Smithfield
Real Estate
State doles out millions in funding for subsidized housing units. See where they are.
PROVIDENCE − A bevy of income-restricted housing projects, and apartments in market-rate projects, received promises of help on Thursday when RI Housing awarded millions in loans and tax credits valued at more than $100 million. Housing Secretary Stefan Pryor, chairing the meeting, said the 1,000 units financed is not "trivial." There will be another funding round for projects with applications open in the summer, with a pot of $10 million, including for site acquisition, pre-development, housing production...
Transfer tax would make small dent in housing needs statewide
( May 21, 2024 ) A proposed tax on high-value real estate transactions to pay for affordable housing would add an estimated 3,210 affordable homes in Massachusetts over five years, according to the governor's administration -- a drop in the bucket of the state's 200,000 housing unit shortage.
What can Massachusetts do about its housing crisis?
BOSTON – What can Massachusetts do about its housing crisis? Lt. Gov. Kim Driscoll joined WBZ-TV to discuss the quest for affordable housing in the state, and how the housing situation is impacted by an increase in migrants arriving at shelters in Massachusetts.MBTA Communities ActDriscoll weighed in on pushback Gov. Maura Healey's administration has received against the MBTA Communities Act, which mandates that cities and towns redo their zoning to allow for more multifamily housingDriscoll said she believes the pushback gets more headlines than the number of communities who agree to the plan. "The No. 1 issue people talk about...
OPINION: MBTA Communties Act will overwhelm communities like Ashland with apartments
There’s a 250-unit, five-story 40B apartment complex proposed for the mill buildings site at 10-60 Main St. in downtown Ashland. Everyone needs a place to live that they love and can afford. But the current architectural trend — Soviet bloc-style building design — is troublesome, especially in a small-scale town center. I do however, support well thought and responsible development.
Exquisite East Side Mediterranean Style Colonial Revival on Upper Elmgrove Hits Market for $1,695,000
612 Elmgrove Avenue | Providence, RI | 4 bedrooms, 3.5 bathrooms, 3,773 sq ft | offered by Jim DeRentis of Residential Properties Ltd. for $1,695,000. Step into elegance with this Mediterranean style Colonial Revival, perfectly situated on a corner lot in Upper Elmgrove. As you pass through the front gates and follow the charming garden path, you’ll be welcomed by a colonnade front entrance. Once inside, experience the essence of a European Villa.
Help preserve workforce housing, bolster Cape economy: Support local option transfer fee
The Cape and Islands are facing an affordable housing crisis that is shuttering our small businesses, damaging our public safety, education and health care and threatening our cherished way of life. There are solutions, and one of the most promising for communities like Nantucket, Provincetown, Chatham and the towns of Martha’s Vineyard — communities that desperately need the help and have asked for it now for years — is the passage of a small local option transfer...
Why is McKee rushing to have the state buy a Citizens Bank building? Here's what we found.
PROVIDENCE – While trying to convince legislators that the state can save millions of dollars on leases by purchasing a Citizens Bank-owned building in East Providence that's been on the market for at least two years, the McKee administration on Thursday acknowledged it had not looked at other properties. How much would...
Where new apartment buildings could pop up all over the South Shore due to a state law
The end of 2024 marks an important deadline for more than 100 Massachusetts municipalities to adopt zoning rules that make it easier to build apartments near public transportation. Those municipalities that are categorized as “commuter rail” or “adjacent communities” under the MBTA Communities Act must create at least one high-density zoning overlay district of a certain size that allows for development suitable for families. ...
Providence developer Buff Chace, cousins settle bitter legal dispute. What we know.
PROVIDENCE – The bitter legal dispute over the alleged mismanagement of a valuable trust that tore apart one of Rhode Island’s most prominent families has reached a settlement, according to lawyers involved in the case. Malcolm Chace IV, his siblings and their children sued their cousin, downtown Providence developer Arnold B. “Buff” Chace Jr., in 2021, seeking to have him removed as trustee of an $80-million-plus trust that Malcolm’s father, Malcolm “Kim” Chace III, left his heirs...
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