The Baker-Polito Administration announced awards to fund the development, renovation and preservation of affordable rental housing across Massachusetts including POAH's Canal Bluffs Phase III, the final phase of a new construction project located on a 17‑acre site off Route 28 in Bourne, on scenic Cape Cod.. This phase of Canal Bluffs will offer 44 units of townhouse-style affordable housing, with 7 units affordable to households earning less than 30 percent of AMI.
According to the Governor's press release: “These affordable housing awards reflect our administration’s commitment to a stronger, more prosperous, and more inclusive Commonwealth,” said Governor Charlie Baker. “By increasing affordable housing production, and stabilizing working families, low-income senior citizens and homeless families or those at risk, these housing awards will strengthen communities across Massachusetts.”
The 26 projects awarded will create or preserve 1,420 rental units, including 1,334 affordable units, across 16 Massachusetts communities. The Department of Housing and Community Development is awarding over $31 million in state and federal low-income housing tax credits, which will generate over $218 million in equity for these projects. Additionally, the administration is awarding over $59 million in housing subsidy funds, including federal HOME funds and state capital funds, across the 26 projects.
Projects will serve a wide variety of constituents, including individuals and families transitioning out of homelessness, persons with disabilities, and the elderly. Four projects are focused on senior housing, five will provide supportive services to residents and all 26 will include deeply affordable units. Reflecting the Baker-Polito Administration’s commitment to creating more housing units for homeless residents, the administration prioritized applications that included a 10 percent allotment for individuals and families who are, or are at risk of becoming, homeless.