Cities and towns across the state are waiting anxiously for the federal government to turn on the spigot to let $100 million in stimulus money aimed at creating thousands of construction jobs and 1,500 housing units start gushing into the Bay State’s parched economy.
Affordable housing developers are eager to apply for the $110 million in federal funds awarded to Massachusetts last month to ignite projects that were sidelined by the busted tax-credit market. The state estimates the projects will generate 2,100 construction jobs.
“We think it’s pretty significant. The No. 1 reason is the jobs component,” said David Price, head of Nuestra Comunidad Development Corporation in Roxbury.
Source: Boston Herald