On July 25, Governor Baker announced the award of $57 million in subsidy funding as well as state and federal housing tax credits that will generate more than $240 million in subsidized private equity. When completed, these 19 projects will create or preserve 1,463 units, including 1,312 affordable units, with 227 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 463 units, including 430 affordable units:
- Jamaica Plain NDC will build 44 new affordable units at 25 Amory Street near the Jackson Square MBTA Station in Jamaica Plain;
- Codman Square NDC’s Four Corners project will provide 31 newly-constructed affordable units of transit-oriented development in Dorchester;
- NeighborWorks Southern Mass will construct 48 units of family housing, including 30 affordable units and 18 units for families with incomes up to 110% of area median income, at its transit-oriented Downtown Brockton project;
- A 62-unit senior project, including 57 affordable units, will be constructed by Jewish Community Housing for the Elderly at 370 Harvard Street in Brookline;
- Just-a-Start will combine preservation of existing affordable units along with newly constructed units, at in Cambridge, and thereby provide 88 units, 78 of them affordable.
- The Women’s Institute for Housing and Economic Development will construct 58 units of affordable senior housing at Shirley Commons on the Fort Devens site;
- Bentley Apartments in Great Barrington, developed by CDC of South Berkshire, will provide 45 newly constructed affordable units for families;
- Valley CDC will blend preservation and construction at the Sergeant House Expansion in Northampton, and provide 31 affordable units, along with supportive services for residents who need them;
- B’nai B’rith Housing will construct 56 affordable units for seniors at Coolidge at Sudbury.
These projects will meet critical housing needs in communities across the Commonwealth. MACDC will continue to advocate for other policies that support providing a wide range of affordable housing opportunities to families in the Commonwealth.