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"We look forward to continuing to work to pass the Affordable Homes Act this year to create much-needed housing across all income levels in the state," Massachusetts Gov.
Maura Healey says.
Healey's administration has announced state funding and tax credits to aid the production and preservation of over 1,900 housing units in 19 communities, involving 26 projects, including several in Western Massachusetts.
The projects include a church conversion in Boston to mixed-use mixed-income housing, a nursing home repurposing in Northampton, and a renovated library in Holyoke, the Republican reports.
According to the National Low-Income Housing Coalition, 31% of renter households in Massachusetts, with a maximum income of $34,300 for a family of four, spend more than half of their income on housing.
The situation contrasts sharply with the income needed to afford a two-bedroom rental at the HUD's Fair Market Rent in Massachusetts, which is $86,613 annually.
"These housing projects are a great example of why we expanded the Low-Income Housing Tax Credit in our tax cuts bill," Healey says.
Massachusetts' Affordable Homes Act proposes a substantial $4.13 billion in spending and 28 policy changes to bolster affordable housing in the state.
An analysis by the University of Massachusetts Donahue Institute forecasts the act to create 30,000 jobs, Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Berkshire Taconic Community Foundation
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Social Entrepreneurship
Spotlight
Social Entrepreneurs to Get Free WiFi Access
iPass, a telecommunications provider, will give free internet access to 100 non-government organizations (NGOs) for a year as they work in dangerous countries to help its poor and underserved populations.
