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Increasing Affordability and Promoting Equity

The FY25 Budget invests in affordability and equity across the City.

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Fostering Housing Affordability

The FY25 budget includes the creation of a new Planning Department. After 70 years of being an external function, planning for the City’s neighborhoods will be brought in-house and held to the same accountability as the City’s other departments. This historic change is part of an effort to ensure a more equitable Boston.

In addition to the new department, the FY25 Operating Budget has a $2 million seed investment in the Mayor’s Office of Housing’s Acquisition Opportunity Program (AOP). The AOP provides financial assistance to both nonprofit and for-profit developers to purchase market rate rental properties and convert them into income-restricted housing. The Mayor’s Office of Housing also received a $1 million investment to continue financial and legal assistance for renters facing eviction and to incorporate additional strategies into their existing home repair programs.

34 East Springfield St, affordable housing community for Veterans
34 East Springfield St, a vacant 4-unit BHA property was converted to deeply affordable housing for veterans

Equity and Economic Opportunity

This budget increases the Equity and Inclusion Cabinet budget by $1 million — building on our administration’s commitment to transform City policies and programs so every resident can access City services and thrive, across every neighborhood. This investment will:

  • advance our reparations work
  • support individuals who need gender affirming identity documents
  • launch an equity study to learn how we can continue to support our Black men and boys, and
  • provide additional translation and interpretation services to residents accessing City services.

The budget will also include $6.8 million in the newly created Office of Workforce Development (OWD) to support programs oriented towards job training and skill development, including Boston Saves, the Center for Working Families, Youth Options, and PowerCorps Boston. OWD was previously housed in the Boston Planning and Development Authority.

Pride Kickoff Event in 2022. People gathered in City Hall Plaza
Pride Kickoff 2022 at City Hall Plaza

Learn More About The Budget

FY25 Executive Summary
FY25 Operating Budget
FY25 Capital Budget
FY25 Featured Analyses
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