Massachusetts Invests $90 Million in Affordable Housing

September 29, 2016

With the goal of continuing to expand affordable housing options for Massachusetts families, and making the Commonwealth more prosperous and more inclusive, the Baker-Polito Administration announced an investment of more than $90 million in the development, renovation and preservation of affordable rental housing.

The administration will award funds to twenty-six projects which is expected to create or preserve 1,420 rental units, including 1,334 affordable units, across sixteen Massachusetts communities. These projects will be funded with over $31 million in state and federal low-income housing tax credits, which will generate over $218 million in equity for these projects.

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