Parcel 24. Graphic from Asian Community Development Corp.
City and state officials gather Monday morning to announce financial help for a planned development that would restore housing to a block demolished for a support structure for I-93 nearly five decades ago.
The Asian Community Development Corp. and the New Boston Fund, Inc. plan a mixed-use development on Parcel 24, bordered by Kneeland and Hudson streets and the highway that will include 345 units of housing - 40% designated as "affordable."
The Herald reports the project will cost $130 million. The BRA awarded development rights to the two in 2006.
The announcement, which will include Gov. Patrick and Mayor Menino, starts at 8:45 a.m. at the corner of Kneeland and Hudson.