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With the goal of continuing to expand affordable housing options for Massachusetts families, and making the Commonwealth more prosperous and more inclusive, the Baker-Polito Administration announced on Monday an investment of more than $90 million in the development, renovation and preservation of affordable rental housing across the Commonwealth.

“We’re building more inclusive communities, providing pathways to better economic and social opportunities for working families, individuals and our most vulnerable to reach stability and end cycles of generational poverty and homelessness,” said Governor Charlie Baker during the announcement event at 48 Boylston Street in Boston attended by Housing and Economic Development Secretary Jay Ash, Health and Human Services Secretary Marylou Sudders, and Undersecretary of Housing and Community Development (DHCD) Chrystal Kornegay.

The twenty-six projects awarded will create or preserve 1,420 rental units, including 1,334 affordable units, across sixteen Massachusetts communities. DHCD is awarding over $31 million in state and federal low-income housing tax credits, which will generate over $218 million in equity for these projects. Additionally, the administration is awarding over $59 million in housing subsidy funds, including federal HOME funds and state capital funds, across the 26 projects.

“This administration under Governor Baker knows that housing alone won’t end homelessness,” said HHS Secretary Sudders. “Housing offers stability and security. Services and supports offers sustainability. It is housing and support together that provide hope for every individual and truly to create inclusive communities.

The building on Boylston Street is a historic rehabilitation project—and one of the projects supported by the awards—for formerly homeless residents sponsored by St. Francis House and the Archdiocese of Boston’s Planning Office for Urban Affairs. The residents of 48 Boylston St. will be connected with the services provided across the street by St. Francis House — including mental health counseling, drug and alcohol addiction counseling and help finding work.

“It doesn’t just end with providing housing,” Karen LaFrazia, executive director of St. Francis House, said. “But to ensure that people not only have a place to live but that they can thrive in their new homes, we understand that it takes partnerships and it takes service. This project is a great example of both.”

The 2016 affordable rental housing award round reflects the Baker-Polito Administration’s ongoing commitment to substantially invest in housing across the Commonwealth. In May, the Administration unveiled a 5-year capital budget plan that includes a $1.1 billion commitment to increasing housing production, an 18 percent funding increase for mixed-income housing production, and affordable housing preservation. Also in May, the Administration and MassHousing committed $100 million, to support the construction of 1,000 new workforce housing units. Since 2015, the Baker-Polito Administration has provided funding to create and preserve 2,856 units of affordable housing, including 874 deeply affordable units for at-risk populations.

Content from the State House News Service was used in this post. 

 

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