Patrick-Murray Administration, Senator Donoghue, Representative Murphy Announce Funding For the Paige Apartments

MAY 09, 2012

(BOSTON, MA) – Wednesday, May 9, 2012 -- The Patrick-Murray Administration todayannounced $900,000 for the Paige Apartments in Lowell. The project is part of a $105 millionstatewide investment that will build or preserve 2,196 housing units and create an estimated3,000 construction jobs across Massachusetts."Creating affordable housing helps to generate jobs, grow local businesses and strengthen ourcommunities,” said Governor Patrick. “Government’s role is to help people help themselves, andinvesting in affordable housing will build a better Commonwealth for generations to come.”"Investing in affordable housing for our veterans, elderly residents and low-income familiesis critical to strengthening communities like Lowell and ending homelessness in theCommonwealth," said Lieutenant Governor Timothy Murray, Chair of the Interagency Councilon Housing and Homelessness. “By partnering with the state’s congressional delegation, we aredelivering greater resources and creating significant construction jobs right here in Lowell as weincrease our stock of affordable housing for families and individuals in Massachusetts.”The Caleb Foundation will use $900,000 in DHCD housing subsidies to rehabilitate a 10-unit apartment building to provide affordable housing for Youth Aging Out of the Foster Careprogram, known as the Paige Apartments. The project is expected to create two jobs.“I am very pleased to see that Lowell will be given these subsidies,” said Senator EileenDonoghue. “Our youth who age out of the foster care system should not be forgotten about.I think the Patrick- Murray Administration has done great work in the realm of affordablehousing.”"I am proud to be a part of the partnership that created more affordable housing and jobs for theresidents of Lowell." said Rep. Kevin MurphyThe $105 million investment includes more than $23 million in federal low-income housing taxcredits; $20 million in state low-income housing tax credits and $61 million in state and federalhousing program subsidies.Of the 2,196 units, 2,062 of which will be affordable to low and moderate income workingfamilies and individuals -- including 279 for extremely low-income families and individuals.Funding from today’s announcement will support projects in: Agawam, Amherst, Barnstable,Beverly, Boston, Brewster, Brockton, Brookline, Carlisle, Danvers, Easthampton, Hudson,Lawrence, Lowell, Ludlow, Newburyport, Orange, Orleans Paxton, Somerville, Springfield,Stow, Sudbury, Taunton, Truro, Westhampton, Worcester and Yarmouth.Since the beginning of their first term, Governor Patrick and Lieutenant Governor Murray haveworked with the state legislature and Congress to direct over $700 million in federal and statetax credits and state housing program subsidies to projects that improve the state's affordablehousing, create jobs and build stronger communities. These investments have generated morethan 14,000 jobs and 10,000 housing units; 9,000 of which are affordable.

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