Housing developments across 20 Massachusetts communities have landed hundreds of millions in new state and federal funding to help them move forward.
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Gov. Maura Healey announced the funding on Thursday, awarding $278M to 29 recipients, which marks the largest single round awarded in the state in more than a decade, according to the Executive Office of Housing and Livable Communities.
The funding was awarded to projects planned to create 930 new homes, preserve 1,182 affordable units and redevelop 310 public housing units. Healey said she credits the large funding round to the state's 2024 Affordable Homes Act, which helped increase public support for housing production.
To kick off the funding announcement, Healey and other top state officials traveled across the state to highlight the projects, making stops in Worcester, Erving, Northampton, Newburyport, Needham and Boston.
“We’re on a mission to build more homes and lower housing costs in every part of Massachusetts, and today we’re hitting the road to show that work in action,” Healey said in a statement. “These awards will create more than 2,500 new homes in 20 communities across the state, and it’s made possible by the Affordable Homes Act that I proposed and signed.”
The awards include $155M in subsidy financing from EOHLC, $62M in state low-income housing tax credits, $48M in 4% federal low-income housing tax credits, and $13M in 9% federal LIHTC.
Four Boston projects received funding, including Trinity Financial's 72-unit 150 Centre St. project near the Shawmut MBTA station in Dorchester and the preservation of 331 mixed-income units at Orchard Gardens in Nubian Square.
Funding awards were given to projects in 19 other cities and towns: Athol, Brockton, Brookline, Cambridge, Chelmsford, Chicopee, Erving, Fitchburg, Ipswich, Lexington, Lynn, Needham, Newburyport, Newton, Northampton, Springfield, Swampscott, Watertown and Worcester.
Last week, Healey awarded $15M to five office-to-residential conversions in Boston, Dedham, Springfield, Westford and Worcester. Those funds came through the state's Commercial Conversion Tax Credit Initiative, also created with the Affordable Homes Act.
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