Governor Baker Announces Affordable Housing Development Awards - September 16, 2015

Yesterday, Governor Charlie Baker and Undersecretary of Housing and Community Development Chrystal Kornegay announced awards for the 2015 competition to fund affordable rental housing development, renovation, and preservation in the Commonwealth.

The total funded projects represent 1,484 total housing units, including 1,119 affordable units, located in every region across the Commonwealth. The Administration is awarding $29,202,652 in federal and state tax credits, which will generate approximately $182 million in equity to the recommended projects.  In addition, the Administration is awarding $45.8 million in subsidy funds to support these projects.

Click here for the full press release and a list of funded projects.