On August 15, Governor Baker and State officials announced the award of over $72 million in subsidy funding, as well as state and federal housing tax credits that will generate more than $180 million in subsidized private equity, for the development of affordable rental housing. When completed, these 25 projects http://www.mass.gov/hed/press-releases/administration-awards-72m-to-create-and-preserve-housing.html will create or preserve 1,978 rental units, including 1,698 affordable units, with 402 of these affordable units reserved for very low-income families and families making the transition out of homelessness.
MACDC Members were well represented among the awardees, with 12 receiving awards, resulting in the creation or preservation of 747 rental units, including 631 affordable units:
- Fenway CDC will preserve 52 units, including 39 affordable units, in Burbank Gardens, located in Boston’s Fenway neighborhood.
- Jamaica Plain NDC will newly construct 47 units, including 40 affordable units, in General Heath Square Apartments, located in Boston’s Jamaica Plain neighborhood.
- Lena Park CDC, in partnership with New Boston Fund, will construct 100 units, including 40 affordable units, on the site of the former Boston State Hospital, in Olmstead Green Mixed-Income.
- Codman Square NDC will develop 40 affordable family units in Talbot Commons Phase 1, located in Boston’s Codman Square neighborhood.
- Urban Edge will preserve 99 units, including 89 affordable units, in Wilshire Westminster House in Boston.
- Just-A-Start will preserve 112 affordable units in several properties in Cambridge, including those destroyed by fire, in JAS Consolidation.
- Berkshire Housing Development Corporation will develop 60 affordable units in Great Barrington, through a combination of rehabilitation and new construction, in Bostwick Gardens.
- Coalition for a Better Acre will construct 44 affordable units in The Gerson Building, located in Haverhill.
- NewVue Communities will develop Carter School, an historic rehabilitation project in Leominster consisting of 39 affordable units.
- North Shore CDC will preserve 27 single-room-occupancy units, including 26 affordable units, in Harbor and Lafayette Homes, located in Salem.
- Home City Housing will preserve 104 units in Springfield, including 79 affordable units, in Chestnut Crossing.
- Domus, Inc. will develop Moseley Apartments, an historic rehab, with 23 affordable units, located in Westfield.
The strong showing by CDCs reflects the growing strength of the CDC sector in Massachusetts due in part to the Community Investment Tax Credit program, the Mel King Institute for Community Building and other capacity building efforts undertaken in recent years. MACDC will continue to steward these programs while also advocating for for more housing resources that will enable CDCs and others to expand the production and preservation of affordable housing in the Commonwealth .