In response to the ongoing housing crisis, Massachusetts Gov. Maura Healey and Lt. Gov. Kimberley Driscoll announced a new round of Housing Development Incentive Program (HDIP) tax credit awards to support six projects across the state.
The awards, totaling $18.2 million, will be used to expand housing opportunities and transform underutilized properties, which they said will create 662 homes in cities like Taunton and Fall River.
“The Housing Development Incentive Program is a tremendous catalyst for additional housing in the city of Fall River,” Mayor Paul Coogan said Thursday. “As the need for housing continues to grow, this program helps create valuable housing assets that strengthen our community.”
The Durfee Block Apartments in Fall River and the Whittenton Mill Apartments in Taunton were chosen to receive the HDIP funding. Officials said Durfee Block will get $1.5 million for the “adaptive reuse” of the historic building, which will create 22 new rental homes. Whittenton Mill will be demolished and rebuilt into 390 rental homes with $3.8 million in funding.
See more at wpri.com.
