Mass. is pouring just over $60 million into 11 housing developments across the state. Here’s what to know.
The effort will create more than 580 rental units, with the majority for low-income households, officials said.
State officials have awarded just over $60 million in funding and tax credits to finance 11 housing developments poised to create hundreds of affordable units across Massachusetts.
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Lawmakers gathered in East Boston Tuesday to unveil the awards, which will help build 587 rental units, of which 443 units will be deemed affordable for “low- and extremely low-income households,” according to the state’s Executive Office of Housing and Economic Development.
“Our administration continues to make substantial commitments to increase the development of new affordable housing in an effort to meet the need we see in every region,” Gov. Charlie Baker said in a statement. “We have invested more than $1 billion in the affordable housing ecosystem, created new programs to encourage development, and filed legislation to update zoning laws to promote equity and opportunity for all residents. Today’s awards will advance the production of hundreds of new rental units for families, seniors, and households transitioning out of homelessness.”
Baker, Lt. Gov. Karyn Polito, and Boston Mayor Marty Walsh were all on hand amid a cohort of local and state officials who praised the allocations. Of the $60.7 million in funding, $44.7 million is for direct subsidy funding, while state and federal low income housing tax credits make up the remaining $16 million, according to a press release.
“Affordable housing is our city’s number one need, and affordable housing is our number one focus,” Walsh said in a statement. “From Bartlett Station in Roxbury, to Bowdoin Street in Dorchester, to the Grace Apartments for seniors in East Boston, these affordable units will improve lives for residents here in Boston.
“We’re grateful for this state partnership that makes more affordable housing possible,” he added. “In Boston, we’re doubling our investment in affordable housing this year, and we’ll continue to work with urgency: our residents need more housing now, and we know we can build a community that is a home for everyone.”
Here are the projects that received funding:
- Mary D. Stone in Auburn
- Bartlett Station Building A in Boston
- Bowdoin Street in Boston
- Grace Apartments in East Boston
- Creative Class Lofts in Fall River
- Essex Street in Lawrence
- Glen Brook Way Apartments in Medway
- Cliftex Phase II in New Bedford
- Golda Meir Expansion in Newton
- Haywood House in Newton
- North Commons at Village Hill in Northampton
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