The Trump Administration released its fiscal year 2020 (FY20) budget proposal today, with more specific numbers expected early next week. The current version includes a request for $44.1 billion in discretionary funding to the Department of Housing and Urban Development (HUD), an $8.7 billion or 16.4 percent decrease from current funding levels.
From Multi-Housing News:
MassHousing has closed on $38.7 million in affordable housing financing to non-profit Inquilinos Boricuas En Accion Inc. (IBA). In partnership with the Boston Housing Authority, the organization intends to use the capital for the rehabilitation and preservation of West Newton Apartments, a 146-unit public housing community in Boston’s South End. Contractor Bilt-Rite Construction, Davis Square Architects and Management Agent Maloney Properties are also part of the redevelopment project.
146 Boston Housing Authority (BHA) public housing units will remain affordable for at least the next 99 years thanks to a $47.2 million project in partnership with nonprofit community development organization Inquilinos Boricuas en Acción (IBA).