Healey-Driscoll Admin Unveils $4B Affordable Homes Act  

The Healey-Driscoll Administration in Massachusetts has unveiled the Affordable Homes Act, a comprehensive $4 billion initiative aimed at addressing the state’s housing issues. It represents the most substantial proposed housing investment in Massachusetts’ history, designed to tackle the root causes of housing unaffordability while aligning with climate goals. 

The plan encompasses $4 billion in capital spending authorizations, 28 policy changes, three executive orders, and two targeted tax credits. A major focus is on reducing barriers to housing production and preservation, with a strong emphasis on benefiting moderate- and low-income households. 

The Affordable Homes Act aims to create over 65,000 homes statewide, including 22,000 for low-income households and 12,000 for middle-income households. It also supports the modernization of public housing and includes investments in green building and decarbonization. 

The plan introduces new policy initiatives, such as a real estate transaction fee and measures to promote accessory dwelling units, furthering the goal of affordable homeownership opportunities.