The House Ways & Means Committee unveiled its FY24 budget and an accompanying tax package last week. The pair of bills call for investing more than $1 billion to respond to the state’s housing crisis. This is roughly double the state’s annual housing spend pre-COVID. Unfortunately, the House departed from the Healey administration and left
K.I.S.S Early College and HDIP
The Gateway Cities Journal
Economic development strategies are most likely to succeed when their logic is clear and simple, so that communities embrace the plan, and pursue it with laser focus long enough for it to work. This is playing out with Early College and HDIP. Gateway City leaders have spent years working to operationalize these programs. In March,
Governor Healey’s budget invests in Gateway Cities
The Gateway Cities Journal
Our last journal offered thoughts on how Governor Healey can position Gateway Cities to thrive in this post-pandemic era by increasing the Housing Development Incentive Program (HDIP), investing in regional transit, and lowering commuter rail fares. Now that the administration has unveiled its first budget, our readers will want to know, how did they do?
Massachusetts has a plan to increase affordable housing — now it needs the budget
Gateway City mayors and managers' opinion piece in the Boston Globe
The Housing Development Incentive Program is a powerful tool to jump-start additional housing development that contains a mix of market-rate and affordable units based on project agreements negotiated by local government. With families scrambling for homes and prices at record levels, one might wonder why Massachusetts continues to produce just a fraction of the housing
Gov. Healey can make a bold statement with HDIP, commuter rail fares, and RTA funding in FY24 budget
The Gateway Cities Journal
Governor Healey’s first budget will provide the opening look at the administration’s policy priorities. This glimpse comes at what is almost certainly a defining moment for Massachusetts. After a long string of success, the state’s economy faces serious peril, brought on by a potent combination of the COVID-19 shock, regulation inhibiting housing production, and systemic
Housing Development Incentive Program (HDIP) Updated Analysis of Program Data
Data provided to MassINC by DHCD as result of public records request (Jan. 2023) February 3, 2023 Bottom Line: HDIP is the state’s most efficient housing development program to date, costing an average of only $23,664 per unit and resulting in the production of 2,687 new units in Gateway City downtowns and transit areas so
Three Ideas to Boost Gateway Cities’ Housing Production
Ben Forman featured in Banker & Tradesman
January 29, 2023 SUBARBS ARE getting the lion’s share of the blame for Massachusetts’ colossal failure to produce housing. While their overtly exclusionary practices certainly merit a stronger response, myopically focusing on restrictive suburban zoning distracts from an equally pressing problem – the lack of residential investment in Gateway Cities. The commonwealth’s regional urban centers
Event Recap | The Time is Now: Ending the College Affordability Crisis in Massachusetts
On Wednesday, January 25th, MassINC, uAspire, One Goal, Bottom Line, and The Education Trust hosted a forum on the future of public higher education finance in Massachusetts. The hybrid event brought together more than 200 education practitioners, policymakers, and leaders for a timely dialogue on how Massachusetts deploys Question One funding to increase college access
Five Gateway City bills to watch this session
The Gateway Cities Journal
Last Friday was “docket day” on Beacon Hill, the deadline for filing legislation for consideration during the 2023 – 2024 session. The co-chairs of the Gateway Cities caucus presented five hefty bills. As a package, the complementary and commonsense policy proposals contained in these bills would offer a huge infusion of energy for Gateway City
Hello from Joe Kriesberg, MassINC’s new CEO
Dear Friends, I’m excited to be writing this email from my desk at the MassINC offices at 11 Beacon Street in downtown Boston. After transitioning jobs for the past two months, it is great to focus my full attention on MassINC’s extensive and impactful work. I applied for and accepted the job of CEO at