Proposed Federal CRA Changes Would Harm Affordable Housing Production
A new proposal from federal bank regulators would undermine Congress’ big expansion of low-income housing tax credits. This shouldn’t stand.
Related Beal Begins Upgrades to Salem Towers
Families at Salem’s Loring Towers will get access to expanded recreation space as developer Related Beal begins a $38 million renovation project.
A Workhorse Affordable Housing Program Is Expanding Significantly
The need for more affordable housing in the Greater Boston area is at an all-time high, but construction is headed for a record low. Fortunately, Gov. Maura Healey has proposed tools that can help fix this.
Financing Will Preserve 116 Affordable Apartments in Chelsea
A $25.35 million tax-exempt bond from MassDevelopment will be used by a nonprofit to acquire and modernize 116 affordable apartments in Chelsea.
$30.3M Financing Package Pays for Upgrades, Affordability at Fenway Property
A $30.3-million financing package from MassHousing will preserve 97 units of mixed-income housing in Boston’s South End and pay for the first upgrades to the property since the 1970s.
COVID-19 Could Make the Affordable Housing Crisis Worse
Subsidized housing funding comes with extremely strict deadlines for performance. If an project is delayed not only can costs increase, as prices for materials rise, but project funds can actually disappear.
Housing Developers Warn of Risks to Projects
Housing developers warn that the effects of the coronavirus pandemic could trigger penalty clauses that threaten the completion of projects and require state and federal intervention.
Rockland Financing Backs Porter Square Affordable Units
A $17.7 million financing package by Rockland Trust Co. will support development of a 40-unit affordable housing project in Cambridge’s Porter Square.
Middle Income Housing Tax Credit Doesn’t Address Long-Term Issues
Want to see the growing middle-class housing crunch morph into a full-blown crisis? Start subsidizing builders to get them to build moderately priced apartments, condominiums and homes.
