On August 15, Governor Baker and State officials announced the award of over $59 million in subsidy funding as well as state and federal housing tax credits that will generate more than $210 million in subsidized private equity. When completed, these 26 projects will create or preserve 1,420 units, including 1,334 affordable units, with 267 of these affordable units reserved for households earning less than 30% of area median income.
MACDC Members were well represented among the awardees, with 9 receiving awards, resulting in the creation or preservation of 334 affordable units:
- East Boston CDC will create 32 affordable newly constructed units in East Boston at Paris Village.
- Harborlight Community Partners will rehabilitate 26 affordable units for formerly homeless individuals in Salem at Boston Street Crossing.
- Hilltown CDC will newly construct Goshen Senior Housing, 10 affordable units in Goshen’s town center.
- Home City Housing will rehabilitate 61 affordable units at E. Henry Twiggs Phase II, a scattered-site preservation project in Springfield.
- Housing Assistance Corporation (in collaboration with Preservation of Affordable Housing) will construct Canal Bluffs Phase III in Bourne, creating 44 units of townhouse-style affordable housing.
- Jewish Community Housing for the Elderly will develop 61 affordable senior housing units at 132 Chestnut Hill Avenue in Brighton.
- Oak Hill CDC will rehabilitate and preserve 24 affordable units as part of the Union Hill Rental Housing Initiative II in Worcester.
- Southwest Boston CDC will develop 27 affordable units at The Residences at Fairmount Station, a new transit-oriented housing project in Hyde Park.
- Urban Edge will construct Walker Park Apartments in Roxbury, creating 49 affordable units.
While the projects funded will meet critical housing needs in communities across the Commonwealth, another 37 projects for which sponsors submitted applications were not awarded funding in this rental round, largely due to a lack of available funding. MACDC will continue to advocate for more resources that will enable the Commonwealth to award funding to more projects in future rounds. Furthermore, as only 2 of the 26 projects were community-scale projects (projects of fewer than 20 units), the need for a community-scale housing program, targeted to these smaller projects, is evident. DHCD has indicated its intention to hold such a round in early calendar year 2017. MACDC and its Members eagerly await the launch of this community-scale housing program.