According to 2006-2010 American Community Survey estimates, the average household income in the GFC neighborhood is $46,864, only 63 percent of the citywide average. In addition, in 2008, Dorchester had the highest foreclosure rate in the city and the fourth highest rate statewide. Foreclosures in Dorchester also happened to be highly concentrated in the Greater Four Corners area in particular, where the foreclosure rate was 3.6 times that of Boston as a whole in both 2012 and 2013.
In addition, the Greater Four Corners neighborhood is situated along the Fairmount Corridor, which has seen exciting new improvements to the transportation access of current residents and has infused public resources into the area. With those improvements also come gentrification pressures as well. As the economy and housing market has begun to rebound in other parts of the city, rapidly rising rents and housing costs make the threat of displacement after foreclosure even more daunting for the families that COHIF serves. We believe that our work in Greater Four Corners is the key to stabilizing at-risk families, improving resident and neighborhood stability, and ensuring responsible stewardship of community assets. By focusing in a single neighborhood, COHIF is hoping to address a critical mass of properties that can be more easily managed and will make a visible social and physical impact on a neighborhood. This pilot project will produce a roadmap for other communities in Boston and around the state to use, and eventually develop a replicable model.