Baker-Polito Administration Announces $139 Million in Funding to Produce and Preserve 1,346 Units of Affordable Housing

In INSITES this week, we recap Governor Baker’s July 15th announcement of $139 million in new funding awards for 28 affordable housing projects across the Commonwealth. Through DHCD, the Baker-Polito Administration awarded $93.3 million in direct subsidy funding and $45.8 million in federal and state housing tax credits. The awarded projects will result in 1,346 new units of affordable housing for low- and extremely low-income (ELI) households. In its role as a predevelopment lender, CEDAC has committed a total of $13,711,548 in early stage financing to nine of 28 awarded projects. Read INSITES