A $100 million MassHousing fund will go toward the creation of workforce housing, according to a statement from Gov. Charlie Baker.

The fund will also increase rental opportunities for households earning 61 percent to 120 percent of the area median income (AMI) who may have incomes too high for subsidized housing but are priced out of affordable market rents as housing costs in Massachusetts continue to rise. It provides up to $100,000 of subsidy per workforce housing unit to create 1,000 new units statewide. The fund also ensures the units will be deed-restricted, affordable to households with incomes between 61 percent and 120 percent AMI for an extended period of time.

“Making more affordable housing options available to working Massachusetts families deterred by rising rent expenses is essential to economic growth and development in communities throughout the commonwealth,” Baker said in a statement. “These working middle-income families are the foundation of our economy and talented workforce, and the creation of this $100 million fund by MassHousing will advance opportunities for them to thrive and prosper.”