On May 5, the Baker-Polito Administration released its FY2023 Capital Investment Plan, which includes resources for affordable housing and community development programs. The FY2023 budget includes a slight increase in overall capital funding for affordable housing and community development programs compared with last year.
Capital funding for affordable housing, largely distributed through the Department of Housing and Community Development (DHCD), produces and preserves housing for extremely low-, low-, and middle-income residents, including housing for seniors, persons with disabilities, and families and individuals experiencing homelessness. These resources support public housing authorities, affordable housing in smart growth locations, and first-time home buyers.
According to the Governor’s press release, highlights for affordable housing include:
- $151 million for the production and preservation of affordable housing
- $110 million to support state-aided public housing portfolio
The Massachusetts capital budget is supported mainly through borrowing — as compared to the state operating budget which is funding through revenue collection.
For a description of the affordable housing capital programs, please read pages 27–31 of the FY2022 Capital Investment Plan Report.
Table of Affordable Housing and Community Development Programs in FY2023 Capital Budget
|
Program |
FY23 Total Capital Budget |
FY22 Total Capital Budget |
| Affordability Preservation (Capital Improvement & Preservation Fund) | $ 5,000,000 | $ 5,000,000 |
| Affordable Housing Trust Fund (AHTF) | $ 35,000,000 | $ 35,000,000 |
| Brownfields Redevelopment Fund | $ 2,500,000 | $ 2,500,000 |
| Climate Resilient Affordable Housing | $ 1,700,000 | $ 1,700,000 |
| Community Based Housing | $ 5,000,000 | $ 5,000,000 |
| Community Scale Housing | $ – | $ 4,000,000 |
| Facilities Consolidation Fund | $ 11,600,000 | $ 11,600,000 |
| Gateway Cities Housing Rehabilitation | $ 2,500,000 | $ 1,300,000 |
| Home Modification Loan Program | $ 3,801,159 | $ 3,801,159 |
| Housing Choice Grants | $ 4,000,000 | $ 5,000,000 |
| Housing Innovations Funds | $ 14,938,194 | $ 12,438,194 |
| Housing Stabilization Fund | $ 32,675,000 | $ 21,175,000 |
| Mixed Income Community Development | $ 8,000,000 | $ 8,000,000 |
| Mixed Income Housing Demonstration (Public Housing Demonstration) | $ 8,500,000 | $ 8,500,000 |
| Neighborhood Stabilization | $ 6,538,841 | $ 6,538,841 |
| Public Housing – AHTF | $ 5,000,000 | $ 5,000,000 |
| Public Housing – General | $ 90,000,000 | $ 90,000,000 |
| Public Housing – New Accessible Units | $ 1,000,000 | $ 1,000,000 |
| Public Housing – Sustainability & Resiliency | $ 5,000,000 | $ 5,000,000 |
| Smart Growth – 4oR Trust Fund | $ 3,000,000 | $ 2,000,000 |
| Supportive Housing | $ – | $ 10,000,000 |
| Transit Oriented Housing | $ 10,000,000 | $ 10,000,000 |
|
TOTAL |
$ 255,753,194 | $ 254,553,194 |