Massachusetts Legislature Passes Largest Investment in Housing in State History
$5.16B housing bond bill adds resources for new units, makes sweeping policy changes to simplify and incentivize development (BOSTON) – The Massachusetts Legislature has passed the Affordable Homes Act, the largest housing investment in Massachusetts history and a powerful first step in tackling the state’s housing affordability crisis. The legislation authorizes $5.16 billion in bond authorizations and tax credits to spur housing production in Massachusetts, while implementing sweeping policy initiatives to facilitate the development and preservation of affordable housing in Massachusetts. “This bill is a significant investment in the future of our local communities,” said Representative Joan Meschino (D-Hull). “On Tuesday, Governor Healey signed the Housing Bond Bill which included, among other key elements, a flexible supportive housing pool fund which I have championed. This will help support affordable housing organizations that make our communities stronger and more livable. I will continue to support the creation and preservation of affordable housing . . . Read More