The Healey-Driscoll Administration released the Commonwealth’s FY26–FY30 Capital Investment Plan (CIP). This $16.6 billion five-year plan makes historic investments in housing production and preservation, and other age-friendly improvements.

The CIP further advances the Administration’s housing efforts with a $2.34 billion investment over five years, growing the overall portion of the CIP dedicated to housing from nine percent when the Healey-Driscoll administration took office to 14 percent today. Since taking office, this Administration has increased capital funding for housing by 71 percent and created new programs including HousingWorks, the largest and most flexible capital source for public infrastructure projects that support and accelerate housing production, spur private development, and create jobs.

These capital investments demonstrate the Administration’s commitment to addressing our housing challenges by delivering on the vision of the Affordable Homes Act and advancing the goals laid out in A Home for Everyone: Massachusetts’ Statewide Housing Plan. Together, we’re driving meaningful progress to lower costs, increase supply, expand access to homeownership, and preserve the affordable homes that our residents already rely on.

Notable housing investments in the FY26–30 CIP include:

• $622 million to support the suite of HousingWorks programs that offer flexible tools to support affordable housing development, preservation, and rehabilitation.
• $334 million to support the Affordable Housing Trust Fund(AHTF) to accelerate development of affordable units for households whose incomes are not more than 110% AMI, with most projects supporting households at or below 60% AMI.
  • Although not reflected in the CIP published online yesterday, HLC expects up to $20.5 million in additional funding for the Affordable Housing Trust Fundto be made available from one-time sources.
• $657 million to fund Public Housing investments that address critical repairs across the public housing portfolio through a combination of formula funding to local housing authorities (LHAs), targeted awards that address specific components, and ad hoc emergency repairs to mitigate health and safety issues.
• $15 million in Public Housing Accessibility to create or retrofit 12 public housing units into accessible units per year. Prioritizing accessible housing is extremely important since two-thirds of the portfolio houses lower-income older adults.
• $50 million for the Momentum Fund, a pioneering initiative designed to leverage state resources to support large scale, mixed-income multifamily development in a time where rising construction costs and high interest rates challenge the financial viability of these critical projects.
• $90 million to support several capital programs formerly supported by federal relief funds, including the Middle Income Housing Fund, which supports the development of rental and for-sale housing through new construction, rehabilitation, and adaptive reuse, the CommonWealth Builder Fund that aims to address the racial homeownership gap in Massachusetts, and the ONE+ Mortgage and MassDREAMS programs geared towards improving home ownership opportunities throughout the Commonwealth.
  • Although not reflected in the CIP published online yesterday, HLC expects up to $10 million in additional funding for ONE+ Mortgage and MassDREAMS to be made available from one-time sources.
• $7 million for new initiatives from the Affordable Homes Act, including funding to help create Accessory Dwelling Unit (ADU) Incentives and to support Seasonal Communities.
  • Although not reflected in the CIP published online yesterday, HLC expects up to $7 million in additional funding for ADU Incentives and Seasonal Communities to be made available from one-time sources.

Aside from Housing, there are other age-friendly investments, including:

• $53 million for regional transit authority (RTA) and local transportation provider vehicle and facility investments
• $182 million to the Department of Conservation and Recreation (DCR) to ensure parks, paths, and recreational locations are accessible to all residents
• $120 million for inter-agency Resilient Mass actions to adapt to future climate conditions and reduce the risks associate with flooding, heat, and sea level rise
• $27.7 million for Greening the Gateway Cities Program to increase tree coverage in urban residential areas and reduce heating and cooling energy use.
• Supporting Age-Friendly Grant programs, such as: Municipal ADA Grants, Community Compact Grants, MassTrails

To learn more, the full FY26–FY30 CIP is posted: https://budget.digital.mass.gov/capital/fy26