Quincy’s Planning Board has taken a significant step towards enhancing affordable housing in the city by approving a site plan for a new multifamily residential building at 38 Old Colony Avenue. The project, proposed by Wallison Assets, LLC, will replace existing residential structures with a modern 27-unit affordable housing complex, complete with structured and exterior parking for 18 vehicles.

During the March 19, 2025, meeting, attorney Edward Fleming presented the project, emphasizing the local roots of the developers, David Lee and Cindy Xu, who are committed to investing in their hometown. The proposed site spans approximately 11,303 square feet and is situated within a Business C zoning district, which is part of the Wollaston Revitalization District aimed at boosting local development.

Fleming highlighted the developers' previous successes in the area, including the construction of duplex homes that have been well-received by the community. The board also discussed the importance of this project in addressing the growing need for affordable housing in Quincy, a concern echoed by many residents.

In addition to the Old Colony Avenue project, the developers are also working on another residential proposal near the shipyard, further demonstrating their commitment to revitalizing Quincy’s neighborhoods.

The Planning Board's approval marks a crucial step in advancing these developments, which are expected to provide much-needed housing options for residents and contribute to the overall revitalization of the Wollaston area. As the project moves forward, community members can look forward to the positive impact these new homes will bring to the local economy and housing landscape.