CDC Projects Receive First Community-Scale Housing Awards
Three awards were made, all to MACDC Members. Each municipality contributed Community Preservation Act funds, and some communities pledged other funds as well. Awards were made to the following developments:
• The Housing Corporation of Arlington received $320,000 in CSHI funding for 20 Westminster, Arlington, which will provide 9 units of affordable housing and resident services. Some units will offer a preference to homeless veterans.
• Metro West Collaborative Development was awarded $1 million in CSHI funding, along with other State funds, for the development of 40 River Street in Norwell. The project will include 18 units, affordable to households across a range of incomes.
• Scotts Grove in West Tisbury, sponsored by Island Housing Trust, received $900,000 in CSHI funds. The project will consist of 9 affordable units.
CSHI is a joint pilot initiative of the MA Department of Housing and Community Development (DHCD) and MassHousing. The agencies made $10 million available for CSHI, and have indicated that they plan to open a new award round by the spring of 2018.
MACDC long advocated for a separate funding round for community-scale projects (rental projects between 5 and 20 units that cannot utilize low income housing tax credits). The launch of CSHI in March, and the awards in August, are significant milestones in our efforts to advocate for funding for these smaller projects to complement the larger tax credit projects, and thereby see affordable housing built in more communities statewide.
Our hope is that future funding rounds will result in more quality projects being funded, as MACDC Members and others have more time to develop a pipeline of these community-scale projects. We are grateful to DHCD and MassHousing for launching this initiative.