Governor Baker signed a $3 billion economic development bill into action, sending money to schools, hospitals, public transportation and affordable housing.

Boston Mayor Martin Walsh has launched a project aimed at rehabilitating affordable housing in Boston’s South End with the Boston Housing Authority and Inquilinos Boricuas en Acción, a community development organization.

First-time home buyers may face some financial relief thanks to a new program from MassHousing. The program will benefit these buyers by financing a down payment of 3 percent of the price they purchased the house for, or $12,000, whichever is less. Borrowers will later have to pay back the cost of the down payment with a low-cost secondary mortgage requiring no cash up front.