User:BostonAsiaGirl/sandbox

The Asian Community Development Corporation (ACDC) is a community based organization located in Boston Chinatown. During the mid-1980’s, Boston Chinatown sorely lacked affordable housing. Asian immigrants and other low income families had extreme difficulty in finding affordable homes. Many were forced to find affordable housing in the suburbs where cultural and linguistic barriers limited their access to basic, essential services and job opportunities. Community leaders founded ACDC in 1987 to address these issues.

Oak Terrace was the first housing development for ACDC and home to their first formal office. Asian Community Development Corporation (ACDC) won the right to develop Oak Terrace on land owned by the City of Boston in 1987. The development was completed in 1995. Oak Terrace is also one of the first developments in the country to utilize the now standard Low Income Tax Credit (LIHTC) program and was then the first new construction project in Chinatown in over two decades.

The Parcel 24 project is a joint venture of ACDC and the New Boston Fund. The project is located at the tip of the Rose Kennedy Greenway. It will create about 350 units of new housing primarily on Hudson Street but also on Kneeland Street. This area had been razed in 1962 to make way for a highway. This project will restore the urban fabric and vibrancy of the Hudson Street neighborhood that existed nearly half a century ago.

The plans were created in response to the community’s needs:
 * rental and ownership units of which 40% of designated for low- and moderate-income households
 * green space
 * community space
 * ground floor retail
 * underground parking