Governor Healey Announces $18 Million in Housing Development Awards to Create 288 Units in Gateway Cities

Governor Healey Announces $18 Million in Housing Development Awards to Create 288 Units in Gateway Cities 

Increased funding is a result of Governor Healey’s tax cuts package  

$72 million total awarded in 2024 to create 1,500+ housing units 

FITCHBURG — Today, Governor Maura Healey announced $18 million in Housing Development Inceptive Program (HDIP) awards to create 288 total new units in six Gateway Cities across the state.  

These awards close out the third and final competitive HDIP application round of 2024, which saw a record number of new homes created since Governor Healey increased HDIP from $10 million to $30 million a year with a one-time infusion of $57 million as part of her $1 billion tax  cuts package that she signed in October 2023. As a result, the administration awarded a total of $72 million to create 1,544 new housing units in Gateway Cities in 2024. 

“The HDIP Program has been a proven success in building more reasonably-priced housing in Gateway Cities across the country. We were proud to expand this program as part of our historic tax cuts package, and we’re thrilled to see this funding being put to work across the states,” said Governor Maura Healey. “Together, we’re making it more affordable for people to live in their communities while also attracting more business, industry and culture to our incredible Gateway Cities.”  

“These awards represent this administration's continued commitment to meeting today's housing demands and meeting them quickly,” said Lieutenant Governor Kim Driscoll. “This funding brings a significant impact to cities across the state and goes a long way toward making Massachusetts a more affordable place to live, work, start a family and build a future.” 

“I’m grateful to Governor Healey and Lieutenant Governor Driscoll for directing critical investments through the Housing Development Incentive Program, a game-changer for Gateway Cities like Fitchburg,” said Congresswoman Lori Trahan. “This program helps create much needed market-rate housing, drives economic growth, and breathes new life into our downtowns. While Washington threatens to pull back on federal housing support, Massachusetts is charting a better course by investing in solutions that deliver real results for working families.” 

The announcement was made alongside local elected officials, housing developers, and awardees at 347 Main Street in Fitchburg, an eight-unit housing development and previous HDIP award recipient. The project’s developer, Prime Real Estate Investment, is one of the two recipients in this funding round to create mixed-use developments in downtown Fitchburg. 

“Our Gateway Cities have always been vital hubs and the future of Massachusetts depends on their continued economic success,” said Housing and Livable Communities Secretary Ed Augustus. “The funds awarded to these 10 projects today are crucial to jumpstarting housing production that will make our state more affordable for everyone and ensure these cities keep thriving.” 

HDIP is a tool for the state’s Gateway Cities to produce more market rate housing to support economic development, expand the diversity of the housing stock and create more vibrant neighborhoods. The HDIP awards are one part of the Healey-Driscoll Administration’s comprehensive approach to housing, which includes the $5.12 billion Affordable Homes Act, implementation of the MBTA Communities Law, increases to the Low-Income Housing Tax Credit and the work of both the Housing Advisory Council and the Unlocking Housing Production Commission. 

Below are the 10 awardees: 
 

633 Main – Fitchburg 

Sponsor: Prime Real Estate Investment  

HDIP award: $1,059,000  

Total units: 16 
 

329 Main – Fitchburg 

Sponsor: Pprops Development 

HDIP award: $440,000 

Total units: 8 
 

174 Lyman – Holyoke 

Sponsor: C Elliott Developers LLC 

HDIP award: $952,000 

Total units: 14 
 

Cahoon Commons – Hyannis  

Sponsor: Jake Dewey 

HDIP award: $600,000 

Total units: 8 
 

Spartan Cleaners – Hyannis   

Sponsor: Spartan Cleaners Realty LLC 

HDIP award: $2,500,000 

Total units: 46 
 

Mass Mills Boiler Building – Lowell  

Sponsor: Mullins Company 

HDIP award: $2,500,000 

Total units: 65 
 

Mass Mills Main Power Building – Lowell 

Sponsor: Mullins Company 

HDIP award: $2,500,000 

Total units: 30 
 

The Emery – Lowell  

Sponsor: Heritage Properties 

HDIP award: $2,500,000 

Total units: 37 
 

38 Norman – Salem  

Sponsor: Kinvarra Capital 

HDIP award: $2,250,000 

Total units: 20 
 

One Exchange – Worcester  

Sponsor: CMK Development Partners 

HDIP award: $2,300,000 

Total units: 44