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Massachusetts Lieutenant Governor Announces Funds for Affordable Housing

Friday, June 4, 2004 - 1:45AM

Lt. Governor Kerry Healey today announced that $62.4 million in state resources will be used to create and preserve 1,058 rental homes in 14 cities and towns across Massachusetts. Approximately $42 million of the funds announced will be generated through federal low-income housing tax credits (LIHTCs) and an additional $1.1 million will be leveraged through state issued tax credits. The remaining $19.3 million will be awarded from the state Department of Housing and Community Development's (DHCD) Housing Stabilization Fund (HSF), Facilities Consolidation Fund (FCF), HOME program and the Housing Innovations Fund (HIF), as well as the Affordable Housing Trust Fund, which is administered by DHCD and MassHousing.

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