A communication from the Executive Office of Housing and Livable Communities (see Section 4 of Chapter 40V of the General Laws) submitting its Housing Development Incentive annual report for fiscal year 2025

Housing Development Incentive Program

(HDIP)

FY25 Statutory Report through 12/31/24

Total # of

Total # of Affordable Range of # of # of Affordable Total Qualified Fiscal Year in Anticipated

Projects That Received Certification Total # Market Units (60% Market Studio # of one- # of two- # of three- For-sale Units Project Which Credit Will Calendar Year of

in FY25 Municipality Site Address Project Sponsor of Units Rate Units* AMI)** Rents Units*** bedrooms*** bedrooms*** bedrooms*** (80% AMI) Expenditures be Issued***** Project Completion

204 Main Street Worcester 204 Main Street The Menkiti Group 20 18 2 $1,360-$2,758 4 10 6 0 0 $ 11,400,000 2027 2026

MM Rhodes (aka 12 Porter Street) Taunton 12 Porter Street 12 Porter Street Development LLC 28 28 0 $2,400-$3,300 0 6 6 16 0 $ 15,955,000 2027 2026

193-197 Union Street New Bedford 193-197 Union Street One Circle Holdings LLC 45 36 0 $1,407 - $2,467 5 20 20 0 0 $ 19,950,000 2028 2027