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January 11, 2010 - (RealEstateRama) -- As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick and Lieutenant Governor Timothy Murray were in New Bedford today to announce that the state will invest $153.9 million in resources leveraged from various affordable housing programs, American Recovery and Reinvestment Act funds, and private investment to support 26 projects in 17 communities across the state. When completed, those projects will create or preserve 1,305 rental homes, 1,147 of which will be affordable to low-and moderate-income working families and individuals, including 144 units set aside for families transitioning to permanent housing from homelessness

$20M Transformation Provides New Rental Housing for Families in Dorchester. August 10, 2009 - (RealEstateRama) -- Mayor Thomas M. Menino and Department of Neighborhood Development (DND) Director Evelyn Friedman today joined the Dorchester Bay Economic Development Corporation (DBEDC), the Dudley Street Neighborhood Initiative (DSNI), and community members to celebrate the grand opening of Dudley Village Homes in Dorchester. In total, the project brings 50 much-needed affordable rental units for low-income residents in the Dudley Street Neighborhood Initiative (DSNI) core area. Mayor Menino said this five-building $20 million transformation of Dudley Street was made possible in part by a DND contribution of more than $2 million, and is subject to a 99-year land lease agreement with DSNI.

Executive Summary Details Focus on Workforce Housing; Continued Foreclosure Reclamation; Homelessness Reduction, Rental Housing Preservation

Investment expected to leverage $150 million to keep 9,000 homes affordable in Massachusetts