in
Boston,
and
this
isn't
just
a
Boston
issue.
This
is
a
regional
housing
issue.
We
need
the
rest
of
the
state
to
step
up
and
help
us
with
this.
C
We
need
a
partner
in
the
federal
government
that
we
don't
have
today,
something
that
that's
frustrating
I
was
asked
yesterday,
a
reporter
about.
You
know:
what
are
you
doing?
What
are
you
doing
about
gentrification?
What
are
you
doing
about
this
we're
doing
things,
but
we
need
to
get
more
players
at
the
table
and
you
can't
it
can't
just
be
Boston
and
it
can't
just
be.
It
has
to
be
beyond
that
so
again,
chilla.
C
C
Probably
clean
his
and
himself
in
church,
and
he
and
he
sees
it,
he
sees
families
struggling
in
and
he's
been
enough
parishes
in
Boston
to
see
his
time.
They
had
to
watch
the
change
of
those
parishes,
watching
families
being
basically
displaced
or
moved
out.
They
move
out
of
the
city
because
they
can't
afford
he's
seen
it
he's
seen
that
and
so
we're
just
going
to
continue
to
work
forward.
We
have
high
goals
to
the
city
of
Boston.
We
are
certainly
growing
and
thriving
in
the
city,
but
we
want
us.
C
We
want
to
see
to
grow
and
thrive
for
everyone
that
lives
here
and
everyone
that
wants
to
stay
in
our
city.
We
need
to
build
housing
and
we
need
to
make
sure
that
the
housing
is
accessible
for
a
wide
range
of
incomes
and
that
that
is
something
it's
important
and
that
takes
partnerships.
It
takes
innovation.
It
takes
a
lot
of
hard
work
to
sit
down
and
talk
about
it.
It
shouldn't
take
20
years.
This
development
embodies
those
qualities,
though
it's
why
this
model.
This
is
the
model
that
we
can
achieve.
C
If
we
continue
to
work
together,
we
want
inclusive
growth.
We
want
mixed
income
and
that's
what
this
is
about.
We
want
development
without
displacement.
This
is
affordable.
Every
single
unit
has
limited
limited
incomes
at
seventy
percent
or
less
of
the
median
area.
We
wanted
to
be
environmentally
friendly
and
reduce
traffic.
This
is
a
trans,
oriented
development
and
I've
had
conversation
with
Timmy
about
getting
the
businesses
more
people
into
the
businesses.
C
The
way
you
get
more
people
into
the
business
is
by
building
housing,
so
people
that
live
in
the
neighborhoods
will
walk
to
the
walk
to
the
shops
eat
in
the
restaurant.
You
can't
have
you
can't
have
a
thriving
business
district
if
you
don't
have
people
in
that
thriving
business
district,
and
so
it
is
so
important
for
us
in
this
it
nearly
20
percent
of
these
units
in
and
in
out
of
the
27
three-bedroom
units.
There's
play
space
for
children.
C
As
you
start
when
you
walked
in
the
front
door,
there
was
a
lot
of
concern
when
this
project
is
being
built.
You
know
the
train
station
is
out
front.
Kids
are
gonna,
be
playing
out
there.
Well,
you
simply
solve
that
problem
by
putting
the
play
station
behind
the
building
and
not
in
front
of
the
building
and
that
got
resolved.
So
there's
no
trains
out
there
that
I
saw
when
I
came
in
today.
C
So
it's
an
opportunity
for
us
to
to
do
this,
but
we
want
to
enhance
neighborhoods
and
I'll
end
with
just
talking
a
little
bit
about.
There's
been
a
lot
of
proposals
in
this
neighborhood
for
housing
and
there's
been
a
lot
of
mixed
reaction
on
those
projects
and
should
they
be
accepted
or
not
accepted,
and
what
was
simply
asking
people
for
us
to
have
a
conversation
and
dialogue
when
this
building
was
being
proposed.
You
know
people
said
to
me:
it's
the
wrong
place.
C
It
doesn't
look
good
and
as
I
watch
this
building
go
up
and
now,
as
Timmy
said
me
and
Tim
we're
talking
a
minute
ago,
is
it
once
the
design
review
and
as
tough
as
the
plans
on
the
outside
change
and
a
little
bit
of
the
facade
change
and
the
colors
change
and
the
scheme
change?
It
fits
right
in
its
fits
right
into
a
neighborhood,
so
I'm
just
asking
I
know
everyone
in
this
room
here
today
is
probably
pretty
much
a
housing
advocate
and
for
all
the
different
balls
that
are
being
proposed.
C
But
before
you
say
no
before
you
say
no,
let's
have
that
conversation.
Let's
try
and
create
opportunities
to
build
more
housing.
It
is
about
building
housing.
I
read
somebody
said
yesterday:
we
should
have
a
moratorium
on
construction
if
we
have
a
moratorium
construction
what's
gonna
happen.
There
is
that
we
will
build
no
new
housing
and
the
housing
struck
that
here
you
have
on
the
market.
The
price
of
will
go
up,
people
will
be
pushed
out
of
the
city
of
Boston
and
we
won't
be
able
to
gentrification.
C
We
won't
even
think
about
gentrification,
because
it's
gonna
happen
so
quickly.
We
need
to
continue
to
move
forward
and
think
about
how
do
we
move
forward
and
how
do
we
think
about
building
a
community
and
strong
community
and
making
sure
50
years
ago
these
neighborhoods
had
ten
and
twelve
kids
and
family?
Remember,
there's
any
child
in
the
neighborhood,
that's
where
you
had
the
population
today
we
don't
have
those
families,
we
have
children,
three
and
four
families,
people
living
in
the
homes,
so
we
don't
have
the
same
amount
of
people.
C
So
in
order
to
support
a
thriving,
healthy
business,
community
and
neighborhood,
we
need
to
bring
people
into
those
neighborhoods.
You
can
just
simply
look
to
our
sports
organizations
and
our
sports
groups.
We
see
that
Little,
League's
and
pop
one
is,
and
football
organizations
and
basketball
and
all
those
the
kids
aren't
there
anymore.
We've
seen
these
organizations
merging
with
other
organizations
in
Dorchester
we
used
to
have
Cedar
Grove
and
salmon
and
Little
League.
We
had
enough
kids
to
support
both.
Today
we
have
one
Dorchester
little
Dorchester
literally.
C
It
is
about
creating
opportunities
for
people
and
moving
falling
this.
This
kind
of
work
that
we're
talking
about
here
we
can
certainly
Drive
and
up
and
down
the
family
line
throughout
a
transit
Kardos.
We
built
the
trains
in
the
Fairmont
line
to
bring
people
into
neighborhoods
and
bring
opportunity
to
neighborhoods.
We
didn't
build
the
trains
in
these
neighborhoods
to
say:
there's
a
stop
in
the
neighborhood
we
bring.
We
brought
it
to
bring
Economic
Opportunity
economic
prosperity
and
to
finally
deal
with
income
inequality.
C
That's
why
those
lines
are
there
and
that's
why
we
need
to
continue
to
move
forward
here
so
I
just
want
to
end.
I
prime
Amy's,
over
here
I,
took
all
the
time
that
was
earlier,
but
I
am
excited
about
this
project,
because
this
is
one
of
the
first
projects
that
I
support
his
man
and
it
was
controversial
and
it
was
in
a
neighborhood
that
supported
me
overwhelmingly
for
men
and
I
looked
at
the
idea
and
it's
okay.
What
do
we
do
here
and
I
felt
in
my
heart?
C
A
Thank
You
mayor
the
next
person
I
wanted
to
bring
up
is
Janelle
Chan
Janelle
Chan
is
Massachusetts
new
housing
chief
she's,
the
the
new
Commonwealth's
undersecretary
for
Housing
and
Community
Development,
and
for
people
who
who
are
in
the
field
right
she's
got
crystals
old
job,
and
so
she
I'm
not
gonna,
do
more
than
that.
I
think
that
where
we'd,
just
denieth
need
to
move
forward.
So
if
you
want
to
introduce
yourself
to
the
community
here,
we
want
to
thank
you
for
being
here
representing
the
Baker
administration.
Janelle.
D
D
I
know
the
hard
work
and
the
heartache,
and
also
the
roller
coaster
rides
that
the
community
has
to
go
through,
and
this
is
really
a
testament
of
that
persistent
of
that
resistance,
resilience
to
making
your
neighborhoods
and
your
communities
a
better
place
for
everybody,
and
so
I
applaud
you
for
sticking
in
there
so
I.
This
project
came
to
my
attention
when
I
was
the
chief
of
real
estate
for
the
MBTA.
D
The
first
thing
I
did
when
I
came
here,
was
walk
along
or
right
away
right
and
looked
at
the
rearrangement
of
the
parking
spaces
and
whatnot
and
how
it
aligns
with
everything
and
that's
the
unsexy
stuff,
but
that's
the
unsexy
stuff
that
makes
projects
work,
and
we
had
to
talk
to
my
guys
who
are
doing
snow
removals
at
the
time,
the
guys
who
are
doing
cleaning
of
the
right
away
and
to
help
them
convince
them.
Hey
listen,
this
rearrangement.
D
This
might
make
your
life
a
little
uncomfortable
for
a
little
bit
time,
but
this
is
the
right
thing
for
us
to
do:
Hildy
for
Rebecca
our
council.
At
that
moment
we
were
all
behind
us.
I
mean
it
might
have
been
controversial
this
project,
but
it
made
so
much
sense.
It
makes
so
much
sense.
This
is
a
smart
project.
D
We
talked
about
gentrification
oftentimes,
but
this
project
is
part
of
that
solution
and,
as
part
of
the
Baker
bolita
administration,
we're
trying
to
do
our
best.
We
need
to
help
all
municipalities
to
do
their
part
to
help
us
create
more
housing,
more
housing
for
everyone,
so
Massachusetts
stays
a
place
that
is
welcoming
for
everybody.
So,
thank
you.
The
rush
for
helping
us
pass
the
largest
bond
bill,
1.8
billion
dollars
for
housing
right.
D
We
also
passed
1.1
billion
dollars
for
capital
improvements
in
capital
dollars
for
the
next
five
years.
That's
18
percent
increase
from
previous
five
years.
That's
a
huge
additional
resource
for
projects
such
as
these.
These
transformative
projects,
we
said
an
ambitious
goal.
We
set
a
goal
135,000
by
2025,
but
yet
that
is
really
you
know,
based
on
what
we've
been
producing
in
the
last
three
years.
You
know,
maybe,
five
years
ago,
a
decade
ago
we
were
producing
30,000
units,
30,000
units,
four
and
now
we're
producing
half
of
that.
D
We
need
to
make
sure
that
we
are
producing
enough
units
to
allow
our
economy
to
continue
to
prosper.
Right
housing
is
key
key
to
the
economic
health
of
our
Commonwealth
and
am
mayor.
Thank
you
for
your
leadership.
Thank
you
for
the
leadership
of
the
Metro
mayor's
coalition,
who
also
you
look
at
best
practices
and
put
forward
their
goals
in
terms
of
what
regionally
we
can
be
doing
here.
You
know,
Housing
Choice
is
the
initiative
that
we've
put
forward.
D
This
is
important
in
terms
of
both
we're
providing
grants
to
local
municipalities
in
terms
to
reward
them
to
incentivize
them,
to
encourage
them
to
continue
doing
the
right
things.
We
have
69
designate
communities.
There
were
five
million
dollars
funded.
We
also
provide
technical
assistance.
So
did
you
know
that
70%
of
our
municipalities
and
communities
actually
have
a
declining
school
enrollment,
so
oftentimes
I
go
to
a
lot
of
town
meetings
and
folks
the
bad
word
is
kids
right.
That
shouldn't
be
the
case
right.
D
So
the
perception
right
and
folks
is
aspirations
and
also
goals
in
their
community.
Sometimes
don't
align
and
housing
choice
is
providing
that
data
that
ta,
that
the
knowledge
of
best
practice
to
help
each
communities
reach
their
goals
and
aspirations
based
on
the
future
that
they
are
envisioning
for
themselves,
and
that
needs
include
housing
production
for
all,
so
with
that
I
just
want
to
congratulate
Southwest,
Boston,
CDC,
Dave
joerger
and
his
his
work
on
this
project,
and
we
look
forward
to
having
27
new
families
populate
and
be
a
part
of
this
community.
Thank
you
so
much.
A
Thank
you
so
much.
The
next
speaker
is
Paul
Grogan.
Who
is
the
president
and
CEO
of
the
Boston
foundation?
Paul
has
been
there.
People,
probably
everybody
in
the
room,
knows
how
much
the
Boston
foundation
has
done
for
the
community
and
for
the
city
and
just
really
is
there
all
the
time
they
funded
they've
been
funding
the
CDC
since
the
get-go,
so
they've
been
on
board
with
us
for
almost
20
years.
They
have
been
just
remarkable.
A
E
Thank
you.
Thank
you.
Thank
you.
Well,
congratulations
to
everyone.
Who's
associated
with
this.
There
have
been
our
congratulations
as
well.
There
have
been
numerous
references
to
have
difficult.
This
was
the
way
we
always
thought
of
it
at
the
Boston
foundation
was
if
we
don't
do
this
project,
what
exactly
will
we
do?
What
will
we
be
looking
for
that
more
completely
fulfills
the
priorities
that
everyone
knows
we
should
have
at
this
point,
so
there
was
a
lot
riding
on
this.
E
A
lot
more
than
27
units
of
housing
and
mayor
I
really
want
to
congratulate
you
for
where
you
came
out
on
this
I
know
enough
about
politics
to
know
that
to
disappoint
ardent
supporters
very
early
in
your
term,
which
you
had
to
do
in
order
to
do
this,
is
it's
not
a
preferred
course,
but
you
you
did
it
and
the
results
will
be
leverage
many
many
times
over
and
because
it
took
so
long,
it's
a
very
good
thing
that
all
these
relationships
are
so
durable
and
productive.
Some
of
you
know
that
way.
E
Mayor
want
to
thank
you
for
making
the
Fairmount
corridor
such
a
priority.
Before
you
came
into
office.
Nobody
was
talking
about
the
Fairlane
corridor
outside
of
the
very
involved
community
itself
and
and
you've
elevated
it
very
significantly.
This
is
but
one
result
of
the
remaking
of
a
part
of
the
city.
That's
going
to
bring
a
lot
of
opportunity
to
people
who
have
not
had
it.
I
also
want
to.
Thank
you
mayor
for
another
thing.
I've
been
very
involved
in
over
the
years.
E
Is
the
low-income
housing
tax
credit
which
we
have,
which
list
which
I
headed
at
the
time
helped
get
passed
and
has
sustained?
It
is
an
absolutely
vital
resource
that
could
have
disappeared
in
the
tax
bill.
That
was
recently
passed
and
I
want
to
thank
mayor
and
many
of
his
colleagues
for
defending
as
ardently
as
they
did
the
housing
credit
and
what
is
accomplishing,
because
if
we
had
lost
that
boys
and
girls
I
mean
that
would
have
been
the
game
in
terms
of
housing.
So.
E
So
once
again,
the
foundation
Greater
Boston's
Community
Foundation,
has
involved,
as
we
should
be
in
multiple
ways:
supporting
individual
CDC,
supporting
the
Fairmont
collabora
funding
that
transit
oriented
development
fund
that
provided
part
of
the
financing
and,
as
I
mentioned,
the
national
equity
fund,
which
I
helped
found
in
1986,
provided
the
equity
here
is
just
a
great
example
of
the
possible.
Thank
you.
So
much.
A
A
A
A
A
There's
also
Pam
bender
is
here
from
MA.
Cdc
I
saw
her
Thank
You
MA
CDC
for
being
here.
The
next
speaker
is
Roger.
Herzog
Roger
is
the
executive
director
of
c-dac
Community
Economic
Development
Assistance
corporation.
He
works
with
CDC's
and
other
nonprofits
on
new,
affordable
and
supportive
housing
development.
They
have
been
there
since
the
beginning
with
us.
They've
been
an
incredible
supporter.
We
couldn't
have
done
it
without
sea
deck
and
thank
you
so
much
Roger.
G
Thank
You,
Mimi
and
good
morning,
congratulations
to
our
nonprofit
partner,
the
Southwest
Boston
CDC,
the
board
and
the
staff
to
the
truth,
companies
their
partner,
the
development
team
mayor,
Walsh
center
rush,
councillor,
McCarthy,
all
of
the
fellow
lenders.
We
are
so
pleased
to
be
helping
to
celebrate
this
important
ribbon-cutting
event
for
the
residences
at
Fairmont
Station,
as
Janelle
said,
I
had
the
same
exact
words:
a
testament
to
the
persistence
of
the
CDC
in
moving
this
forward
in
the
Hyde
Park
neighborhood
I'm
really
happy
because
I
was
born
in
Hyde.
G
G
Do
you
remember
2009?
It
was
not
the
most
propitious
time
to
begin
thinking
about
a
new
investment
and
for
a
CDC
that
had
never
really
done
a
major
new
housing
development.
It
was
a
tough
road
to
hoe.
Banks
were
not
lending
in
2009.
There
were
folks
that
were
telling
c-dac.
We
shouldn't
be
investing
in
new
projects
until
we
see
where
this
recession
is
going
to
go,
but
we
felt
like
if
we
don't
continue
to
work
on
new
housing
development
proposals.
G
What's
going
to
happen
in
a
couple
years,
when
the
economy
does
recover,
we're
gonna
have
to
start
from
scratch.
So
our
work
is
to
make
sure
that
we
do
keep
a
pipeline
of
new
projects
coming
into
the
system,
because
we
have
public
resources
available
to
build
these
types
of
projects
in
2009.
The
project
location
was
in
Logan
Square.
A
couple
years
later,
the
location
changed
to
the
current
site
here,
a
great
site
transit
oriented
on
not
Street.
G
Over
the
nine
years
of
our
involvement,
c-dac
provided
early
stage
financing
of
about
1.3
million
dollars,
including
both
acquisition
and
pre
development
financing.
The
acquisition
loan
was
made
as
part
of
the
equitable
transit
oriented
development
and
acquisition
fund
and
you're
going
to
hear
from
Karen
Kelleher
about
that.
But
thank
you
to
Liske
and
your
partners
on
that.
This
project
is
a
premier
example
of
the
role
of
patient
capital
in
affordable
housing
development
c-dac
understood
the
importance
of
this
project
to
the
CDC.
G
To
the
neighborhood
and
the
city,
and
we
salute
our
partners
for
getting
the
project
completed
and
we
congratulate
the
soon-to-be
new
residents
of
this
neighborhood.
As
the
mayor
and
Janelle
have
both
indicated,
we
cannot
wait
to
do
more
housing
with
the
CDC.
Given
our
long-term
involvement
in
the
project,
we
actually
had
three
project
managers
over
the
length
of
our
involvement.
Our
current
project
manager,
Madeline
Ashe,
is
not
available,
but
I
do
want
to
recognize
Sarah
Barkin
who's,
CNX,
director
of
housing
development-
who
is
here
with
me
today.
A
A
A
The
next
speaker
is
Robin
Gallagher
she's,
the
senior
vice
president
of
commercial
real
estate
of
Webster
bank
Webster,
was
one
of
our
key
funding
partners
for
this
new
construction.
She
joined
Webster
in
2005
after
a
dozen
years
with
the
Bank
of
New.
York
she's
has
played
a
significant
role
in
in
assisting
us
also
wanted
to
to
just
recognize
Peter
mossbacher
from
Webster.
Also,
who
has
really
been
a
key
leader
here
and
just
want
to
thank
you
and
please
come
on
up.
B
Good
morning,
thank
you
to
all
the
dignitaries
and
mayor
and
to
dave
and
dan
and
and
everyone
who
came
out
to
celebrate
the
completion
of
this
impactful
development.
What
a
really
beautiful
project
Webster
bank
was
founded
in
1935
in
the
midst
of
the
Great
Depression.
Today,
Webster
is
leading
regional
bank
in
the
Northeast,
led
by
a
chairman
and
CEO
John
su
EULA,
but
what
we
have
grown.
Our
core
values
have
remained
the
same.
Taking
personal
responsibility
for
meeting
our
customer
needs,
respecting
the
dignity
of
every
individual
and
giving
ourselves
in
the
communities
we
serve.
B
We
had
to
be
very
flexible
during
the
origination
and
closing
process,
while
balancing
between
representing
the
interests
of
our
institution
and
meeting
the
evolving
needs
of
the
project.
Because
of
the
incredible
team
effort
from
my
colleagues,
the
trade
wharf
development
team,
Southwest,
Boston,
CDC,
public
and
private
funders
and
the
myriad
of
legal
counsel,
who
were
all
dedicated
to
affordable
housing
and
making
sure
this
project
was
successful.
We
all
got
the
job
done.
We
particularly
enjoyed
working
with
our
public
partners
at
the
state
and
local
levels,
without
whom
this
project
would
never
have
come
to
fruition.
B
What
an
outstanding
job
by
Dave
and
Dan
and
Trey
Garth
team
and
Southwest
development,
and
in
coordinating
the
many
many
funding
sources
for
this
project
I,
would
also
like
to
acknowledge
my
Webster
colleagues
who
came
out
today
to
support
the
project
we
have
Deborah
Paula.
She
is
the
regional
president
for
Webster
bank
Massachusetts.
B
Michaels
Thurs,
who
is
a
Webster
bank,
a
construction
loan
portfolio
manager
who
made
sure
everybody
was
getting
paid
and
the
project
was
proceeding
along
schedule
and
in
a
lane
ficarra
in
our
communications
group.
Mr.
bang,
thank
you
all
for
your
hard
work
and
teamwork
on
this
project,
and
we
should
all
feel
incredibly
proud
of
what
we
have
accomplished
today
and
knowing
that
the
beneficiaries,
the
residents,
have
a
beautiful,
safe
place
to
call
home.
Thank
you.
D
A
You
so
much.
The
next
speaker
is
Kevin
Caron
to
Kelliher.
Karen
is
the
new
executive
director
of
Liske
Boston
Karen
brings
more
than
20
years
of
experience,
driving
housing,
affordability
and
building
strong
inclusive
communities.
She
brings
deep
expertise
in
housing,
finance
and
development
policy
prior
to
coming
on
board.
As
the
liske
Edie
she
was
deputy
director
of
the
mass
Housing
Finance
Agency
she
has
been
Liska,
has
been
a
stalwart
and
supporting
the
CDC
since
day
one
really.
We
also
want
to
recognize
Bob
van
Meter,
I,
don't
think
he's
here.
A
H
Good
morning,
everyone
I
love
going
close
to
the
end
of
these
things,
because
I
get
to
make
a
joke
about
how
boring
it
is
to
see
funders
get
up
and
congratulate
each
other.
This
case
is
particularly
fun
because,
of
course,
everything
I
was
gonna
say
has
already
been
said
by
somebody,
including
like
the
money
we
put
in,
we
partnered
with
somebody
or
other
for
every
piece
of
it,
but
I'm
new
to
my
job
as
Mimi
said
and
I'm
trying
to
figure
it
out
and
I
want
to.
H
H
Wait
for
it
with
Paul
Grogan
from
the
Boston
foundation
and
Sony
Gupta,
who
leads
their
housing
work.
So
I
got
a
lot
of
inspiration
on
the
way,
including
by
the
way
these
words
of
wisdom
from
Paul.
If
you're
going
to
speak
publicly,
do
a
good
job,
no
pressure,
so
I
did
want
to
mention
the
equitable
transit
oriented
development
fund,
because
it
is
a
very
important
part
of
making
a
development
like
this
happen
and
having
it
connect
people
to
jobs
and
community.
H
The
way
that
so
many
who
preceded
me
talked
about
this
is
an
inspiration
for
me
as
I
think
about
how
we
can
deploy
that
fund
further.
This
is
patient
money.
As
Roger
said,
we
partner
with
c-dac
on
it
the
fount,
Boston
foundation,
generously
capitalized,
that
fund
with
some
other
partners,
the
state
of
Massachusetts
Thank,
You
Janelle
funded
a
million
dollars
to
also
create
top
last
for
that.
H
So
the
partnership
that
goes
into
creating
the
financing
and
the
solutions
for
these
projects
is
so
complex,
but
the
ecosystem
that
Paul
talked
about
that
is
working
so
well
is
awe-inspiring
and
I
take
some
of
that
back
with
me
as
I.
Try
to
think
about
how
I
can
build
on
the
legacy
of
risks
experienced
nationally
and
by
the
way
Paul
led
risk
for
13
years
and
really
grew
it
into
the
national
powerhouse
that
it
is
today.
So
that
was
a
particular
opportunity
for
me
to
talk
with
him
about
that.
H
But
I
want
to
thank
Southwest
Boston
for
the
inspiration
of
your
persistence
and
bringing
this
deal
here,
supporting
a
CDC
like
Southwest,
Boston
and
all
of
the
CDC's
along
the
pheromone
order.
I
see
several
and
I
see
Ching
jablow,
miling
big
right
there,
but
the
vision
to
invest
in
the
fairmont
corridor.
The
transit
advocacy
that
happened
to
bring
the
stops
to
the
communities
along
the
corridor
is
very,
very
inspiring
and
the
vision
that
went
into
that.
H
The
leadership
from
the
Boston
foundation
from
the
mayor's
office
from
Sheila,
Dillon,
and
so
many
of
you
in
the
room
quite
undoubtedly,
will
get
myself
in
trouble
because
I've
named
individual
summation.
So
thank
you
for
the
inspiration
and
I
just
want
to
ask
all
of
you
to
take
that
inspiration
and
keep
up
the
good
work
because
forth.
Thousands
of
people
applied
Kazumi.
A
Since
true
worth
companies
began,
he's
directly
overseen
a
wide
variety
of
complex
mixed
income
and
mixed-use
development
projects
in
the
Boston
metro
area,
and
that,
as
people
have
heard,
this
was
a
really
complex
incredibly
long
term.
Great
amazing
development
and
he's
just
been
been
there
with
us
he's
a
leader
he's
a
friend,
he's
an
ally
and
he's
a
tenacious
partner.
I
also
just
wanted
to
say
thank
you
to
Dan.
Hubbard
who's
really
been
there
with
us,
one
of
the
true
worth
partners,
Tania
Pannell
and
then
also
Dan
O'shea,
really
such
a
great,
tenacious
small.
F
Okay,
Thank
You,
Mimi
I,
just
want
to
say
two
things:
I
want
to
say
one.
Thank
you
to
all
of
you.
This
is
truth
company's
first,
low-income
housing,
tax
credit
deal
as
our
own
and
Southwest
Boston's
as
well.
So
believing
in
a
team
that
was
really
young,
I
had
to
look
up
when
the
white
administration
was
and.
G
F
Nice
to
be
welcomed
into
the
family
of
these
relationships
that
are
really
strong
and
to
learn
from
many
of
you.
So
thank
you
to
you
all
for
believing
in
us.
It
means
a
tremendous
amount,
and
the
last
thing
I
just
want
to
leave
you
with
is
a
vision
as
you're
sitting
down
for
your
holidays.
27
families
are
gonna,
have
their
first
holidays
in
this
beautiful
building,
and
so
as
you're
doing
that
with
your
family.
Think
about
these
families
come
back
and
see
us
visit
them.
It's
just
an
amazing
thing.
So
thank
you.
A
Thank
you
so
much,
and
so
if
people
want
to
see
the
the
units
I
know
that
folks
have
wandered
around,
but
we
are
doing
tours
and
so
once
again,
I
just
want
to
thank
everybody.
I
want
to
thank
mayor
Walsh.
All
the
people
that
I
forgot
I
could
have
named
every
single
person
in
this
room.
Who's
just
played
such
a
major
role
in
making
this
happen,
but
we're
it
we're
on
to
the
next
one
right.
This
was
our
first
dream:
we're
gonna
build
another,
affordable
housing
development
for
folks
in
need.
A
We've
just
gotten
started
right,
so
we're
we
I
said
we'll
get
out
of
the
cold,
but
we're
not
in
the
cold
thank
God
for
the
planners.
So
let's
do
a
tour
of
the
building.
Have
coffee
have
some
more
snacks
from
from
Fornax?
Thank
you
so
much
everyone
for
being
here
and
you
know
let's
go
forward
and
build
more.
Thank
you.