Kelley's Corner affordable housing granted $8M

The Baker-Polito administration’s Department of Housing and Community Development recently announced an $8 million grant for the town of Acton to build The Residences at Kelley’s Corner. Thirty-one new affordable housing units will be built for seniors ages 62 and older and adults with disabilities in Acton.

State Sen. Jamie Eldridge and Reps. Tami Gouveia and Danillo Sena, all Acton Democrats, had written a letter of support for the project in September 2020 to DHCD.

Units will be offered to those that earn less than 60% of the area median income (AMI), including 10 units reserved for seniors that earn less than 30% of the AMI. In accordance with DHCD policy, the project’s sponsor will also provide support services to residents.

DHCD will support the project through federal low-income housing tax credits and subsidy funds. Common Ground Development Corporation, a nonprofit that builds affordable housing for first-time home buyers and preserves existing apartments at affordable rent levels, will serve as the sponsor for the project. Additionally, the town of Acton will support the project with its own funds.

DHCD will support the project through federal low-income housing tax credits and subsidy funds. Common Ground Development Corporation, a nonprofit that builds affordable housing for first-time home buyers and preserves existing apartments at affordable rent levels, will serve as the sponsor for the project. Additionally, the town of Acton will support the project with its own funds.

This grant is a product of a $46.1 million investment in affordable housing development by the Baker-Polito administration, announced early March 2021. The investment will support 12 projects in eight communities by providing state and federal housing tax credits, state and federal rental vouchers, and direct funds to support affordable housing development. A total of 572 new housing units will be built in Massachusetts including 507 affordable housing units, 108 of which will be reserved for extremely low-income households.

Article Credit: Wicked Local