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Governor Baker announces $100 million MassHousing fund for creation of workforce housing

Massachusetts Governor Charlie Baker has announced a new $100 million fund for the creation of workforce housing which is being defined as rental housing for households earning 61% to 120% of area median income. 
This program, which is being funded by MassHousing, is aimed at families whose incomes are too high for subsidized housing but are priced out of the market by high rents.

Key features of this program are as follows:

- Provides up to $100,000 of subsidy per workforce housing unit.

- Can be used for new construction or refinancing where new units of workforce housing will be created.

- Will require at least 20% of the units be affordable to households at or below 80% of the area median income to meet MassHousing’s statutory enabling act requirements.

- Will require a deed restriction for 30 years or longer.

More information on this program can be found in Governor Baker's press release.


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