Note: This article was updated to correct several inaccuracies, namely that the affordable housing would be built at 620 Albany Street - it is not, it will be built on Cortes Street in Bay Village.
According to plans presented to the Boston Redevelopment Authority, BU plans to spend $694,000 renovate a building to create affordable housing units for Boston's homeless.
The proposal submitted by BioSquare Realty Trust and Caritas Acquisitions LLC for the development was approved unanimously by the BRA last week. A separate entity will be developing the project; BU's link to the project is primarily financial per its agreement with the city when it was granted the right to build the biolab in the South End.
The project involves the renovation of a building on Cortes Street to create 100 percent affordable housing units for Boston’s homeless and those transitioning to employment.
The housing will also feature work force training through Project Place, that offers job opportunities and skill training. Project Place executive director Suzanne Kinney spoke at the presentation and said the project would improve the lives of about 40 homeless individuals.