The planned Meshacket Commons housing complex in Edgartown this week became one of 27 affordable housing projects across Massachusetts to receive direct subsidies and state and federal tax credits from the Healey-Driscoll administration.

The project was awarrded $4.5 million in state funding and $1.5 million in state housing credits.

The state announced $246 million in funding for affordable housing Thursday, a follow-up to Governor Maura Healey’s campaign commitment to addressing rising housing costs throughout the state. Meshacket Commons, a joint project between Affirmative Investments and nonprofit Island Housing Trust, would be one of the first affordable housing projects built in Edgartown in decades.

This past January, the town zoning board of appeals approved the 36-unit development with little discussion.

“Today’s awards set in motion 27 innovative, mixed-use projects that will build and preserve nearly 1,600 affordable units across every region of our state,” Governor Healey stated in the release. “These are the types of projects that our Executive Office of Housing and Livable Communities will be driving in close collaboration with local, federal and private sector partners to address our housing crisis.”

Island Housing Trust executive director Philippe Jordi said the funding amounts were subject to change based on the Meshacket's timeline. The nonprofit is also applying for $22.3 million in another application.