FY2011 - FY2015 Capital Investment Plan
Report - Investment Category - Housing

State spending for housing in Massachusetts includes both state-supported public housing and private affordable housing development.  The Commonwealth’s state-supported public housing is a unique and valuable resource, consisting of more than 49,092 units in 242 cities and towns.  The state’s public housing portfolio supports some of our most vulnerable citizens and includes more than 32,000 units of housing for the elderly, 12,200 units preferenced for veterans, 3,100 very low-density scattered site family housing, and 1,800 units primarily for disabled clients of DDS and DMH -- in all, providing homes for more than 80,000 residents.  The portfolio suffered neglect for the 16 years prior to this Administration assuming office, resulting in an inherited backlog of expired building systems and significant components that need replacement.  As a way to offset the negative effects of the high costs of private housing in Massachusetts, both for renters and owners, the Commonwealth’s private affordable housing development programs use a variety of financing resources, ranging from grants and loans to tax-credits, to support the production and preservation of affordable private housing.

The following graph reflects the Administration’s estimated capital investment in affordable housing over the next five years, as compared to projected fiscal year 2010 affordable housing-related capital spending.

This bar graph show the Housing: all sources of funds between the years of FY10 through FY15.

FY11 Highlights

In addition to direct investments, the Commonwealth has been awarded $300 million of ARRA funds for capital investments to support affordable housing under a few different programs.