Affordable housing projects in Westford and Fitchburg are among 15 projects across Massachusetts that share $63 million in state funding announced Thursday.
The Department of Housing and Community Development awards will result in the creation or preservation of 697 rental units, including 479 for low-income households and another 150 for those with very low incomes or households transitioning from homelessness. Of these, 68 are located in a development in Fitchburg and 18 in Westford.
“With this round of affordable housing awards, we continue to expand the Commonwealth’s portfolio of new housing to meet the needs of households at all income levels,” Governor Charlie Baker said. “As we continue to address the state’s housing crisis, these projects will result in significant progress toward our goal of improving access to safe, quality, and affordable housing across Massachusetts.”
The DHCD has also provided federal and state low-income housing tax credits, which are expected to generate more than $200 million in equity to support the construction of new housing and the rehabilitation of existing housing.
“These projects are the result of key partners working together to produce needed new housing in Massachusetts and I am thrilled that we can provide significant financial support to bring these new units to fruition,” said the Secretary of Housing and Economic Development. , Mike Kenneyaly. “Affordable housing development is truly a team sport, and the cooperation and dedication to bring these projects to fruition is an incredible testament to Massachusetts’ strong affordable housing ecosystem.”
In Fitchburg, nonprofit sponsor NewVue Communities is developing the Fitchburg Arts Community, a landmark adaptive reuse project. The development receives federal and state housing tax credits and grant funds from DHCD as well as city funding. The project will include 47 affordable housing units for households earning less than 60% of the region’s median income and 14 units reserved for households earning less than 30% of the region’s median income.
In Westford, Stratford Capital Group and Chelmsford-based non-profit Choice are teaming up to create Helena Crocker Residences, which will provide housing for older people earning less than 60% of the area’s median income. Sixteen of the units will additionally be reserved for those earning less than 30% of the region’s median income. The project is also supported by funding from the city.
“We are extremely proud to invest in projects that will invite new residents into communities, improve neighborhoods and ensure current residents have access to stable and affordable housing,” said the Under Secretary for Housing and Development. community, Jennifer Maddox. “Here in Massachusetts, we have a strong network of affordable housing developers, funders and advocates who have helped us bring thousands of new affordable homes to market over the past five years, and we look forward to to continue this work.”