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MEMORANDUM

JULY 16, 2015

TO:

BOSTON REDEVELOPMENT AUTHORITY AND


BRIAN P. GOLDEN, DIRECTOR

FROM:

HEATHER CAMPISANO, CHIEF OF STAFF


ERICO LOPEZ, DIRECTOR OF DEVELOPMENT REVIEW AND POLICY
GARY UTER, PROJECT ASSISTANT

PLANNED DEVELOPMENT AREA NO. 54, FAN PIER PROJECT ON


THE SOUTH BOSTON WATERFRONT, AMENDMENT TO
AFFORDABLE HOUSING AGREEMENT FOR THE FAN PIER PROJECT
AND AMENDMENT TO AFFORDABLE HOUSING AGREEMENT FAN
PIER PARCEL C
______________________________________________________________________________
SUBJECT:

SUMMARY: This Memorandum requests authorization for the Director to execute an


Amendment to Affordable Housing Agreement for the Fan Pier Project
and an Amendment to Affordable Housing Agreement for Fan Pier
Parcel C.
______________________________________________________________________________
In connection with the Fan Pier project on the South Boston Waterfront, the
Development Plan for Planned Development Area No. 54 was approved by the Boston
Redevelopment Authority (BRA) on November 14, 2001 and adopted by the Boston
Zoning Commission on February 27, 2002, and was subsequently amended by the First
Amendment to the Development Plan for Planned Development Area No. 54, which
was approved by the Boston Redevelopment Authority on December 20, 2007 and
adopted by the Boston Zoning Commission on January 30, 2008 (collectively, the
Development Plan).
The Fan Pier site, which contains approximately 20.9 acres, is generally bounded by the
Boston Inner Harbor to the north, Moakley Federal Courthouse to the west, Northern
Avenue to the south and Pier 4 to the east (the Project Site).
In connection with the Fan Pier Project, the BRA and Fan Pier Development LLC
entered into an Affordable Housing Agreement for the Fan Pier Project, dated as of
September 16, 2013 (the Fan Pier Affordable Housing Agreement). In addition to
requiring affordable housing payments, the Fan Pier Affordable Housing Agreement
provided for two (2) affordable condominium units on Parcel C, two (2) affordable
condominium units on Parcel D and six (6) affordable condominium units on Parcel H
(subject to the right to reallocate three (3) of such six (6) affordable condominium units
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to Parcel E). Twenty Two Liberty LLC, the Project Developer of the residential project
presently under construction on Parcel C, has entered into an Affordable Housing
Agreement Fan Pier Parcel C with the BRA, dated as of September 16, 2013 (the Parcel
C Affordable Housing Agreement) pursuant to which Twenty Two Liberty LLC is
constructing two (2) affordable condominium units on Parcel C. Fan Pier Development
LLC has requested that the remaining eight (8) affordable condominium units not yet
under construction be reallocated so that four (4) affordable condominium units be
constructed on Parcel D and four (4) affordable condominium units be constructed on
Parcel H. BRA staff has no objection to such reallocation.
In addition, BRA Housing staff has requested that the Parcel C Affordable Housing
Agreement be amended to attach the latest form of the BRA Deed Rider Covenant for
Affordable Housing and associated documents to be used for the sale of the two (2)
affordable condominium units on Parcel C.
RECOMMENDATION
Therefore, BRA staff recommends that the Director be authorized to execute (i) an
amendment to the Fan Pier Affordable Housing Agreement to provide for the
reallocation of the remaining eight (8) affordable condominium units for four (4)
affordable condominium units on Parcel D and four (4) affordable condominium units
on Parcel H; and (ii) an amendment to the Parcel C Affordable Housing Agreement to
substitute the latest form of the BRA Deed Rider Covenant for Affordable Housing
and associated documents to be used for the sale of the two (2) affordable condominium
units on Parcel C.
An appropriate vote follows:
VOTED:

That the Director be, and hereby is, authorized to execute (i) an
amendment to the Affordable Housing Agreement for the Fan Pier Project
by and between the Boston Redevelopment Authority (BRA) and Fan
Pier Development LLC, dated as of September 16, 2013, to provide for the
reallocation of the remaining eight (8) affordable condominium units for
four (4) affordable condominium units on Parcel D and four (4) affordable
condominium units on Parcel H; and (ii) an amendment to the Affordable
Housing Agreement Fan Pier Parcel C by and between the BRA and
Twenty Two Liberty LLC, dated as of September 16, 2013, to substitute the
latest form of the BRA Deed Rider Covenant for Affordable Housing
and associated documents to be used for the sale of the two (2) affordable
condominium units on Parcel C.