$1.8 BILLION HOUSING PACKAGE APPROVED


By Bob Katzen

The House 151-2, Senate 38-0, approved a package funding various state programs to construct and preserve affordable housing in the Bay State.

Provisions include $400 million for the Affordable Housing Trust Fund that funds a myriad of programs including help for first-time homebuyers; $100 million for the creation of rental housing that is affordable for working families whose incomes are too high for subsidized housing but are priced out of market rents; $600 million to rehabilitate and modernize existing public housing; $60 million for disabled persons and seniors to renovate and modify their homes; and $45 million for grants to non-profits for early education and out-of-school time program facilities that serve low income children.

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