FY20 Housing Priorities
In 2018, Mayor Walsh updated the Housing a Changing City: Boston 2030 plan that lays out a series of housing goals that address Boston's growing population. This year's budget supports the Mayor's commitment to create and preserve affordable housing, end chronic homelessness, and support homeowners and renters.
A targeted increase in the Room Occupancy tax that covers all lodging like hotels, motels and short term rentals will generate $5M annually for the City and will be directly reinvested into housing programs. This will allow the city to make considerable new investments in homeless services, affordable housing creation, and tenancy preservation.
In the first year, the City is committing $4 million towards creating permanent supportive housing that result in 50 new units of permanent supportive housing. The City will also add $1 million to create stable housing pathways for youth and young adults experiencing homelessness in Boston. This investment is on top of a $4.9 million Youth Homelessness Demonstration Program grant from HUD.
In 2018, the City took an aggressive but necessary step to increase its target for new housing units that need to be created by 2030 from 53,000 to 69,000. 79% of the City’s target is completed, under construction, or in the City's development review and permitting pipeline. 20% of new units are set aside for low, moderate, and middle income households.
The FY20 budget will help get the City the rest of the way there with programs including the expansion of the Additional Dwelling Unit (ADU) Loan Program. This program enables owner-occupants to carve out space within their homes to create smaller, independent units.
Progress Toward Housing 2030 Goals
Goal: 69,000 units built by 2030.
Supporting Boston’s residents is key to keeping the City strong and thriving. The FY20 budget makes investments to support residents, whether they are renters, homeowners, new to the city, or have lived here their whole lives. These investments include:
- Marketing for Affirmative Fair Housing
- New resources to connect people to resources and legal assistance to navigate Housing Court
- More supports to help residents purchase, improve, and keep their homes through the Home Center
- Funding to expand the successful Integenerational Homeshare Program, which matches older adults with extra room with a responsible young person.