Massachusetts
Updated FY 2019 FMRs for 10 Areas – Effective April 1, 2019
HUD released the updated Fair Market Rents (FMRs) for the FY 2019 Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program for ten areas based on new survey data. The new FMS are effective as of April 15, 2019 and based on surveys conducted by the area public housing agencies and reflect the […]
Boston Announces $26 Million for Affordable Housing
Boston Mayor Marty Walsh announced more than $26 million in new funding for housing from the Department of Neighborhood Development, the Neighborhood Housing Trust and the Community Preservation Fund. The funding will impact a total of 515 units, 459 new housing units will be created and 56 units will be preserved.
Boston Public Housing Community Will Undergo Extensive Renovation
MassHousing has closed on $14 million in financing to Beacon Communities LLC for the rehabilitation and preservation of affordability at the 72-unit Camden Apartments in Boston, MA.
MassHousing provided Beacon Communities with a $5.9 million tax-exempt construction and permanent loan and an $8.1 million tax-exempt bridge loan. The MassHousing financing also generated $6.8 million in Low-Income Housing Tax Credit equity for the project.
Forum on Transformative Development to Focus on HDIP in Opportunity Zones – Feb. 27
MassINC, the Massachusetts Smart Growth Alliance, and LOCUS are hosting a forum on Feb. 27, 2019 focused on stimulating transformative investment in Gateway Cities with the state’s Housing Development Incentive Program (HDIP) and federal Opportunity Zone Funds. The free event will run from 1-2:30 pm ET in the Massachusetts State House – Room 428 (24 […]
Mike Kennealy Sworn in as Massachusetts Secretary of Housing & Economic Development
On December 28, Mike Kennealy was sworn in as the new Secretary of Housing and Economic Development. Kennealy replaces former Secretary Jay Ash, who departed to become CEO of the Massachusetts Competitive Partnership. Kennealy previously served as Assistant Secretary of Housing and Economic Development in the Baker Administration. The Executive Office of Housing and Economic Development […]
MassHousing Honors WinnCompanies and NEI General Contracting for Their Use of Minority and Women-Owned Businesses Across Massachusetts
MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018, which created economic opportunities for hundreds of working families across Massachusetts.
Mass Housing Announces 2019 Winter Rental Round Q & A Session
The Department of Housing and Community Development (DHCD) intends to hold a multifamily rental funding competition in February 2019. Pre-applications for potential projects will be due on November 29, 2018. Sponsors whose projects are approved through the pre-application process will be allowed to submit full OneStop+ applications on February 21, 2019. To help interested sponsors prepare […]
Boston Area Mayors Commit to 185k New Housing Units by 2030
The Metro Mayors Coalition’s Regional Housing Task Force have announced an ambitious new goal to add 185,000 new housing units to the Boston metro region by 2030.
Massachusetts Proposes Income Averaging Policy
The Massachusetts Department of Housing and Community Development has issued the proposed guidance on the new income averaging election for the Low Income Housing Tax Credit program. The Department will hold several information sessions on income averaging over the next month. Given the many uncertainties associated with IA, at this time DHCD will only contemplate […]
CEDAC Report: Burdened Renters in “Central Cities” at Whopping 75%
In all of the 50 largest cities across the country (or the “central cities”), 75 percent of the Extremely Low Income (ELI) population is rent “burdened” and paying more than 30 percent of their income for housing, according to a new report issued by Bill Brauner, Director of Housing & Preservation at the Community Economic Development Assistance Corporation (CEDAC) in Boston.
Massachusetts Schedules Sept. 13 Information Session on Supportive Housing Competition
The Department of Housing and Community Development (DHCD) and the Community Economic Development Assistance Corporation (CEDAC) will host an information session on the newly-announced supportive housing competition on Thursday, September 13. The session will be held in DHCD’s Boston offices at 100 Cambridge Street, 2nd floor conference room C, and will begin at 11am. If […]
Massachusetts Hosts Mini LIHTC Competition in October
Read on for a summary of requirements.