Jobs and Housing

Increase the livability, affordability and safety of Greater Boston neighborhoods

Neighborhood man  photo

Background

Jobs and housing are at the center of our efforts to create thriving neighborhoods. We firmly believe that strong neighborhoods make a strong region.  We work with our public, philanthropic and community partners to ensure that residents have access to jobs and stable housing in transit-rich, safe and walkable communities.  Our efforts are aimed at empowering residents of low-income Boston neighborhoods to achieve economic self-sufficiency.  To accomplish this, we invest in strategies that foster business and job growth, promote community economic development and increase access to jobs.  We see housing as a key stabilizing force for families and communities, and a core component of our region’s competitiveness. Our housing efforts focus on affordable housing for vulnerable populations and complement our jobs strategy by promoting housing near transit to enhance access to jobs and services. 

Approach

The Foundation makes targeted investments to strengthen urban and low-income commercial districts, and advance small business and entrepreneurial innovation and growth. These efforts, supplemented by investments in workforce partnerships with deep employer engagement, aim to increase job opportunities for residents in low-income Boston neighborhoods.

We take a multi-tiered approach to promote housing solutions.  At the state level, we advocate for policy change and support the capacity of the affordable housing sector to provide housing solutions for vulnerable populations. At the community level, we focus on housing that is closely connected to other areas of families’ lives and invest in transit-oriented development opportunities such as the Fairmount/Indigo Corridor.  At the household level, we invest in affordable housing for low-income families, the elderly and the disabled.

Desired Outcomes

The Foundation seeks to support the retention, creation and growth of 50 small businesses along the Fairmount Corridor with corresponding increases in revenues and employment by 20% by 2015, and to gain employment for 500 low-income residents in key and expanding regional clusters. 

We also seek to contribute toward the production of 7,500 housing units, which represents over 15% of the 46,124 unit projected housing shortage in Greater Boston. Our particular emphasis is on affordable and transit oriented development units with additional work promoting the turn-around of foreclosed properties.  

Also See...

Latest News

Boston Foundation announces nearly $1.6 million in grants to Greater Boston organizations
Date: June 20, 2014
The Boston Foundation announced its quarterly discretionary grants after a meeting of the Foundation Board of Directors today. The Board approved $1,550,600 in single and multi-year discretionary grants to be paid out beginning in June 2014. Of the 16 grantees for the quarter, three are receiving multi-year grant support.
Boston Foundation pledges $10 million investment in Fairmount Corridor
Date: July 18, 2013

Paul S. Grogan today announced the Boston Foundation would commit $10 million or more over the next four years to projects along the Fairmount Corridor – a nine-mile stretch of neighborhoods along the MBTA’s Fairmount rail line, providing empowering support to neighborhoods and organizations working to bring jobs, housing, and economic investments to the community while uplifting the cultural identities of those groups living along the rail line.

Funds

The Civic Leadership Fund Female student portrait photo The Civic Leadership Fund supports the Foundation’s role as a civic hub where information, knowledge, resources and influence come together for the greater good of our region.  This crucial fund helps us tackle some of our region’s most serious challenges through a wide range of activities.

The Permanent Fund for Boston Longley-Elisio-photo

At the heart of everything the Boston Foundation has done over the last century—every grant it has made, every innovation it has supported, every cause it has championed—is its endowment, the Permanent Fund for Boston.  Established through bequests left by hundreds of visionary and forward-thinking Bostonians since 1917, this essential fund fuels all of the Foundation’s work and provides the resources that have sparked positive change and enabled new ideas.