LAWRENCE, Mass. /MASSACHUSETTS NEWSWIRE/ — Today, Massachusetts Governor Maura Healey, Lieutenant Governor Kim Driscoll and Housing and Livable Communities Secretary Ed Augustus announced $27 million in Housing Development Incentive Program (HDIP) awards to create 709 total new units in 9 Gateway Cities across the state. This funding is in addition to the $27 million in HDIP funding awarded earlier this year. Together, HDIP awards made by the Healey-Driscoll Administration in 2024 will support the creation of 1,256 new housing units.
As part of a $1 billion tax package signed by the Governor in October 2023, the annual HDIP program cap was raised to $30 million annually with a one-time increase of $57 million. That increase allowed the Executive Office of Housing and Livable Communities to fund 25 projects in 15 Gateway Cities this year.
The announcement was made at theJAV in Lawrence, a 24-unit development by Jowamar Companies LLC now under construction after receiving an HDIP award from the Healey-Driscoll Administration earlier this year. The award helped enable the transformation of the formerly blighted property into housing, commercial spaces and a food hall…