May
16
2016
BOSTON --- Gov. Charlie Baker outlined $160.5 million in new funds over the next five years to build and preserve housing for low- and middle-income residents and homeless families. Much of the money will go to preserve existing affordable housing, apartments in privately owned buildings that were financed decades ago but could soon be rented at market rates. By offering to refinance those properties through the state, Baker said he hopes to preserve some 3,300 apartments that would otherwise go on the open market.
