Massachusetts officials say $67 million targeted for affordable housing
Massachusetts officials said Thursday that $67 million in state and federal funding and tax credits has been designated to build and preserve 23 affordable-housing developments in 21 communities.
In making the announcement, Greg Bialecki, state secretary of Housing and Economic Development, said the money will create 1,326 housing units and 1, 710 construction jobs in cities and towns such as Boston, Cambridge, Watertown and Revere.
Lieutenant Gov. Timothy Murray said the funding reinforces the Patrick administration’s commitment to “providing more affordable housing options for low-income families.”
“This latest round of resources and tax credit will increase our housing infrastructure and lead to improved community development in regions across the state,” Murray said.
The state allots subsidized housing money once or twice a year after evaluating applications submitted by developers. This current round of funding includes $48.2 million in state and federal housing subsidies, and about $18.7 million worth of federal and state low-income housing tax credits.
Projects that will benefit include 37 new units of affordable family housing in Jackson Square in Jamaica Plain, 39 units of affordable housing for senior citizens in Roxbury, and 33 housing units that will be built in a former school building in Dorchester. The Dorchester project is tailored for families who are homeless or at risk of being homeless
The funding plan follows Governor Deval Patrick’s pledge last year to create 10,000 multi-family housing units in Massachusetts annually over the next 10 years.
“Creating affordable housing helps to generate jobs, grow local businesses and strengthen our communities,” Patrick said.Jenifer B. McKim can be reached at email@example.com. Follow her on twitter @jbmckim.