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Massachusetts awards $27 million in HDIP tax credits to 14 projects, including two in Lowell
Summary
Governor Maura Healey announced $27,000,000 in Housing Development Incentive Program (HDIP) tax credits for 14 developments statewide, creating more than 550 homes; officials said the awards include projects in Lowell that will add 76 units to the city.
Governor Maura Healey announced that the Commonwealth is awarding $27,000,000 in Housing Development Incentive Program (HDIP) tax credits to 14 development projects across Massachusetts, a move state leaders said will unlock more than 550 new homes for communities including Lowell.
The awards, Gov. Maura Healey said, are part of a broader push to address statewide housing affordability and to give gateway cities new tools for downtown revitalization. "Today, we're announcing $27,000,000 in tax credits for 14 developments statewide," Healey said, adding that the investment will create "over 550 new homes" across the Commonwealth.
Lieutenant Governor Kim Driscoll, who…
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