The Senate’s approval of a housing bond bill Thursday gave the green light for funding at least 17,000 new housing units in the commonwealth, one affordable housing expert says.

The Senate Ways and Means Committee proposal would authorize $1.8 billion in bonds for affordable housing programs, with almost a third dedicated to the “production and preservation” of public housing.

A number of affordable housing proposals await approval from the state, making the funding’s approval critical,…

Source: http://feeds.bizjournals.com/industry_21