Governor Releases FY2023 Capital Budget

Post date
May 5, 2022
Eric Shupin headshot

Eric Shupin

Director of Public Policy

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