Market-Rate Housing Fixes More Than Just Apartments | New Bedford News

New Bedford News Today | 2 Min News | The Daily News Now! · Aug 19, 2026 · 1m

Massachusetts is tackling its housing crunch with a surprising twist: building more market-rate apartments. Through the Housing Development Incentive Program, cities like Fall River and New Bedford get tax credits to develop downtown units that might otherwise be unprofitable—revitalizing old buildings and attracting young professionals, teachers, and new businesses. This influx of residents boosts local economies, increases property values, and expands tax revenue for schools and public safety. While HDIP isn’t a cure-all for affordability, it’s a smart, community-strengthening piece of the…