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The Trust approved up to $1 million to support affordable housing development, with two awards capped at $500,000 each for underutilized or blighted properties in the Route 28 Economic Corridor. Funds must be used within 12 months of an award.
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The funding will support projects that create affordable housing on underused or deteriorated properties along the Route 28 Economic Corridor. The Trust also approved up to $25,000 to convert 282 Winslow Gray Road from an affordable rental unit into an affordable home, subject to specified financial conditions. Additional funds were approved for mixed-use analysis and program administration.
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