Boston Announces $69.2 Million for Affordable Housing

On February 7, 2020, Boston Mayor Martin Walsh announced $69.2 million in new and recommended funding from the Department of Neighborhood Development, the Neighborhood Housing Trust, and the Community Preservation Fund to create and preserve 1,097 units of housing. The funding will also contribute to affordable housing programming like the Acquisition Opportunity Program and the ONE+Boston program.

The funding will create 936 new units and preserve 161 units of housing, with a majority of them serving households with incomes at or below 60 percent of the Area Median Income. The new units are a combination of home ownership and rental opportunities and include special projects with units set aside for formerly homeless households, youth aging out of the foster care system, seniors, and artists. 

For a list of awardees, click here for the Mayor's press release.