Who is a member?
Our members are the local governments of Massachusetts and their elected and appointed leadership.
Gov. Maura Healey and Housing and Livable Communities Secretary Ed Augustus joined local officials and housing developers from across the state in Danvers on June 20 to announce the 2024 Affordable Housing Development Grants.
A total of $227 million in state and federal tax credits and subsidies will support the creation or preservation of 1,874 rental units across Massachusetts, according to the administration.
The projects include 1,731 affordable rental units for residents making less than 60% of area median income, with 480 units set aside for residents making below 30% of the AMI and often experiencing homelessness.
The program is the Executive Office of Housing and Livable Communities’ largest annual grant award that supports the development of affordable rental housing units statewide.
The total investment includes:
• $27.1 million in 4% federal tax credits
• $12.1 million in 9% federal tax credits
• $44.5 million in state tax credits
• $143.4 million in state subsidy funds
In addition to analyzing how these projects met the state’s housing goals, the administration says it carefully evaluated the green, sustainable and climate resilient aspects of every application to ensure that all projects selected for awards will help further the state’s climate objectives.
At the New England Homes for the Deaf in Danvers, the administration showcased the new construction Waterhouse project that will serve the disability community and will receive federal and state low-income housing tax credits and subsidy funds. The project will create 116 units, with 93 affordable, including 17 deeply affordable below 30% of AMI.