I know it is easy to be impressed by nice pictures, but did anyone read Peabody's proposal for 64 Durfee Street? Because all evidence indicates that FROED/RDA/Correia have not. They are vigorously arguing that this proposal will not be low income housing.
“I take exception to the opponents coming to their conclusion that this will be a low-income housing project,” Redevelopment John Almeida said of Councilor Cathy Ann Viveiros’ description. Mr. Almeida, I suggest you and your cohorts read Peabody's proposal...page 7 for example which states, "To finance the re-development of this project we intend to apply for Low Income Housing Tax Credits." Page 7 also indicates that Peabody will be using other sources of low income housing funds to develop this property, such as "Housing Innovations Fund," a program for the creation and retention of alternative forms of housing for low income and extremely low income persons and families.
Peabody's proposal states that they will look to the Fall River Housing Authority, the Department of Housing and Community Development, and the Department of Transitional Assistance (aka welfare) to pay the rent on many of the units.
If this isn't low income housing, I don't know what is; but with the likelihood that 64 Durfee with be sold to Peabody Properties, I am looking on the bright side, maybe someone will get arrested over this.