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2018 Data Demonstrates Effective State and City Efforts on Affordable Housing Preservation

Massachusetts preserved the long-term affordability of more than 3,750 units in 25 multifamily rental developments during 2018, according to data released by the Community Economic Development Assistance Corporation (CEDAC).   This strong housing preservation performance in 2018 demonstrates the continued impact of the commitment of the Baker-Polito Administration to housing preservation, and the effective interagency coordination between the state’s Department of Housing and Community Development (DHCD) and its sister state agencies MassHousing, Massachusetts Housing Partnership (MHP), MassDevelopment, and CEDAC, along with federal and local officials in Boston and across the state.

In the release, we highlight Boston’s Burbank Gardens, which is a prime example of how the state and cities like Boston work together to preserve affordable housing.  In 2018, Fenway Community Development Corporation was able to finance the long-term preservation of 52 units of affordable housing in a rapidly gentrifying neighborhood with the support of the DHCD, MassHousing, and the City of Boston’s Department of Neighborhood Development along with CEDAC.

Read the full press release.

Categories: CEDAC, Housing

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