The phys­ical trans­for­ma­tion of Boston may well be the enduring legacy of Menino’s record 20-​​year watch, including the birth of an entirely new neigh­bor­hood in South Boston’s Sea­port Dis­trict, thou­sands of new con­struc­tion jobs, and a pop­u­la­tion that has reached its highest level since the 1970s.

But the BRA may be squan­dering the oppor­tu­nity cre­ated by the his­toric boom to channel res­i­den­tial devel­op­ment to where it is needed most — toward middle-​​income Bosto­nians who have watched the cost of living rise twice as fast as their earn­ings since 2005, according to a recent North­eastern Uni­ver­sity study.

In a city where the average house­hold income is about $49,000, almost 60 per­cent of the housing units approved by the BRA in 2011 were “luxury” prop­er­ties far out of reach to the vast majority of res­i­dents, based on a review of BRA-​​approved projects.

Read the article at The Boston Globe →