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A rendering of The Carruth in Boston

The Carruth, Boston

When the railroad first came through the Ashmont section of Dorchester in 1850, it started a wave of residential development. For the first time, Bostonians could live in the 'country' and easily commute into Boston. It might not have been called transit-oriented development (TOD) at the time, but the idea was the same. Today, Ashmont is experiencing a new wave of TOD with the building of The Carruth.

Named after Herbert Carruth, one of Dorchester's first real estate developers and public servants, the mixed-income housing development is being built in conjunction with the redevelopment of the Ashmont Peabody Square Transit Center. The Carruth, which is located on an adjacent 38,000 square foot lot owned by the MBTA, will also incorporate such 'Smart Growth' design principles as the use of photovoltaic panels, energy efficient appliances and building methods, and the redevelopment of a community center.

When completed, The Carruth will include 74 affordable rental units and 42 market-rate condominiums on six floors, as well as 80 underground parking spaces. All of the rental units will be available to households earning no more than 60% of the area median income, which is $40,380 for a two-person household in Boston. In addition, eight of those units will be rented to households earning no more than 30% of the area median income, which is $20,200. As a condition of the ground lease with the MBTA, all the rental units will remain affordable for the lease's 85-year term.

The Carruth will also add 10,000 square feet of neighborhood retail space, which will include a Wainwright Bank, a coffee shop, and several other stores. The combination of new housing and new retail businesses will play an important role in the continued revitalization of the Ashmont neighborhood.

MassHousing made $35.1 million in loans for this project, including $4 million from the special $22 million "transit-oriented" set-aside of the Agency's .

The developer of The Carruth is Trinity Financial, Inc. The architect is The Architectural Team, and the contractor is CWC Builders Inc. The management agent will be WinnResidential. Construction began in July of 2006 and is expected to be completed in December 2007.

Funding Source Amount
Total Development Cost $52.6 million
MassHousing
- Construction
- Permanent
-

$25.4 million
$5.7 million
$4 million
Department of Housing & Community Development
- Low Income Housing Tax Credits
- State Tax Credit
- State HOME Funds
- State Transit-Oriented Development

$15.6 million
$9.5 million
$1 million
$2 million
City of Boston
- City HOME Funds
- Neighborhood Housing Trust Fund

$1.75 million
$750,000
Massachusetts Technology Collaborative
- Alternative Energy Loan

$580,000
Developer Contribution $425,000
Condominium Sales Proceeds $11.3 million