FALL RIVER — The Healey-Driscoll Administration today announced $18.6 million in Housing Development Incentive Program tax credit awards to support six housing developments that will create 662 new homes across in six Gateway Cities in Massachusetts. The awards will help transform historic and underutilized properties, strengthen downtowns and expand housing opportunities in Fall River, Lawrence, Lowell, Pittsfield, Taunton and Worcester.
Lieutenant Governor Kim Driscoll announced the awards at Durfee Block Apartments, one of six projects receiving HDIP funding. The project will receive $1.5 million in tax credits to support the adaptive reuse of a historic downtown building in rental homes, highlighting how HDIP helps communities revitalize existing buildings while creating much-needed housing.
“Every community has different housing needs, and we need to give cities the tools that work best for them to build more homes and lower costs,” said Governor Maura Healey. “When we expanded HDIP, we did it because we knew Gateway Cities had strong projects ready to move forward and needed a partner to help get them across the finish line. These awards will create 662 new homes, strengthen downtowns and help make Massachusetts more affordable.”…