For Immediate Release - October 17, 2011

PATRICK-MURRAY ADMINISTRATION ANNOUNCES $64.5 MILLION TO BUILD, PRESERVE 1,071 HOUSING UNITS ACROSS MASSACHUSETTS

Projects will create an estimated 1,500 construction jobs across Massachusetts

BOSTON – Monday, October 17, 2011 – The Patrick-Murray Administration today announced $64.5 million in affordable housing resources and tax credits directed to support the construction of 25 rental developments in 15 communities across Massachusetts. The projects will create an estimated 1,500 construction jobs, continuing the Administration's record investment in infrastructure projects that are helping Massachusetts recover from the recession faster than most states.

"I am proud to support public-private partnerships that advance construction projects across Massachusetts, put people to work and contribute to the economic vitality of our communities," said Governor Deval Patrick. "We want Massachusetts to be a place where people put down roots, raise their families and do business, and that's why expanding affordable housing opportunities remains a top priority."

"Investing in job creation and affordable housing in communities across the Commonwealth will strengthen neighborhoods and regional economies," said Lieutenant Governor Murray.

The developments will create or preserve 1,071 rental units, 977 of which will be affordable to low and moderate income working families and individuals -- including approximately 190 for families and individuals transitioning from homelessness. Funding from today’s announcement will support projects in: Acton, Arlington, Beverly, Boston, Cambridge, Chicopee, Danvers, Gloucester, Lee, Lunenburg, Mashpee, New Bedford, Somerville, Springfield and Worcester.

“This investment will put 1,500 construction workers back on the job and provide affordable housing to families that need it most,” said U.S. Senator John Kerry.

“Funding for over 1,000 affordable housing options and the resulting 1,500 construction jobs is great news for the Commonwealth,” said U.S. Senator Scott Brown. “Infrastructure projects like this are deserving of high praise, as many families will have a roof over their heads, and many more will earn a paycheck.”

Since the beginning of their first term, Governor Patrick and Lieutenant Governor Murray have worked with the Legislature and Congress to direct close to $700 million in federal and state tax credits and state housing program subsidies to projects that improve the state's affordable housing stock, create jobs and build stronger communities. These investments have generated more than 14,000 jobs and 10,000 housing units, 9,000 of which are affordable. 

“This investment in affordable housing will help expand access to quality rental units for families and individuals, as well as for people transitioning from homelessness. It will also create jobs, making an impact on the local economy,” said Congressman Michael Capuano.

“I’m pleased that here in Southeastern Massachusetts we have had a strong, cooperative relationship between federal, state and local governments in order to support affordable housing in our communities," said Congressman Barney Frank.

“While Massachusetts is recovering faster than most states, the construction industry and working families still need support in these tough times. I applaud Governor Patrick and Lieutenant Governor Murray’s award to Arlington. This funding will put tools in the hands of our workers, roofs over the heads of our families, and advance community development throughout the Bay State," said Congressman Edward J. Markey.

"Creating safe and affordable housing opportunities for all of our residents is something we must always be looking to do, but this effort takes on additional urgency during difficult economic periods where increasing numbers of people are at risk," said Congresswoman Niki Tsongas.  "These funds released today will help Acton residents find an affordable place to live while simultaneously creating jobs in the community.” 

“These investments will help get people working – particularly those feeling the effects of what has been called the ‘Blue Collar Depression,’ ” Massachusetts House Speaker Robert A. DeLeo said. “This represents another step forward for the Massachusetts economy and will help families find needed-housing.”

PROJECTS RECEIVING FUNDING:

McCarthy Village II (Acton): The Acton Housing Authority will use $1,230,000 in state Department of Housing & Community Development (DHCD) housing subsidies to create 12 units of affordable rental housing. Six units will be reserved for extremely low-income residents, and three units will be reserved for homeless families coming directly from a homeless shelter. It is expected to create 28 jobs.

Capitol Square Apartments (Arlington): The Housing Corporation of Arlington will use $241,233 in federal low-income housing tax credits and $2,165,000 in DHCD housing subsidies to convert existing market rate housing to 32 units of permanently affordable housing, three reserved for extremely low-income households. The Somerville Homeless Coalition will provide supportive services to extremely low income tenants residing in two McKinney-Vento units. It is expected to create 25 jobs.

Holcroft Park Homes Phase 2 (Beverly): The YMCA of the North Shore and the North Shore Community Development Corporation will use $826,240 in state and federal low-income housing tax credits and $2,900,000 in DHCD housing subsidies to add 29 affordable family units to the neighborhood, including a minimum of three units reserved for extremely low income households. It is expected to create 47 jobs.

Monserrat Affordable Housing (Beverly): The Beverly Housing Authority will use $500,000 in DHCD housing subsidies to create five units through the rehabilitation of an existing single family house as well as four new construction units. All units will be affordable to extremely low income families. It is expected to create 12 jobs. 

Condor Havre Apartments (East Boston): East Boston Community Development Corporation will use $945,000 in DHCD housing subsidies to create seven units of affordable housing for formerly homeless families; Crossroads Family Shelter will provide support services. All units will have Section 8 Project-Based Vouchers from the Boston Housing Authority and will be reserved for extremely low income households. It is expected to create 11 jobs.

Family House Shelter (Boston): The Roxbury Multi-Service Center (RMSC) in partnership with the Pine Street Inn will use $231,272 in DHCD housing subsidies to rehabilitate a former family shelter to create 22 single room occupancy (SRO) units for homeless individuals. It is expected to create two jobs.

LBB Housing (Dorchester and Mattapan): Lena Park Community Development Corporation in partnership with Urban Edge Housing Corporation will use $657,589 in federal low income tax credits and $3,500,000 in DHCD housing subsidies to rehabilitate 96 affordable and seven market rate units. Eleven units will be reserved for extremely low income households. It is expected to create 65 jobs.

Mattapan Heights 5A (Boston): Trinity Financial will use $3,630,649 in state and federal low-income housing tax credits and $3,500,000 in DHCD housing subsidies to create 60 additional units of affordable housing for families on a long-vacant campus that now features 116 units of assisted living for the elderly (the Foley House) and 163 recently-built affordable units for families. It is expected to create 162 jobs.

Parcel 24 Phases I and II (Boston): Kirk Sykes/New Boston Fund and the Asian Community Development Corporation will use $3,182,500 in state and federal low-income housing tax credits and $6,435,698 in DHCD housing subsidies to build 95 affordable units for families, including 31 units reserved for extremely low income households. It is expected to create 234 jobs.

Quincy Heights 1 & 2 (Boston): Dorchester Bay Economic Development Corporation in partnership with Quincy Geneva Housing Corporation will use $1,985,000 in federal low income housing tax credits and $1,500,000 in DHCD housing subsidies for substantial rehabilitation and new construction of 129 affordable units, 13 reserved for extremely low income households. All units will receive project-based Section 8 rent subsidy. It is expected to create 260 jobs.

Spencer House II (Boston): Rogerson Communities will use $2,849,000 in DHCD housing subsidies for the rehabilitation and new construction of 37 units of senior housing. All units will be universally adaptable for frail elders with physical limitations, and at least four units will be set aside for the formerly homeless. It is expected to create 72 jobs.

Wayne at Blue Hill (Boston): Cruz Development will use $855,998 in state and federal low-income housing tax credits and $535,523 in DHCD housing subsidies to preserve 48 affordable housing units, including at least five for extremely low income households. It is expected to create 45 jobs.

Temple Place (Cambridge): The Cambridge Affordable Housing Corporation will use $752,300 in federal low income housing tax credits and $2,450,000 in DHCD housing subsidies to create 42 affordable units for individuals and families, including at least four extremely low income families participating in a “Moving to Work” program with the Cambridge Housing Authority. It is expected to create 102 jobs.

Ames Privilege 1 and 2 (Chicopee): HallKeen will use $882,098 in state and federal low-income housing tax credits and $1,000,000 in DHCD housing subsidies for the rehabilitation and new construction of 134 units of mixed-income family housing, including units reserved for extremely low income households. It is expected to create 74 jobs.

Conifer Hill Commons Phase I (Danvers): Kavanagh Advisory Group will use $813,176 federal low-income housing tax credits and $1,550,000 in DHCD housing subsidies to create 48 affordable housing units, five units will be reserved for extremely low income families. It is expected to create 75 jobs.

Home Together (Gloucester): Action, Inc. will use $575,145 in DHCD housing subsidies to create four new supportive housing units for homeless families. It is expected to create nine jobs.

57 Main Street (Lee): Berkshire Housing Development Corporation will use $1,820,000 in DHCD housing subsidies to preserve 16 affordable housing units in a downtown mixed-use building. It is expected to create 15 jobs.

Tritown Landing Phase II (Lunenburg): Great Bridge Properties will use $439,475 in federal low-income housing tax credits and $1,465,000 in DHCD housing subsidies to create 33 additional affordable units for families, including at least four reserved for extremely low income families. It is expected to create 37 jobs.

Breezy Acres Expansion (Mashpee): Housing Assistance Corporation will use $937,418 in DHCD housing subsidies to create 10 units on the site of an existing family public housing development, three units will be reserved for extremely low income households. It is expected to create 22 jobs.

Allen Street Apartments (New Bedford): Community Action for Better Housing (CABH) will use $1,625,818 in DHCD housing subsidies to create 12 units of permanent supportive housing for homeless families and individuals. The project will restore a historical, vacant and boarded-up property. It is expected to create 16 jobs. 

Cross Street (Somerville): Somerville Community Corporation will use $1,000,000 in DHCD housing subsidies to create eight units of affordable housing for extremely low-income households. All units will have project-based Section 8 subsidies. It is expected to create 12 jobs. 

Saint Polycarp Village Phase III (Somerville): Somerville Community Corporation will use $619,550 in federal low-income housing tax credits and $2,259,000 in DHCD housing subsidies to create 31 affordable housing units for families, five units will be reserved for extremely low income households. It is expected to create 55 jobs.  

Concord Heights (Springfield): First Resource Development Company will use $1,909,400 in state and federal low-income housing tax credits and $2,350,000 in DHCD housing subsidies to rehabilitate 104 affordable units, including at least eleven for extremely low income families. It is expected to create 107 jobs.

Tapley Court (Springfield): Better Homes, Inc will use $1,950,000 in DHCD housing subsidies to preserve 30 affordable family units, including eight for extremely low income households. It is expected to create 16 jobs.

Austin Corridor II (Worcester): Worcester Common Ground will use $338,050 in federal low-income housing tax credits and $2,169,153 in DHCD housing subsidies and will create 20 units of affordable family housing, including at least five units reserved for extremely low-income households. It is expected to create 38 jobs.

###

Follow us on Twitter – View our Photos – Watch our Videos