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The goal of the Affordable Housing Law (Chapter 40B) is to make at least 10% of every Massachusetts's community's housing stock affordable for moderate income households. As of June 30, 2011, 39 communities had met that goal. Details are available on the Department of Housing and Community Development (DHCD) Subsidized Housing Inventory.
Areas with higher levels of income are shaded darker. Massachusetts is the second wealthiest state in the United States of America, with a median household income of $89,026 (as of 2021), [ 1] and a per capita income of $48,617 (as of 2021). [ 2] Many of the state's wealthiest towns are located in the Boston suburbs.
The new bill sets aside $1.6 billion for public housing, including $150 million for projects to decarbonize the public housing stock, $100 million for public housing and $15 million for accessibility.
In the years between 2012 and 2024, the rise in the median gross rent in Massachusetts rose nearly 30% faster than the median household income did across the Commonwealth. [4] Massachusetts has one of the lowest rates of new housing production anywhere in the country. [ 4 ]
Barnstable, as a gateway city in Massachusetts, has approved six projects with state tax incentives to build mixed income housing. Is $4,654 for a one-bedroom apartment 'market rate'? What a ...
With expansion of the city’s first-time homebuyer program, current New Bedford residents looking to buy property in the city may be able to live the dream of home ownership. New Bedford ...
Determining housing affordability is complex and the commonly used housing-expenditure-to-income-ratio tool has been challenged. In the United States [20] and Canada, [21] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [22]
But despite those uncertainties, the board said "there is much that can be done at the state level, now and in the longer-term," to address the high costs of housing and child care in ...
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