Massachusetts Launches Move-In Mass Pilot Program to Lower Housing Costs
What happened
State housing officials in Massachusetts launched the Move-In Mass pilot program in Sturbridge. The program aims to make starter homes more affordable by encouraging modular and CrossMod construction methods. MassHousing will provide $10 million to three sponsors to build 20 homes under the pilot. These funds are offered via interest-only loans, with a substantial portion returned when the homes are sold.
Why it matters
The initiative is designed to lower the cost of building homes and speed up construction times in Massachusetts. By supporting first-time homebuyers with down payments and increasing housing supply, the program seeks to make homeownership more attainable.
Maura Healey supports a ballot question in Massachusetts while local groups back a housing initiative in Berkshire County.
Who's involved
- Maura HealeyGovernor of Massachusetts who announced the Move-In Mass pilot program.
- MassachusettsThe state where the housing pilot program is being implemented.
- Chrystal KornegayExecutive Director of MassHousing, the agency providing the pilot program financing.
Keep exploring
The entities involved
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Maura Healey
73rd governor of Massachusetts (born 1971)
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Massachusetts
state of the United States of America
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