Funding Landscape & Transparency
A comprehensive overview of available funding programs, tax credits, and partnership opportunities supporting the F.R.E.E. initiative.
Housing Development & Capital Programs
Housing Development Incentive Program (HDIP)
$30M annual capTax credits for market-rate housing in Gateway Cities like Fall River.
Fall River received $15M recently
MassHousing Workforce Housing Initiative
Financing for workforce housing up to 110% AMI. Pre-development loans available.
Pac10 Lofts: $5M
Federal Home Loan Bank AHP
Up to $1M per applicationGrants and subsidized loans for affordable housing projects.
Opens June 1, 2026, due July 16
Historic Tax Credits
State and federal credits for rehabilitation of historic structures.
Pilgrim Mills eligible; Pac10 received $2.5M state + $28.8M LIHTC
HUD Emergency Solutions Grant (ESG)
Fall River CDA: $3.87M FY2026Federal funding for transitional housing, rapid rehousing, and homelessness prevention.
Business & Workforce Funding
WOTC (Work Opportunity Tax Credit)
40% of first $6,000 in wages = $2,400 per employee. Up to $9,600 for veterans.
CDBG (Community Development Block Grant)
Fall River CDA: $3.87M allocationFederal funding for community development activities benefiting low/moderate-income persons.
MassHire Bristol County Workforce Board
Justice Reinvestment Employment Grants for workforce programs serving returning citizens.
Re-Entry Works Fund (Bill H1854)
Proposed state legislation creating dedicated funding for reentry employment programs.
Currently in legislative review — watch for updates
Tax Credit & Incentive Tools
New Markets Tax Credits (NMTC)
MA received $138M in allocations39% federal tax credit over 7 years for investments in qualified low-income communities.
LIHTC 9% and 4%
Low-Income Housing Tax Credits for affordable housing development. 18–24 month process.
Pac10 used $28.8M in LIHTC
Interested in partnering with F.R.E.E.?
We welcome conversations with funders, developers, nonprofits, and government agencies.
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