Governor Baker Announces $100 Million MassHousing Fund for Creation of Workforce Housing
Program Aims to Increase Rental Housing Opportunities for Households Earning 61% to 120% of Area Median Income
Governor Charlie Baker announced a new $100 million MassHousing fund for the creation of workforce housing, increasing rental housing opportunities for households earning 61% to 120% of area median income (AMI), who may have incomes too high for subsidized housing but are priced out of affordable market rents as housing costs in Massachusetts continue to rise.
“Making more affordable housing options available to working Massachusetts families deterred by rising rent expenses is essential to economic growth and development in communities throughout the Commonwealth,” said Governor Baker. “These working middle-income families are the foundation of our economy and talented workforce, and the creation of this $100 million fund by MassHousing will advance opportunities for them to thrive and prosper.”
"Opportunities for affordable housing are important to working families across the Commonwealth," said Lt. Governor Polito. "This fund along with our efforts to leverage state property for housing creation and economic development, will provide more options for our communities to grow and families to succeed."
Working cooperatively with the Baker-Polito Administration, MassHousing is committing $100 million in new resources designated for the creation of workforce housing throughout the Commonwealth, in addition to their support for resources serving very low and low-income households.
“MassHousing recognizes that many middle-income households are struggling with housing costs and the Agency felt it was important to create this fund for workforce housing,’’ said MassHousing Executive Director Timothy C. Sullivan. “We are committed to working with Governor Baker to increase affordable housing opportunities for low-, moderate-, and middle-income residents of the Commonwealth.’’
“This new workforce housing fund is the latest in a series of steps we’ve taken to advance housing production for all the Commonwealth’s residents,” said Housing and Economic Development Secretary Jay Ash. “Housing production is economic development, and by expanding the range of housing options for middle-income residents, we will unlock new economic growth across Massachusetts.”
“The Commonwealth’s partnership with MassHousing is a great example of how the state can leverage significant outside resources to multiply the impact of our contributions in key policy areas to maximize the return on our investments,” said Secretary of the Executive Office for Administration and Finance, Kristen Lepore. “The creation of this fund, when coupled with future strategic capital investments by the state, will induce additional private investment in the Massachusetts economy while providing critical support for hardworking middle-class families.”
MassHousing’s $100 million Investment for Workforce Housing:
Targets individuals and families with incomes of 61% to 120% of AMI.
Provides up to $100,000 of subsidy per workforce housing unit to create 1,000 new units of workforce housing statewide.
Leverages strategic opportunities to use state-owned land.
Consists of newly constructed units or refinancing of a housing community where new units of workforce housing will be created.
Remains consistent with development financing in MassHousing’s enabling statute ensuring that in addition to the workforce housing tier, at least 20% of the units in a financed development will be affordable to households at or below 80% of AMI.
Ensures workforce housing units will be deed restricted as affordable to households with incomes between 61% and 120% AMI for an extended period of time, generally 30 years or longer.
Increasing market rents present challenges for working families priced out of neighborhoods or spending more than the recommended 30% of their monthly income on housing expenses. A household would need to earn $100,000 a year to afford the median rent of $2,497 per month in the Greater Boston area, while the median income for a two-person household in the City of Boston is $78,500. A third of Boston metro area households fall within the income range of 61-120% of AMI
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $19 billion for affordable housing. For more information, visit the MassHousing website at www.masshousing.com, follow us on Twitter @MassHousing, subscribe to our blog, watch us on YouTube and Like us on Facebook.
Massachusetts Selected to Lead National Revolutionary Fiber and Textile Manufacturing Innovation Institute
Advanced Functional Fabrics of America, a Massachusetts nonprofit organized by MIT, will focus on the development of fibers that have extraordinary properties
The Baker-Polito Administration is pleased to announce that Massachusetts will serve as the national center for the nation’s first Revolutionary Fiber and Textile Manufacturing Innovation Institute.
Advanced Functional Fabrics of America (AFFOA), an independent nonprofit founded by the Massachusetts Institute of Technology (MIT), has been selected to run a new, $317 million public-private partnership announced today by US Secretary of Defense Ash Carter. The AFFOA-led project is part of the National Network for Manufacturing Innovation (NNMI), a federal advanced manufacturing initiative. Key participants in the project include MIT, the University of Massachusetts, Quinsigamond Community College, and fiber and textile industry partners throughout the Commonwealth. The institute also includes several other key public and private sector partners from across the nation, focused on a common goal of revolutionary fiber and textile manufacturing.
As part of the Commonwealth’s commitment to innovation in advanced manufacturing, the Baker-Polito Administration is pledging $40 million in matching funds to support capital projects at the Manufacturing Innovation Institute.
“Massachusetts’s innovation ecosystem is reshaping the way that people interact with the world around them,” said Governor Charlie Baker. “This manufacturing innovation institute will be the national leader in developing and commercializing textiles with extraordinary properties. It will extend our ongoing efforts to nurture emerging industries, and grow them to scale in Massachusetts to an exciting new field. And it will serve as a vital piece of innovation infrastructure, to support the development of the next generation of manufacturing technology, and the development of a highly skilled workforce.”
“Through this manufacturing innovation institute, Massachusetts researchers and Massachusetts employers will collaborate to unlock new advances in military technology, medical care, wearable technology, and fashion,” said Lieutenant Governor Karyn Polito. “This, in turn, will help drive business expansion, support the competitiveness of local manufacturers, and create new employment opportunities for residents across the Commonwealth.”
“The combination of public and private institutions leading this effort only reinforces Massachusetts as a national leader in innovation and education,” said Senate President Stan Rosenberg. “This innovation institute will grow our advanced manufacturing sector across the entire state while investing in emerging technology to grow jobs and businesses for our workforce.”
“I am incredibly proud of the House’s longstanding investments in manufacturing which I believe have helped make Massachusetts is a national leader in this dynamic sector,” said House Speaker Robert A. DeLeo. “The manufacturing industry will be a driver in employing residents of all skillsets, bringing together innovation industries with more traditional sectors, and spreading prosperity to all corners of the Commonwealth. I congratulate MIT, UMass and Quinsigamond Community College. I look forward to working with the Baker and Obama Administrations as we experience the incredible potential of this partnership.”
“Fibers and fabrics are among the earliest forms of human expression, yet have changed very little over the course of history,” said Professor Yoel Fink, director of MIT’s Research Laboratory of Electronics, and the director of AFFOA. “All this is about to change as functional fiber and yarn technologies meet traditional textile production and yield new products by design. Our Institute, with the help of significant support from the Commonwealth of Massachusetts, and with key participation by the Natick Soldier Research Development & Engineering Center, will become the focal point of innovation in manufacturing and product, realizing the vision of advanced functional fabrics for the benefit of consumers, as well as our men and women in uniform, generating economic growth in the state and beyond. MIT was honored to convene this consortium, building on our years of fiber research and development at the Institute for Soldier Nanotechnology, a U.S. Army industry/university cooperative research center on the MIT campus.”
The AFFOA Institute is a $317 million public-private research partnership focused on the development of new fibers and textiles with diverse uses. These new, innovative fabrics and fibers will have a range of technical capabilities and novel properties, ranging from being incredibly lightweight and flame resistant, to having exceptional strength, to storing energy, to enabling internet-connected consumer apparel.
The AFFOA Institute serves as the focal point for a national network of Institute member companies, universities, nonprofits, and government agencies conducting research and production of fibers that have new functionality, including that of fiber-based semiconductor devices. Within Massachusetts, AFFOA will lead the development of a rapid prototyping and testing center for revolutionary fibers and textiles manufacturing, and an education and workforce development program for these careers.
By fostering close collaboration between academic researchers and industry partners, the manufacturing innovation institute will foster the rapid deployment of these revolutionary new technologies by Massachusetts employers.
The University of Massachusetts will serve as a key partner in the innovation institute, applying the university’s technical expertise in flexible electronics and wearable technologies to advanced fibers and textiles.
Quinsigamond Community College will co-chair the AFFOA Institute’s workforce development council, to support education and training of a skilled workforce in revolutionary fiber and textile manufacturing in Massachusetts. The workforce development assets that Quinsigamond will develop will have statewide deployment capabilities.
“Well-paid advanced manufacturing jobs support residents and their families, while ensuring that Massachusetts remains on the cutting edge of technological growth,” said Housing and Economic Development Secretary Jay Ash. “Our support for workforce development across the Commonwealth, coupled with the investments we are making in a range of emerging technologies, will help Massachusetts remain on the forefront of advanced manufacturing, while providing employment opportunities for hard-working residents. By supporting the development and commercialization of emerging technologies, and developing cutting-edge workforce training programs in these new manufacturing technologies, we are equipping residents across Massachusetts with the knowledge and skills to manufacture products that can only be made in Massachusetts.”
“Advanced manufacturers find growth opportunities in the Commonwealth, and it continues to be one of our growing employment sectors,” said Labor and Workforce Development Secretary Ronald L. Walker, II. “We in the Baker-Polito administration are very aware that if advanced manufacturers are going to continue to expand in Massachusetts, they will need to be able to employ talented workers who have the skills they require. Therefore, we are focused on making sure education, economic development and the workforce system are in sync to meet employers needs so advanced manufacturers can continue to innovate, and strengthen the economy in the Commonwealth.”
“We are proud that MIT, the University of Massachusetts, and Quinsigamond Community College will be leading the nation’s first Revolutionary Fiber and Textile Manufacturing Innovation Institute,” said Education Secretary Jim Peyser. “This public-private partnership will help Massachusetts lead the way in a key emerging manufacturing field, and strengthen the important pipeline connecting education to industry.”
The National Network for Manufacturing Institutes (NNMI) is a rolling series of federally sponsored advanced manufacturing competitions. NNMI competitions seek to spur research into cutting-edge technologies that can be applied to advanced manufacturing processes across industry supply chains. Bidders in the competitions frequently form teams of universities across different states, with regional nodes supporting the lead bidder. The federal awards, which come from the Department of Defense, are leveraged several times over through a series of state and industry matches.
This is Massachusetts’s third recent NNMI win, and the state’s first national manufacturing innovation center under NNMI. Massachusetts previously secured regional manufacturing innovation institute nodes in photonics, and in flexible hybrid electronics. UMass Amherst is leading regional research and development efforts into flexible hybrid electronics. MIT and Quinsigamond Community College are partners in the regional photonics research effort, with Quinsigamond serving as the national workforce development lead for the photonics manufacturing innovation institute.
As part of this effort, the Executive Office of Housing and Economic Development will work closely with AFFOA’s academic and industry members to ensure that current and future investments by the Commonwealth support and leverage the federal investment in this cluster, and that the expertise of this innovation center is made available to industries throughout the state.