Massachusetts Governor Maura Healey announced funding from two programs to jumpstart housing production across the state. Approximately $8.4 million from the new Commercial Conversion Tax Credit Initiative (CCTCI) to help communities transform empty or rundown commercial buildings into new homes and $139.5 million in low-income housing tax credits and subsidies through the Affordable Housing Development grant program.
Together, these projects represent 1,008 new homes, including 903 affordable homes and 284 homes for extremely low-income households, including individuals and families transitioning from homelessness. Across the 15 developments, Executive Office of Housing and Livable Communities (HLC) awards include:
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- $25.7 million in federal 4 percent and 9 percent…