$278M to 29 projects in 20 communities under 2024 Affordable Homes Act
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Overview
Updated 1 hour agoMassachusetts Gov. Maura Healey announced the state's largest housing funding round in over a decade: $278 million for 29 projects across 20 communities. The awards draw on the 2024 Affordable Homes Act, which expanded state subsidies and tax credits for housing.
If all projects are financed and built, they would add 970 new homes, preserve 1,182 affordable units, and redevelop 310 public housing units. That's a small fraction of the roughly 200,000 homes planners say the state needs by 2030, but it's the first major test of whether the Healey administration's housing push can deliver at scale.
Why it matters
Massachusetts faces a severe housing shortage; this funding round tests whether the 2024 Affordable Homes Act can actually deliver new supply.
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People Involved
Organizations Involved
Massachusetts' lead housing agency, overseeing subsidy financing and tax credit allocation.
Boston-based developer specializing in affordable and mixed-income housing.
Timeline
2023 September 2026
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Massachusetts awards $278M to 29 housing projects
Latest FundingHealey announces largest single housing funding round in over a decade, across 20 communities.
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Lawsuits against 150 Centre St. dismissed
LegalAbutters' legal challenges cleared, allowing project to advance.
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Governor signs Affordable Homes Act
LegislationHealey signs bill authorizing billions in new housing spending and zoning reforms.
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Trinity Financial wins approval for 150 Centre St.
ApprovalBoston developer receives approval for 72-unit project near Shawmut MBTA station.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Massachusetts Chapter 40B (1969-present)
Massachusetts passed Chapter 40B in 1969, allowing affordable housing developers to bypass local zoning when a town has less than 10% affordable housing. It was the first state law of its kind in the nation.
The law enabled construction of affordable housing in suburban communities that had used zoning to exclude it.
Chapter 40B remains controversial but has produced tens of thousands of units and set a precedent for state intervention in local housing decisions.
The Affordable Homes Act, which funds this round, extends that precedent through zoning reforms and the MBTA Communities law requiring housing near transit stations.
Low-Income Housing Tax Credit (1986-present)
Congress created the Low-Income Housing Tax Credit in the 1986 Tax Reform Act, giving developers federal tax credits to build or preserve affordable rental housing. It has become the primary federal financing tool for affordable housing.
States now allocate the credits through competitive processes like the one Massachusetts just completed.
The LIHTC has produced millions of affordable homes nationally since its creation.
This round's $61.8 million in state LIHTC and $61.1 million in federal LIHTC shows the credit mechanism remains central to housing deals 40 years after its creation.
HOPE VI Program (1992-2010)
The U.S. Department of Housing and Urban Development launched HOPE VI in 1992, demolishing distressed public housing projects and rebuilding them as mixed-income communities. It was the first large-scale program to use private finance to redevelop public housing.
The program redeveloped hundreds of public housing sites across the country, including several in Boston.
HOPE VI's mixed results, including displacement of original residents and a net loss of public housing units, shaped later policy debates about housing redevelopment.
Massachusetts is using the same model for its 310 public housing units in this round: rebuilding aging public housing with mixed public-private financing.
