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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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