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$61M Awarded on Affordable Projects Across Mass.

State and local officials have announced affordable housing awards for 11 projects across the Commonwealth of Massachusetts, mainly in and around Boston. Announced at the site of the future Grace Apartments in East Boston, the awards will advance the development of 587 new rental units, including 443 rental units affordable for low-and extremely low-income households.

The Department of Housing and Community Development (DHCD) awarded $44.7 million in direct subsidy funding and allocated $16 million in state and federal Low Income Housing Tax Credits (LIHTC). Additionally, DHCD has reserved 37 Massachusetts Rental Voucher Program project-based vouchers (PBVs) and 68 Housing Choice Section 8 PBVs to support long-term affordability.

“Affordable housing is our city’s number one need, and affordable housing is our number one focus,” said Boston Mayor Martin J. Walsh. The city is contributing $1.7 million in local funding to the construction of Grace Apartments.

Pictured: State and local officials announce the DHCD awards.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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