Capital Improvement and Preservation Fund (CIPF)
The Capital Improvement and Preservation Fund supports the preservation and improvement of affordable housing in Massachusetts as affordability protections near expiration.
Funder: Executive Office of Housing and Livable Communities
Due Dates (Anticipated): June 2027 (Application deadline, projected)
Funding Amounts: State-funded; award size and terms vary by project and are not specified in public documentation.
Summary: Supports the preservation of affordable housing in Massachusetts by funding improvements for properties with expiring use restrictions or rental assistance contracts.
Key Information: All dates are projected; check the program page for official updates.
Description
The Capital Improvement and Preservation Fund (CIPF) is a Massachusetts state-funded program administered by the Executive Office of Housing and Livable Communities (EOHLC). Its primary purpose is to provide financial support for the preservation of affordable housing properties where affordability restrictions or project-based rental assistance contracts are nearing expiration. The program aims to maintain the availability of affordable housing by helping property owners make necessary improvements and ensuring that these units remain accessible to low- and moderate-income residents, preventing the loss of affordable units as contractual protections expire.
