Capital Improvement and Preservation Fund (CIPF)
Massachusetts Executive Office of Housing and Livable Communities
Massachusetts
Capital Improvement and Preservation Fund (CIPF) is a state funded program that provides funds for the preservation of expiring use properties or for properties with expiring project-based rental assistance contracts. It is a state bond funded program that seeks to preserve and improve existing privately owned, state or federally assisted affordable rental developments. Eligible properties include housing at risk of losing affordability restrictions due to the potential for the prepayment of its mortgage or housing in which a project-based rental assistance contract has expired.
Contact
617-573-1100
Funding Source
Dedicated funding stream - Interest on government accounts; Dedicated funding stream - Other
How Provided?
Development loans
Data Collected by Program
Income; Race; Ethnicity; Age