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The goal of the Affordable Housing Law (Chapter 40B) is to make at least 10% of every Massachusetts's community's housing stock affordable for moderate income households. As of June 30, 2011, 39 communities had met that goal. Details are available on the Department of Housing and Community Development (DHCD) Subsidized Housing Inventory.
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
However, Neville Place is able to receive money from the Affordable Housing Trust, as 57 of the 71 units at Neville Place must go to low or moderate income residents. In May 2023, the Affordable Housing Trust approved a loan of $2.5 million to the group Neville Communities Inc., which is the nonprofit which manages the Neville community.
Jul. 14—After nearly 13 years under Act 47, the state program for financially distressed cities, Reading is standing on its own. "Brighter days are here my friends," Mayor Eddie Moran told the ...
Volunteers of America (VOA) is a nonprofit organization founded in 1896 that provides affordable housing and other assistance services primarily to low-income people throughout the United States. Headquartered in Alexandria, Virginia , the organization includes 32 affiliates and serves approximately 1.5 million people each year in 46 states ...
YouthBuild Global is a non-profit organization that serves as headquarters for a network of more than 320 [1] local YouthBuild programs around the world. These programs provide education, job training and leadership development to opportunity youth — young people between the ages 16 and 24 who are out of school or out of work.
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The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
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