The Healey-Driscoll Administration and MassHousing have announced $6.9 million in Neighborhood Stabilization Program grants to 10 community-based organizations. These funds will support the redevelopment or rehabilitation of 37 affordable homes, including 23 new affordable homeownership opportunities.
Administered by MassHousing, the program addresses blight and disinvestment in residential neighborhoods by providing grants for construction, reconstruction, renovation, or repair of substandard properties. The program prioritizes projects with significant impact, particularly in weaker markets and communities affected by the COVID-19 pandemic, promoting homeownership, climate resilience, and diversity.
“Neighborhood Stabilization grants underscore the power of housing to transform people’s lives and build up our communities,” said Ed Augustus, secretary of the Executive Office of Housing and Livable Communities. “Each one of these grants will bring pride back to neighborhoods by reviving properties and providing much-needed housing to individuals and families across our state.”
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