Massachusetts Affordable Housing Trust Fund
In 2000, GBIO responded to the growing housing crisis by launching a statewide campaign to reverse the Commonwealth’s 15-year-long divestment in funding for affordable housing.
GBIO collected 125,000 signatures on a petition calling on the state legislature to make new funding for affordable housing a top priority. A year of organizing and legislative advocacy led to the creation of the state’s Affordable Housing Trust Fund.
To date, $317 million dollars have been invested by this fund toward the creation of over 17,000 units of affordable housing across the state. Eighty four percent of these units have been affordable and have been sold to low-moderate income families.