The Healey-Driscoll Administration has announced a $158 million investment in low-income housing tax credits and subsidies for more than a dozen affordable housing projects across Massachusetts.
The funds will benefit 14 projects across 12 communities aimed at creating and preserving 1,138 affordable housing units for seniors and families.
According to the governor’s office, the funds come in part from Gov. Maura Healey’s 2023 $1 billion tax relief bill which increased the low-income housing tax credit to $60 million per year, a $20 million boost aimed at helping the state support more affordable housing production.
Healey called high housing costs one of the biggest challenges facing Massachusetts residents and said her administration refuses to “kick the can down the road.”
“We need to increase housing production across the state to lower costs – and these affordable housing awards will help us get there,” said Healey. “Because of our tax cuts package, we’re able to give out more funding than ever before, which will directly support the creation of more than 1,000 affordable homes for seniors and families across our state.”
The projects benefiting from the funds include new senior developments, a “deep energy retrofit” and converting an old mill into housing. Among the projects, 95% of the units will be affordable for seniors and families earning less than 60% of the area median income (AMI), at least 327 units will be deeply affordable and restricted to those earning less than 30% of the AMI.
“Every dollar we’re delivering to developers and communities directly translates into new, affordable homes for residents across our state,” said Lt. Gov. Kim Driscoll.
The 14 projects include:
- The Brian J. Honan Apartments in Allston-Brighton, which will offer 50 rehabilitated and affordable units.
- The Brooke House at Olmsted Village in Boston, which will offer 127 affordable senior units.
- Warren Hall in Boston, which will have 35 units, 33 of which will have affordable rent restrictions and eight restricted for households earning less than 30% AMI.
- Phase 1 of the Campello Redevelopment in Brockton, which when complete will have 144 affordable to low-income units for seniors.
- Blanchard 1 and 2 in Cambridge, which will include 110 affordable units for those at least 55 years old.
- Hamilton’s Asbury Commons will include 45 total affordable units, with 29 units restricted for families earning less than 60% AMI and 16 restricted for families earning less than 30%.
- Harbor Vue in Hyannis will have 120 total units for individuals and families, 70 of which will be affordable to households earning less than 60% AMI, with 16 units further restricted for those earning less than 30%.
- Phase two of Marriner Mill adaptive re-use in Lawrence will offer 76 total affordable units.
- The New Bedford Scattered Sites project will feature 83 units, 73 of which will be affordable for families and/or senior households and 20 further restricted to households earning less than 30% of AMI.
- Cranberry Commons senior housing in Plymouth will offer 62 units, all of which will be affordable for seniors earning less than 60% AMI and 13 further restricted for seniors earning less than 30%.
- El Centro senior housing in Salem will offer 48 units across two buildings. All units will be affordable for seniors earning less than 60% AMI, with eight further restricted for those earning less than 30%.
- The adaptive reuse of Merrick Park Apartments in Springfield, which when complete will have 62 affordable units for households earning less than 60% AMI and at least eight further restricted for those earning less than 30%.’
- Wayland’s St. Ann’s Senior Villagewill have 60 affordable units for seniors earning less than 50% AMI, with 15 further restricted for those earning less than 30%.
- Worcester’s Lakeside Apartments project will offer 116 affordable units for families earning less than 60% AMI and 87 further restricted for households earning less than 30%.