Governor Charlie Baker is proposing an 8% increase on state spending for affordable housing for next year, and an 18% increment throughout the following five years, to a sum of $1.1 billion.
Baker proposed utilizing a sizable part of the new supports in the state’s capital spending plan to protect a portion of the 3,300 affordable residential units that are set to end up being priced at the market rate in the near future. The arrangement would finance more projects for affordable housing, for low-income families and for development projects in the state.
