Patrick Administration Announces Expansion Of Housing Development Incentive Program To Support Housing In Gateway Cities

BOSTON – August 18, 2014 – (RealEstateRama) — Housing and Economic Development Secretary Greg Bialecki today announced the start of the application process for state tax credits for developers with qualifying proposals for larger market rate housing projects in Gateway cities. The Massachusetts Department of Housing and Community Development (DHCD) will grant waivers to otherwise qualifying projects that exceed the current regulatory limit of 50 market rate units per project under the Housing Development Incentive Program (HDIP)


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