Massachusetts

A recently released technical information release (TIR) from the Massachusetts Department of Revenue describes provisions in the state’s Affordable Homes Act (H.B. 4977), including changes in the State Historic Tax Credit and the introduction of the qualified conversion credit for converting commercial property into residential housing.

The Massachusetts Executive Office of Housing and Livable Communities (EOHLC) will hold regional listening sessions to engage stakeholders and solicit feedback as the Healey-Driscoll Administration develops its first five-year strategic statewide housing plan.

The Massachusetts Department of Housing and Community Development substantially amended its 2021 HOME Annual Action Plan to increase the amount available by an estimated $4 million. Comments should be sent to Rebecca Frawley Wachtel by 2 p.m. ET on June 28.

The Federal Home Loan Bank of Boston will open an application for its 2022 Affordable Housing Program (AHP) on June 6, with a minimum of $10.6 million.

On April 1, Governor Charlie Baker (R) signed a supplemental state budget for FY2022 that provides $100 million in additional funding for emergency rental assistance through the RAFT program.

The Massachusetts Department of Housing and Community Development (DHCD) is adding $859.741.95 to the HOME Program in its 2021 Action Plan. Between April 1, 2021 and February 28, 2022, DHCD received $859,741.95 in HOME loan payments from approximately eleven HOME-funded portfolio development projects.

MassHousing closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex in Lawrence, MA.

The Massachusetts Department of Housing and Community Development (DHCD) posted the draft 2022-2023 QAP.

MassHousing said it closed on $9 million in financing to Dakota Partners, Inc., to support the development of Phase I of the Woodland Cove affordable rental housing community in Wareham, MA.  

The Massachusetts Department of Housing and Community Development will host two virtual information sessions for developers who intend to submit pre-applications on or before October 28, in advance of the Department’s 2022 winter rental round.

MassHousing said that Tony Richards recently joined as vice president of equitable business development, a new position that works across the agency to increase the impact and reach of the business, particularly with people of color.   

The Massachusetts Department of Housing and Community Development released the Notice of Funding Availability for the winter 2022 rental round.