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Massachusetts awards $18 million in HDIP tax credits to spur housing in Fitchburg and other gateway cities
Summary
Governor Maura Healey announced $18 million in Housing Development Incentive Program (HDIP) tax credits to support downtown and gateway-city housing projects, including multiple small developments in Fitchburg and larger rehabilitations in Lowell, Hyannis, Salem, Holyoke and Worcester.
Governor Maura Healey announced at a Downtown Fitchburg event that the Commonwealth will award $18 million in tax credits through the Housing Development Incentive Program (HDIP) to unlock new homes in gateway cities across Massachusetts.
The announcement, delivered at 347 Main Street during a tour of local projects, is part of a broader set of state housing actions the administration highlighted, including a fiscal year total of $57 million in HDIP awards and the release of the state—s first comprehensive housing plan. "We're here today to announce the award of $18,000,000 in tax credits to unlock new homes in cities all across Massachusetts," Governor Maura Healey said. "This fiscal year, we've awarded $57,000,000 for new housing in gateway cities through these HDIP tax credits. And best of all, we've gotten more than, well, close to 1,300 new homes into production."
Housing and Livable Communities Secretary Ed Augustus said the new $18 million round will directly support projects that combine housing with downtown commercial activity and transportation access. "Today's investment of…
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