The Healey-Driscoll Administration announced $18.6 million in Housing Development Incentive Program (HDIP) tax credit awards to support six housing developments in Gateway Cities in Massachusetts that will produce 662 new homes. 

Lieutenant Governor Kim Driscoll announced the awards at one of the projects receiving HDIP funding, Durfee Block Apartments. 

The awards will help repurpose historic and underutilized properties to expand housing opportunities and strengthen downtown centers in Fall River, Lawrence, Lowell, Pittsfield, Taunton and Worcester. 

“Knowing that we are in the midst of a housing shortage and Bay Staters are facing high costs of living, our intention with the Housing Development Incentive Program was to offer developers tax credits that will stimulate production and boost our housing supply across the Commonwealth,” said Senator Michael J. Rodrigues. “Fall River is a city home to countless historic buildings and infrastructure that is conducive to adaptive reuse. I am incredibly happy to see the diligent work of Monte Ferris Jr., who has taken advantage of this great program to repurpose another historic building and create rental housing units at a time when it is needed most.” 

The new awards include: 

• Durfee Block Apartments, Fall River: $1.5 million to Monte Ferris Jr. to update a historic building in downtown Fall River into 22 rental homes.  
• 216 Canal St., Lawrence: $2.5 million to 216 Canal LLC to transform a mill building in Lawrence’s canal district into 99 rental homes.  
• Franco American School Phase III, Lowell: $3.2 million to TMI Property Management for the construction of 80 rental homes and commercial space.  
• 24-34 North Park Square Residences, Pittsfield: $4 million to Allegrone Companies to convert a historic office building in Park Square into 23 rental homes with street-level retail and a commercial kitchen.
• Whittenton Mill Apartments, Taunton: $3.8 million to Greystar to demolish a former mill and construct 390 rental homes.  
• Clark Block Rehabilitation, Worcester: $3.6 million to Menkiti Group to remodel a historic building in downtown Worcester into 48 rental homes and five homes.  

Since Governor Healey signed the tax relief package in October 2023, authorizing the annual HDIP increased from $10 million to $30 million and giving a $57 million increase to advance housing production in Gateway Cities, the Healey-Driscoll Administration has awarded HDIP tax credits to 52 projects supporting 3,404 new homes in 16 cities.