Boston Mayor Martin Walsh announced $28 million in funding awards to support the creation of affordable housing throughout Boston yesterday. The funding, which will preserve or produce 837 housing units, comes from $21 million of federal and local resources awarded through the Department of Neighborhood Development (DND) and $7 million of Linkage funds, awarded through Boston’s Neighborhood Housing Trust.
“We are committed to creating a Boston where everyone who wants to live here, can afford to,” Walsh said in a statement. “I thank our local, state and federal partners for these housing investments that create good jobs and fuel our economy.”

The new funding will leverage more than $323 million of public and private investment in the neighborhoods, and will help to create an estimated 500 construction jobs. These developments will also create 125 units for homeless or extremely low-income families.

With the awarding of these funds, the Walsh Administration has now made more than $66 million in affordable housing available since Walsh took office.

Walsh Announces More Than $28M To Support Affordable Housing In Boston

by Banker & Tradesman time to read: 1 min
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