Massachusetts affordable housing for lowest-income households in dire straits: Report
“Some 25 Massachusetts cities and towns risk losing all of their subsidized housing by 2025, a new report from the Federal Reserve Bank of Boston says. That is because of the likely expiration of subsidies and the expected conversion of subsidized housing to market rate. The Fed report analyzed federal data surrounding what are defined as extremely low-income households—those with a total annual income at or below 30 percent of the area median income.”