The short answer is yes. Heat pumps do not create heat they just move heat around. Even in cool weather they can be two to three hundred percent efficient. So for every BTU of electric power you put in them you get 2 to 3 btus of heat out. This works for both heating and cooling. Your stardance is always going to be less than 100%, probably 85 to 90%. Note heat pumps come in all sorts of configurations, the one in the photo is a ductless heat pump or frequently called a minisplit. There are other types of heat pumps that heat and cool air and pump it around in ductwork and they typically are far less efficient and switch to electric backup heat when the temps get near freezing. My assumption is that your association is looking at minisplits set up for cold weather heating. They are usually referred to as cold climate heat pumps or cold climate minisplits.
Mini splits are an electrical appliance much safer than a gas fired appliance, in theory home owners insurance might drop if all the units switch. There are trade offs, minisplits warm air and move it around with a fan. Most people have to run the heat higher than with a radiant source like a gas stove. There is no cuddling up around the minisplit
. The other trade off is when you need the heat the most in very cold weather minisplit peformance starts to drop and eventually gets down to about what electric heat costs. In very cold climates they may shut off typically around minus 12F so probably not a worry in the Boston area. Boston doesnt really get a lot of super cold snaps and when the temps are in the 20s to 60s the heat pump is in its most efficient range so your bills are much lower which offsets the cold snaps
The temptation is to undersize them to reduce initial cost but without a backup for cold weather, a home owner could be surprised that they cannot heat their house. A few electric space heaters can help but that brings up another question, does the building and each apartment have a big enough electrical service to supply power to all the minisplits in really cold weather along with the inevitable space heaters?. Especially in cold weather, minisplits are not instant heat, they are best set and forget, unlike a gas heater that heats up quick and can be turned off. For people who set back their heat with other fuels, its going to be a learning curve with a minisplit. Note if you do not have AC or have window units, minisplits cool quite efficiently far more than window units and are much quieter.
The other big aspect is the actual cost of fuel. Most of the electricity in new england is coming from gas fired powerplants and due to the war in Europe and other regional factors, natural gas is going to be incredibly expensive this winter so electricity will also be incredibly expensive. It up to you to do the math in which fuel, gas or electricity is the least expensive this winter. Mass is committed to switching to renewable electricity, right now its in the 30% range with 35% the goal in 2030. Great idea but right now the subsidies being paid for renewables are being piled onto electric bills. This is not the issue with gas so even though it my be less efficient by far, cost wise it may be equal or less although both gas and electricity are both going to be very expensive this winter barring a big change in Europe.
The final thing is if the power goes out, your heat is gone until the power is back on, unless you have a very large generator, you probably can not run minisplit with it as it could draw too much power. With a gas stove, its highly unlikely the gas will be off when the electric power is off so you can still heat your house and maybe even heat up food to eat. If you are in an area with a lot of power outages its something to consider.
Mass pays out a rebate for installing these units and any dealer will have the details. They are best installed by pro and figure $4000 to $5000 installed cost for a 12,000 btu unit. Unless you have a very small condo you may need two or something called a multihead unit but the only way to be sure is for the dealer to do a manual J heat load calculation to make sure that you have enough heat in very cold weather. If the building has backup heat then I suggest a 12,000 btu unit but if the place is old and drafty you may need more.