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Boston's housing development faces setbacks as high costs and interest rates hinder multifamily project financing.
Boston's multifamily housing construction is slowing due to high interest rates and construction costs, making it hard for developers to secure financing.
The state aims to create 222,000 new homes over ten years using tools like Chapter 40B and the Affordable Homes Act.
Meanwhile, the city is developing city-owned sites into income-restricted housing and considering converting vacant offices into homes to address the housing crisis.
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El desarrollo de la vivienda de Boston se enfrenta a reveses, ya que los altos costos y las tasas de interés obstaculizan la financiación de proyectos multifamiliares.