Massachusetts Awards $330M to Spur Housing, Economic Development Projects

Massachusetts Gov. Maura Healey announced $330 million for 403 local economic development and housing projects in 207 communities across the commonwealth through the Community One Stop for Growth. The awards will support more than 27,000 new homes, more than 13,000 permanent jobs, and more than seven million square feet of new commercial development, while helping unlock an estimated $24.6 billion in private investment. This is the largest amount of One Stop funding issued in a single round in the history of the program.

“We’re investing in communities across Massachusetts to create the housing, jobs and economic growth our state needs,” said Healey. “These awards will turn underused properties into new homes and businesses, strengthen downtowns, create good jobs and unlock billions of dollars in private investment. That means more opportunity for families, workers and businesses in every part of our state.”

Of the projects receiving awards, 36% are in a rural community, 24% in Gateway Cities, 37% in Housing Choice Communities, and 50% are in MBTA Communities. Thirteen communities are receiving a grant through the One Stop for the first time.