Mass. To Spend $45M In Stimulus Funds On Housing

Massachusetts is planning to spend $45.5 million in federal stimulus funds on eight stalled affordable housing developments.

Gov. Deval Patrick said the infusion of cash will help create hundreds of jobs while reviving the projects.

The eight developments are located in Beverly, Framingham, Greenfield, Holliston, Springfield, and the Boston neighborhoods of Roxbury and Jamaica Plain.

State officials said the projects have been stalled by the lack of available equity in the low-income housing tax credit market.

The projects include the renovation of an existing 60-unit single room occupancy facility in Springfield and the construction of a 48-unit family development on Blue Hill Avenue in Roxbury.