8.B.4) Increase state funding for affordable housing development
State funding for affordable housing is lower than it was 18 years ago. According to the 2006 – 2007 Greater Boston Housing Report Card, the 2008 budget for Department of Housing and Community Development programs was $199 million, 23% less than it was in 1991 and only half the $410 million committed in 1989. A housing bond bill is needed every five years to ensure continued funding at appropriate levels. These bond bills must seek to restore historic levels of state support for housing production and preservation, and they must be accompanied by significant support via appropriation as well as bonding.
4.a The Legislature and Governor should provide $200 million to $250 million annually for housing development beginning in 2013
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