State Funds Workforce Housing and Narrowing the Racial Homeownership Gap

On July 9, Governor Baker, joined by Undersecretary for Housing and Community Development Janelle Chan, and MassHousing Executive Director Chrystal Kornegay, announced $86 million in new funding to expand the Administration's Workforce Housing Initiative, including $60 million to support homeownership and help to narrow the racial homeownership gap. About 500 new workforce homes, i.e. affordable housing that would be in close proximity to the workplace, for moderate-income, first-time homebuyers will be created, along with an additional 260 new workforce rental units.