Affordable Housing Trust Fund
Maple Ridge in Tyngsborough received $687,852 from the Affordable Housing Trust Fund for Phase II of the project, which created 24 affordable rental units.
The Massachusetts Affordable Housing Trust Fund (AHTF) provides resources to create or preserve affordable housing. MassHousing administers the AHTF on behalf of the Massachusetts Department of Housing and Community Development.
Funds are available for rental, homeownership and mixed-use projects as well as housing for the disabled and homeless, but may be applied only to the affordable units.
In addition, the AHTF has funds for other purposes:
- $2.5 million to fund pre-development activities, administered by the Community Economic Development Assistance Corporation
- Up to $5 million annually to support public housing modernization, administered by DHCD
- The Department of Mental Health Danvers State Hospital Housing Fund, which assists in the development of permanent housing for DMH clients in the DMH North East Area
To learn more about the Affordable Housing Trust Fund, visit our rental business portal, www.masshousingrental.com