Apartment Look

BOSTON (AP) — Massachusetts’ booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in the greater Boston area . The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric to the state. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. Advertisement “Safe and affordable housing is a cornerstone to the success of our commo...

The Bay State’s booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in Greater Boston. The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. “Safe and affordable housing is a cornerstone to the success of our commonwealth’s families, including access to job opportu...