City of Framingham Experienced Significant Economic Growth in 2018
In 2018, the City of Framingham experienced significant growth, fueled in large part by housing and commercial development in the Downtown area. In total, 2 residential real estate projects broke ground, which will result in 466 units of new housing for the City. These new commitments build on a 16-unit project begun in 2017, which is nearing completion. This year, the City recorded more than $4 million in permit fees, a record number for Framingham. In addition to residential growth, portions of the city were designated an Opportunity Zone by Governor Baker's administration and the U.S. Department of Treasury. Additionally, the City received a Housing Choice designation from the Commonwealth of Massachusetts. Both programs allow Framingham to access new resources and opportunities for growth.
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