Housing Affordability

The FY26 budget continues prior years’ investments in housing affordability and stability.

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The FY25 budget included seed funding for the Housing Acquisition Fund. This created a revolving loan fund providing low-interest debt to preserve affordable housing. It also supports affordable mixed-use housing projects and the Acquisition Opportunity Program. The latter is an externally-funded program to help developers making multi-family dwellings affordable.

This fiscal year, the Housing and Planning Cabinets will continue that work. The FY26 budget also funds $42M of other core programming including:

efforts to modernize the city’s zoning code, anti-displacement initiatives,
down payment help, supportive housing programs, and
legal help for renters.

This budget also starts the Co-Purchasing Pilot Program. This program encourages co-ownership of multi family-homes for Boston residents. The Energy Savers Program will help Boston residents create more greener homes and reduce energy costs.

Finally, the FY26-FY30 Capital Plan will support the Boston Housing Authority. $124 million in funds will help redevelop the Bunker Hill, Mildred Hailey, and Mary Ellen McCormack sites.