Four Central Mass. communities share rental unit funding
Photo | Grant Welker
Fitchburg homeowners are expected to pay more in real estate taxes with a single tax rate.
About $80 million in government funding and $40 million in tax credits will preserve and produce nearly 1,600 housing rental units in Massachusetts, under a round of awards announced Thursday by Gov. Charlie Baker.
Fitchburg, Lunenburg, Southbridge and Worcester are among the recipients.
The administration said the 1,581 rental units benefiting from funding and tax credits include 1,349 affordable units, with 273 of those units reserved for extremely low-income households.
Benefits will flow to three transit-oriented projects, five project for seniors and two public housing rehabilitation projects, the administration said.
State government has many programs designed to produce housing, including affordable units, but the state's low inventory of overall available housing has fueled rising prices and calls for the Legislature to pass a housing production bill.
Other communities where rental housing awards are headed include Beverly, Boston, Everett, Falmouth, Gloucester, Hanson, Lawrence, Lowell, Methuen, Peabody, Sandwich, Scituate, Taunton, Williamstown and Yarmouth.
State officials said funding and tax credit awards for each project are not currently available.
WBJ Web Partners
Most Recent
Most Recent
0 Comments