State Dollars Prime the Pump for Housing
HDIP tax credits have financed over 2,700 new homes since 2023, alone. So why do some progressives and free-market conservatives alike have a beef with them?
Latest HDIP Grants Awarded to Projects from Lowell to Hyannis
A one-time infusion of $57 million approved by the state Legislature enabled the Housing Developmentment Incentive Program to offer three rounds of grants in 2025.
Residential Village Expands at Suffolk Downs with Portico Project
Construction of the second building is under way at the largest approved development site in Greater Boston, expanding the residential side of the Suffolk Downs property in Revere.
A Call for New Housing in New Bedford
Joshua Amaral is steeped in efforts to make New Bedford better. Now, he’s leading the city’s drive to recruit more housing, including market-rate development.
Suffolk Downs’ Next Building Buoyed with HDIP Money
The long-awaited second building in HYM Investment Group’s massive Suffolk Downs development just notched another piece of its capital stack with state help.
$57M HDIP Bump to Help Build 1.5K Units, Healey Says
With a final round of grant awards announced in Fitchburg yesterday, we now know how much the big million boost in tax credits for Gateway Cities developments passed by the Legislature 18 months a go will do.
Healey: HDIP Expansion Grew Gateway Cities Housing Pipeline by 600 Percent
Gov. Maura Healey took time out of her speech to the Greater Boston Chamber of Commerce Wednesday to tout her administration’s recent housing wins.
Gateway Cities Win with Governor’s Housing Strategy
With an assist from the Healey-Driscoll administration, Gateway Cities can pave the way for a new future – one where housing helps drive economic success.
Progressives Blinded by Their Own Purity Test on Housing
Yes, we can solve the housing crisis, they say, but only if we stick with the morally pure solution – affordable housing.
House Backs Big HDIP Expansion
The House came around on the idea of expanding a tax credit program designed to encourage much-needed housing production, just not in the legislative vehicle that Gov. Maura Healey and the Senate originally envisioned.
Expanding HDIP Funding Offers Many Worthwhile Benefits
It’s a policy that can help downtowns be busier and healthier, assist cities with revenue and reduce the concentration of poverty by increasing their overall supply of housing.
Estate Tax, Various Credits Anchor $590M Senate Tax Cut Plan
Senate Democrats appear not to be pursuing a cut to the state’s short-term capital gains tax rate, a House- and Gov. Maura Healey-backed tax relief measure popular with businesses that has earned the scorn of progressives.
Driscoll: Housing Projects Could Start Now If Credits Were Available
Supporters of a housing development tax incentive have plenty of ideas to improve how and where it’s applied, but as lawmakers from post-industrial cities prepare to try again to make the program permanent and triple its annual cap, a think tank consultant cautioned them to “speak with one voice.”
HDIP Foes Do Battle with Healey Admin on Beacon Hill
As Gov. Maura Healey and Lt. Gov. Kim Driscoll continue to make their case for expanding the Housing Development Incentive Program, the tax credit faces growing scrutiny over whether it does enough to help the neediest Bay Staters.
Healey to Offer $859M in Tax Relief, HDIP Boost in Budget
Attempting to restart a debate that skidded out last summer, the Healey administration on Monday rolled out an $859 million tax relief proposal that would offer new breaks to hundreds of thousands of Bay Staters while reforming the estate tax and the levy on short-term capital gains.
Modest Investments Can Jump-Start Housing
If Gov. Maura Healey wants to make the most of landmark zoning reforms and the grand project to transform the MBTA commuter rail system, an infusion of HDIP housing production funds is needed.
Three Ideas to Boost Gateway Cities’ Housing Production
Myopically focusing on restrictive suburban zoning distracts from an equally pressing problem – the lack of residential investment in Gateway Cities over the last 10 years thanks to inflexible zoning and uncertainty about availability of state incentives.
How HDIP Helped Save a Salem Condo Project
The BRIX project itself became endangered when the construction team found during the demolition process more site contamination than expected, and later discovered that several hundred feet of stormwater pipe were clogged with concrete.
Brockton Multifamily Boom Continues Through COVID
Local officials and developers are certain the city’s mix of lower land prices and close transit connection to downtown Boston will continue to accelerate growth downtown.
Tax Benefits for Gateway Cities Projects Abound
Real estate investors should pay special attention to downtown areas of Brockton, Fitchburg, Lowell, Lynn and Worcester, where overlapping HD zones and Opportunity Zones are within walking distance of commuter rail stations.
