On June 30, the Healey-Driscoll Administration released its Capital Investment Plan (CIP) for the next five years, outlining capital investments in a range of state policy areas. In a departure from recent practice, this CIP proposes specific bond allocations for both FY2026 and FY2027. In each year, the overall bond cap is expected to grow by $110 million. Of the 12 policy areas for capital investments, housing will receive one of the largest increases in allocations – growing by $44 million in FY2026 and $49 million in FY2027.
These significant increases in bond allocations reflect both the Healey-Driscoll Administration’s prioritization of housing as a top area of focus and the historic increase in bond authorization through the Affordable Homes Act, which was signed into law last summer.
CHAPA has prepared a comparison of bond authorizations by program in FY2025, FY2026, and FY2027.