20 Gateway City Mayors and Managers Urge State to Fund Downtown Housing
Twenty Gateway City mayors and managers have endorsed letters to the leadership of the Massachusetts State House and Senate requesting meetings to address the backlog of projects for the Housing Development Incentive Program (HDIP)—their number one housing priority for the end of the legislative session.
HDIP is a vital tool for revitalizing small downtowns, particularly in regions of the state where market rents remain well below the Boston area. Currently, there are 41 shovel-ready housing projects representing nearly 2,300 units of housing and more than $700 million in private investment awaiting funding. With a funding cap of only $10 million per year and a $57 million pipeline of requests, projects could face delays of more than five years and many are in jeopardy of disappearing. Municipal leaders are requesting raising the cap to $30 million per year.
View the letters here:Gateway City Mayors HDIP letter Senate President