Project will help create affordable housing and jobs

October 20, 2011

LUNENBURG — Continuing their investments in infrastructure, job creation and local communities, the Patrick-Murray Administration today joined State Senator Jen Flanagan and State Representative Jen Benson to announce funding for phase II of the TriTown Landing affordable housing project in Lunenburg. The project is part of a $64.5 million statewide investment in expanding affordable housing options and creating construction jobs across Massachusetts.

Great Bridge Properties will receive $439,475 in federal low-income housing tax credits and $1,465,000 in DHCD housing subsidies to create 33 additional affordable units for families, including at least four reserved for extremely low income families. It is expected to create 37 jobs.

"I am proud to support public-private partnerships that advance construction projects like this one in Lunenburg to put people to work and contribute to the economic vitality of our communities ," said Governor Deval Patrick. "We want Massachusetts to be a place where people put down roots, raise their families and do business, and that's why expanding affordable housing opportunities remains a top priority."

"I am very thankful to the Patrick Administration for recognizing the importance of this project in Lunenburg," said Flanagan. "Lack of unemployment and affordable housing for families is a problem here in North Central Massachusetts and across the Commonwealth. This project will help alleviate pressure on both fronts."

"I am thrilled to support this investment in housing infrastructure. This public-private partnership will help keep communities and families strong by providing more housing options and greater employment opportunities. The Patrick-Murray Administration should be commended for their unending commitment to working families across Massachusetts," added Representative Jen Benson.

Since the beginning of their first term, Governor Patrick and Lieutenant Governor Murray have worked with the Legislature and Congress to direct close to $700 million in federal and state tax credits and state housing program subsidies to projects that improve the state's affordable housing stock, create jobs and build stronger communities. These investments have generated more than 14,000 jobs and 10,000 housing units, 9,000 of which are affordable.