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Espanol I Portugues search... {"� <br /> 01101 <br /> MASSliOUSING About News Careers Contact <br /> NZEM-.00=0122CENS= <br /> HOME ' DEVELOPERS - WORKFORCE HOUSING INITIATIVE <br /> Workforce Housing Initiative contact our Multifamily <br /> MassHousing has invested more than$100 million in its Workforce Housing fund,which supports the Lending Team <br /> creation of rental housing that is affordable for households whose incomes are too high for subsidized To learn more about MassHousing's <br /> housing but are priced out by market rents. multifamily financing options,contact <br /> Workforce Housing Program Highlights Greg Watson1617.854.1880 <br /> • Supports housing with rents affordable to individuals and families with incomes of generally between Jeffrey Geller 1617.854.1768 <br /> 60%and 120%of Area Median Income(AM[) Max Glikman 1617.854.1394 <br /> • Provides up to$loo,000 of subsidy perworkforce housing unit Sarah Hatt 1617.854.1714 <br /> • Leverages strategic opportunities to use state-owned land Antonia Torres 1617,854.1361 <br /> • Complements,does not replace traditional MassHousing development financing Kathleen Evans 1617.854.1280 <br /> • Ensures workforce housing units are deed restricted as affordable <br /> Workforce Housing Eligible Projects <br /> Housing Program <br /> . Preference for new units;existing projects where unrestricted units become restricted or preservation of WorkforceGuidelines <br /> affordability is at risk will be considered <br /> • 20%of units must be affordable for households earning at or below 80%of AMI `� � <br /> Terms may change and additional restrictions apply.View the Workforce housing Program Guidelines. <br /> Workforce Housing Fact Sheet <br /> All <br /> eq <br /> CommonWealth Builder <br /> Workforce units are an affordable option for renters who earn too much to qualifyfor traditional Program <br /> subsidized housing but are�still burdened by high mat,ket rents.View a list of developments that offer Financing for deve top ersoftor-sale housing <br /> workforceunits,and contact th air managementcompaniesto learn about elkgibility reel uirementsand affordable to middle-incomehomebuyers. <br /> the applkcatfon process, <br /> Ar <br /> 9. Resources we have for workforce housing: Mass Housing Workforce Housing <br /> Initiative <br /> A bank that can make loans at taxable or tax-exempt rates to stimulate production of <br /> primarily affordable housing. In the last 5-10 years they started focusing on workforce <br /> housing with their Workforce Housing Initiative. Mass Housing has a team of people <br /> devoted to lending to those projects. Supports housing with rents for individuals and <br /> families in the 60-120% average median income group. They donate $100,000 per <br /> workforce housing unit. Housing production in MA has gotten to the point where it is well <br /> over $400,000 a unit. This would cover a quarter of the cost, which is considerable given <br /> that financial support for workforce housing has been difficult to get. <br /> Some components for funding include leveraging strategic opportunities for town land. <br /> it complements does not replace traditional financing. You will not get this subsidy unless <br /> there is a long-term deed restriction that requires any turnover and sales to stay within <br /> 15 <br />