Healey-Driscoll Administration Visits Redbrook to Announce $158 Million for New Affordable Housing
PLYMOUTH — Today, the Healey-Driscoll Administration announced $158 million in low-income housing tax credit and subsidy awards for 14 affordable housing projects across the state. These awards will support the production and preservation of 1,138 affordable units for seniors and families across the state. These awards were made possible in part by the $1 billion tax relief bill signed by Governor Maura Healey in 2023, which raised the Low-Income Housing Tax Credit to $60 million annually, a $20 million increase that allows the state to support more affordable housing production.
“High housing costs are one of the biggest challenges facing Massachusetts residents. Our administration is refusing to kick the can down the road. We need to increase housing production across the state to lower costs – and these affordable housing awards will help us get there,” said Governor Maura Healey. “Because of our tax cuts package, we’re able to give out more funding than ever before, which will directly support the creation of more than 1,000 affordable homes for seniors and families across our state.”
“Every dollar we’re delivering to developers and communities directly translates into new, affordable homes for residents across our state,” said Lieutenant Governor Kim Driscoll. “It’s great to be in Plymouth today to see how they are embracing the incredible benefits that new housing brings and delivering a great place to call home for hundreds of seniors. We’re excited to see how these awards will get shovels in ground for Cranberry Commons and housing projects across the state.”
On Thursday, Governor Healey, Lieutenant Governor Driscoll, Secretary Augustus and local officials visited the Redbrook community in Plymouth, where The Grantham Group will be building Cranberry Commons with the support of one of the awards. When completed, Cranberry Commons will offer 62 total units, all of which will be affordable for seniors.
“The Healey-Driscoll Administration’s is working hard not only to expand affordable housing opportunities across the Commonwealth but also to preserve our rich history through the restoration and adaptive reuse of historic buildings for housing,” said Ed Augustus, Secretary of Housing and Livable Communities. “The 14 projects being awarded today represent another strong step forward to drive down housing costs and will foster stronger communities for years to come.”
“The Town of Plymouth appreciates the Healey-Driscoll administration’s ongoing dedication to affordable housing,” said Plymouth Town Manager Derek Brindisi. “This award reinforces the Town’s commitment to expanding affordable housing options for our residents.”
Projects include new senior developments, a deep energy retrofit, and the adaptive reuse of an old mill being converted into housing. A total of 95 percent of units will be affordable to seniors or families earning less than 60 percent of AMI. At least 327 units will be deeply affordable and restricted to individuals or families earning less than 30 percent of AMI.