Signed into law by Governor Healey, this is the largest investment in housing in Massachusetts history and includes the following bond authorizations:
Public housing
- $2 billion to support the repair, rehabilitation, and modernization of over 43,000 public housing units across Massachusetts, with 25 per cent of the funds dedicated to preserve housing for those with incomes below 30 percent AMI.
- $150 million to decarbonize the public housing stock and $15 million for accessibility upgrades.
- $200 million to support Local Housing Authorities (LHAs) who partner with developers to add mixed-income developments on LHA land, leveraging funds to maintain and preserve public housing while increasing the overall housing supply.
Housing vulnerable populations
- $200 million to support innovative and alternative forms of rental housing, including single person occupancy (SPO) units, transitional and permanent housing for people experiencing homelessness, housing for seniors and veterans, and transitional units for persons recovering from substance use disorder. 25 per cent of funds must be used to fund projects which preserve housing for those with incomes below 30 per cent AMI.
- $70 million to support the development of appropriate community-based housing for Department of Mental Health (DMH) and Department of Developmental Services (DDS) clients
- $60 million to modify homes of individuals or families with disabilities or seniors so that they may maintain residency or return home from institutional settings.
- $55 million to support appropriate housing for people with disabilities who are not DMH or DDS clients.
Housing development
- $800 million for the Affordable Housing Trust Fund which provides resources to create or preserve affordable housing for households earning less than 100 per cent of AMI.
- $200 million to accelerate the development of mixed-income multifamily housing.
- $100 million for the Middle Income Housing Fund which funds housing development for households earning less than 120 per cent of AMI.
- $100 million for the Commonwealth Builder program for the construction of affordable single-family homes for households earning between 70 and 120 per cent of AMI, primarily in Gateway Cities.
HousingWorks
- $425 million to support preservation, new construction, and rehabilitation projects through the Housing Stabilization Fund and the Community Investment and Preservation Fund.
- $275 million to consolidate the existing Transit Oriented Housing Program and the Climate Resilient Housing Program and create a new, innovative program to accelerate and unlock new housing. 25 per cent of the funds must be used to fund projects which preserve housing for those with incomes below 60 per cent of AMI.
- $175 million for municipal infrastructure projects to encourage denser housing development.
- $50 million to provide payments to municipalities that receive a Housing Choice designation through high housing production and/or demonstration of best practices, including a grant program to assist MBTA Communities in complying with the multi-family zoning requirement in the MBTA Communities Law.
- $50 million for grants to municipalities for planning and zoning initiatives that support housing production, workforce training and economic opportunities, childcare and early education initiatives and climate resiliency initiatives.
- $20 million to provide incentive payments to municipalities who adopt smart growth housing districts.