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Affordable Housing Projects Secure Critical Aid

BOSTON—The Department of Housing and Community Development is awarding more than $31 million in state and federal low-income housing tax credits. Those credits are projected to generate more than $218 million in equity for the projects.

By John Jordan | johnjordan | Updated on August 17, 2016

Massachusetts Gov. Charlie Baker Massachusetts Gov. Charlie Baker

BOSTON—Massachusetts Gov. Charlie Baker reports that 26 housing projects across Massachusetts will receive $90 million in subsidies and low income tax credits.

The funds will help finance development, renovation or preservation projects at the affordable housing communities. The funding will create or preserve 1,420 rental units, including 1,334 affordable units, across 16 communities. The Department of Housing and Community Development is awarding more than $31 million in state and federal low-income housing tax credits. Those credits are projected to generate more than $218 million in equity for the projects.

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