FY2014 - FY2018 Capital Investment Plan
Report - Investment Category - Housing

The Department of Housing and Community Development (DHCD) administers eight capital programs, all of which are critical to the Department’s mission.  These programs have the capacity to produce or preserve affordable units, create housing opportunities for special populations and create housing for homeless individuals and families who currently live in shelters or overflow facilities.  Some of the programs focus on helping people with disabilities move from nursing homes or other institutions into comfortable settings with appropriate services.  Other programs can be used to create housing for veterans who have served in combat and are readjusting to civilian life.  Every capital program administered by DHCD can support the creation of additional units to serve homeless individuals and families.  The creation of permanent housing for this population is critically important for many reasons.  In addition to achieving social goals, it also relieves pressure on the Commonwealth’s operating accounts that support homeless shelters and overflow facilities.  DHCD capital programs provide for construction of new units as well as preservation of affordable family units that help to stabilize and advance neighborhood housing efforts, many of which are close to transit and within walking distance of retail and commercial opportunities.

The following graph reflects the Administration’s estimated capital investment in affordable housing projects and programs over the next five years, as compared to fiscal years 2007 and 2013 economic development related spending.

Vertical bar chart showing the total amounts spent or planned on Housing projects for FY07 through FY18, from source State Bond Cap.

Administration Accomplishments to Date

Public Housing

Housing Development

FY14 Highlights