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Dragon in chinatown
 

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Oak Terrace

ACDC was born out the opportunity to forge a new path for affordable housing development, by and for the Chinatown community, on the Oak Terrace site.  ACDC was formed specifically to bid for the right to develop Oak Terrace on land owned by the Boston Redevelopment Authority; the founders intended for ACDC to be a model for community-based, community-controlled development.  Begun in the late 1980’s, the Oak Terrace development was completed in 1995, surviving the deep recession of the late 80’s and early 90’s.  It is notable for being one of the first developments in the country to utilize the now standard Low Income Tax Credits.  Today the building is home to over 300 residents, the majority of whom have low to moderate incomes.  It also provides space for community meetings, local businesses, and health care practitioners.

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888 Washington Street, Suite 102 | Boston, MA 02111-1426 | 617-482-2380 t | 617-482-3056 f | info@asiancdc.org