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Massachusetts' economic boom puts pressure on housing costs

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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...

Soaring housing prices a growing concern

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...

Hundreds protest in Oakland over deadly Virginia rally

Published: Thursday, August 24, 2017 @ 4:03 PM By: Debbie Lord, Cox Media Group National Content Desk Updated at 9:30 p.m . with National Hurricane Center reclassifying the storm as a Category 4 hurricane. The National Hurricane Center has upgraed Hurricane Harvey to a Category 4  storm -- a major hurricane that will cause “catastrophic” damage. The storm was upgraded hours before it was to make landfall along Texas’ Gulf Coast. According to the Saffir- Simpson Hurricane Wind Scale , sustained winds in a storm of that size would be between 130-156 mph. Winds can blow at that level for many hours. Wind gusts will be much higher. What is a Category 4 hurricane and what can happen when it makes landfall ? Here’s a quick look. First, what is a hurricane? A hurricane is a rotating low- pressure weather system .The system is born as an area of disturbed weather usually in the Atlantic Ocean. If the conditions are right, the system organizes thunderstorms to create a sort of heat pump t...