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Proposed $4 billion housing bond bill

Here’s a breakdown of how Gov. Healey wants to tackle the creation and renovation of affordable housing across Massachusetts.

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The bill includes a $10 million homeowner production tax credit too.

In August, Gov. Healey declared a state of emergency due to a shortage of shelters and affordable housing options. Now the governor is doubling down and released a multi-billion dollar plan to address affordable and state-run public housing.

The proposal outlines the plan to spend $4.12 billion, which is more than double the 2018 amount and the largest investment in Massachusetts history. Today there are 184,000+ people on the waitlist for state public housing.

Here’s what the money could do in the Bay State:

  • The bill, as proposed, could help create, preserve, or improve 65,000 homes.
  • It includes creating ~8,000 tiny homes, aka accessory dwelling units, that would be 900 sqft or less and could be attached to single-family zoning districts.
  • The bond bill accounts for capital projects, including $1.6 billion to repair and modernize state-run public housing units across Massachusetts. This will help cut the list of outstanding repair projects in half.
  • The proposal includes new line items, like $175 million for infrastructure projects to support denser housing development.
  • The plan also places the largest investment in public housing units, with $1.6 billion designated for upgrades in 43,000 public housing units.
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