Massachusetts to Invest $5 Billion in Affordable Housing

State officials say they hope the investment will ease a 200,000-unit housing shortfall.

The Prudential Center and the Boston skyline on March 20, 2020. Maddie Meyer/Getty Images

Massachusetts Gov. Maura Healey has signed a $5.16 billion housing bond bill, which she said is the largest investment toward housing production in the state’s history.

Dubbed the Affordable Homes Act, the bill is expected to help ease Massachusetts’ housing shortage by building and saving more than 65,000 homes across the state over the next five years.