Acquisition Opportunity Program (AOP)

The Acquisition Opportunity Program (AOP) is administered by the City of Boston's Mayor's Office of Housing and enables developers to pre-qualify for acquisition funding of up to $100,000 per unit to compete in risking cost markets to preserve rental housing affordability. Pre-qualification requires demonstrated organizational experience, financial capacity, and long-term property management capability.

Participating property owners must maintain tenant tenancies in good standing, preserve affordable rents for a minimum of 50 years, with a set aside of 50% of units are at 60% AMI and 50% are at 80% AMI, and ensure no tenant in good standing is displaced. The program applies to investor-owned rental properties that are fully or partially occupied.