The Massachusetts Department of Housing and Community Development (DHCD) has added $2.9 million to the HOME Program, which it received through HOME loan payments. As with the prior collection of HOME Program Income, DHCD intends to make this additional HOME Program Income available for commitment to the new HOME rental development projects. The need for affordable rental housing units has only intensified during the pandemic. This additional HOME Program Income will leverage at least 30 additional HOME-assisted rental development units.
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