Affordable Housing Program Cambridge Ma

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Search 5,768 Federally assisted, income-based affordable apartments in Cambridge, MA. Find income limits, waiting lists, and more.

The production and preservation of affordable housing is critical for families, neighborhoods, and the Commonwealth. Since MACDC’s founding in 1982, we have supported our members in the development of affordable housing and other community-focused real estate development, in the preservation of existing affordable housing, and in assisting families to acquire and maintain their own housing through homeownership education, home improvement lending, and foreclosure prevention. MACDC Members manage over 17,000 rental housing units developed in prior years. Additionally, during 2015, MACDC Members:. Created or preserved 2,055 homes;. Generated more than 2,200 construction jobs and investment of almost $490 million from construction of housing, commercial, mixed use and open space real estate;.

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Provided assistance to more than 9,000 families trying to buy a home or keep their home. MACDC supports the affordable housing efforts of its members in numerous ways:: We focus our policy and advocacy work on statewide issues in several areas: real estate development, lead paint abatement, homebuyer education, and foreclosure prevention. We work with various state agencies, other private and public entities, and the state legislature. In 2017, MACDC is playing a significant leadership role in advocating for changes in how the State prioritizes its housing subsidy funding, pushing for a separate funding stream for community-scale rental projects of fewer than 20 units, and advocating for a scoring system that better rewards projects that are part of broad-based community development efforts (see the link to written comments submitted by MACDC on the. We are active in several state-level coalitions, including the Building Blocks Coalition, the CHAPA Homelessness Committee, the CHAPA Production and Preservation Committee, and the Commonwealth’s Preservation Advisory Committee. A key part of our advocacy work is ensuring increased funding for affordable housing in the State’s Capital and Operating Budgets.

We are advocating for passage of the Housing Bond Bill, which would authorize funding for numerous affordable housing programs for five years. We are also advocating for increased funding for the Massachusetts Rental Voucher Program, and for funding for grants to nonprofit organizations that provide homebuyer education and foreclosure prevention counseling. Last year, we played a leadership role in passing the Community Preservation Act in Boston and now we are helping to implement the program so that it generates millions of dollars in new flexible funding for affordable housing.: MACDC works closely with the State’s Housing Intermediaries, including the MA Department of Housing and Community Development (DHCD), Massachusetts Housing Partnership (MHP), Community Economic Development Assistance Corporation (CEDAC), Mass Housing, Massachusetts Housing Investment Corporation (MHIC), and MassDevelopment.

For example, we worked successfully with MassHousing and DHCD to amend the guidelines for the Get the Lead Out Program, which will result in lead abatement for more homes and safer living conditions for children. We also work with the Massachusetts Division of Banks and the Massachusetts Attorney General to secure resources for foreclosure prevention and strengthen the hand of nonprofit counseling agencies in dealing with recalcitrant loan servicers. In general, we work with all of these agencies to identify needs and gaps, design programs, prioritize resources, and help our members access these resources.: MACDC conducts research on housing policy issues and on the work of our members. Annually measures the collective accomplishments of our Members. We also conduct more targeted research, including:. Ongoing research into the allocation of state housing dollars;.

Affordable Housing Program Cambridge Ma

A 2010 on green strategies employed by CDCs through their projects, programs and initiatives; and. A 2008 MACDC to identify the overall track record of its members in the area of minority, women and union hiring in their real estate projects.: In collaboration with the we provide training to housing practitioners. Some of our recent courses have included:. an overview of real estate taxation of affordable housing;. in-depth training on the factors to consider in hiring a general contractor;. training on how to improve asset management capabilities.: Our Housing and Real Estate Peer Group meets five to six times per year, to supplement formal training opportunities and provide a support network of practitioners to share information, engage in problem solving, build knowledge and skills, and offer peer support.

The peer group also offers a regular and structured vehicle for meeting with potential partners and funders who are interested in connecting with CDCs.

. Affordable Housing Trust Cambridge Affordable Housing Trust Created by the City Council, the Cambridge Affordable Housing Trust was established in 1989 with the mission of expanding and protecting affordable housing opportunities in Cambridge.

The Trust is comprised of a nine-member board that includes experts in housing policy, finance, development, design, and advocacy. The Trust serves as both a policy advisory board and a loan committee, meeting on a monthly basis throughout the year to review proposals for new housing preservation and development efforts and other housing programs, and to discuss affordable housing policy. The Trust has a long-standing commitment to creating high-quality housing that is well-integrated into the greater community and that will remain affordable for future generations. Some of the criteria the Trust uses when reviewing proposals for new programs, policies, and housing developments include:. Creation and preservation of long-term affordability;. High-quality sustainable design to benefit housing residents and the surrounding neighborhood and community;. Use of energy-efficient materials, and environmentally-friendly construction techniques;.

Emphasis on the creation of family-sized housing (units with two or more bedrooms); and,. Leveraging of Trust funds by other public and private financing sources. Through its affordable housing development and acquisition programs, affordable housing preservation programs, first-time homebuyer assistance programs, and its rehab programs, the Trust has helped thousands of families and individuals afford to remain in the Cambridge community. The Trust offers predevelopment, acquisition, construction, and permanent financing to support the efforts of local housing development organizations to create new affordable housing units, preserve existing affordable housing, and finance the acquisition and rehabilitation of existing properties. The Trust also provides direct assistance to income-eligible families seeking to purchase their first home. Since its inception, the Trust has provided financing for the creation and preservation of 2,600 affordable rental and homeownership units in Cambridge. The Trust encourages applications from affordable housing providers and developers interested in requesting City funding to assist in the creation of permanent affordable housing in the city.

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REPORTS For more details about the Trust along with descriptions of projects funded by the Trust, please click on one of the Trust Reports listed below: MEMBERSHIP Members of the Affordable Housing Trust are appointed by the City Manager and include the City Manager as an ex officio member. Meetings, Agendas and Minutes The Affordable Housing Trust usually meets fourth Thursday of each month at 4:00 P.M.

In the Ackermann Room at City Hall. Date Agenda Minutes January 26, 2017 February 23, 2017 March 23, 2017 April 26, 2017 May 25, 2017 June 22, 2017 July 24, 2017 July 27, 2017 August 23, 2017 September 28, 2017 October 26, 2017 November 29, 2017 January 31, 2018 February 22, 2018 March 22, 2018. For More Information For more information contact Chris Cotter at 617/349-4634. Middle Income Rental Program The Housing Division is accepting applications for a Middle Income Rental Program.

Inclusionary Housing Zoning Ordinance Updated The Inclusionary Housing Zoning Ordinance was adopted in April 2017, increasing the amount of affordable housing required in new developments from 15% to 20%. Housing Program Income Limits Quick Links. I'd like to learn more about.

Neighborhood or Square. Current Projects A 5-STAR Community and National Leader in Sustainability Community Development. Iram Farooq Assistant City Manager for Community Development 344 Broadway Cambridge, MA 02139 Phone: FAX: TTY: Hours of Service Mon: 8:30 A. T/W/Th: 8:30 A. To Noon Email Us Chris Cotter Housing Director 617/349-4634. About CDD. Frequently Visited.

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This entry was posted on 30.09.2019.