MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $24.3 billion for affordable housing.
Tag: MassHousing
Financing in Place for the Redevelopment of a Dorchester Parcel Into 48 New Deeply...
A mix of public, private and grant financing is in place for the Jamaica Plain Neighborhood Development Corporation (JPNDC) to redevelop an underutilized Dorchester...
MassHousing and City of Boston Announce Closing of Financing for the Consolidation and Renovation...
MassHousing and the City of Boston announced the closing of financing to Affordable Housing and Services Collaborative, Inc. (AHSC) for the consolidation and renovation...
MassHousing Has Closed on $22M in Financing for the Redevelopment of Two Former Salem...
MassHousing Has Closed on $22 Million in Financing for the Redevelopment of Two Former Salem School Buildings into 61 New Affordable Rental Homes North...
Simon C. Fireman Community Cuts the Ribbon on 45 New Affordable Apartments South of...
Harvard Medical School affiliate Hebrew SeniorLife, New England's largest nonprofit provider of senior health care and living communities, celebrated its 45-apartment expansion of the...
MassHousing Has Closed on $8M in Affordable Housing Financing to MCO for the Development...
MassHousing has closed on $8 million in affordable housing financing to MCO & Associates, Inc., which is currently building 32 new mixed-income cottage-style rental...
Just A Start and Project Partners Break Ground for 52 New Street in Cambridge...
Just A Start and project partners celebrated the start of construction on 52 New Street, which will create 106 new rental homes for residents...
MassHousing and MHIC Announce the Opening of the Equitable Developers Fund
MassHousing and the Massachusetts Housing Investment Corporation (MHIC) announced that funding applications are now open for the Equitable Developers Fund (EDF). The $50 million Equitable...
MassHousing Arranges $50M in Financing for Substantial Property Improvements for the Clarendon Hill Towers...
Residents living at the 501-unit Clarendon Hill Towers Apartments in Somerville, Massachusetts near Cambridge will have affordable rents preserved and see approximately $13 million...
MassHousing Closes on $9.6M in Financing for the Renovation and Extension of Affordability at...
MassHousing has closed on $9.6 million in affordable housing financing to The Community Builders (TCB) for the renovation and extension of affordability at the...
The Michaels Organization and MassHousing Announce the Extensive Renovation of the 201-Unit Bergen Circle...
Mayor Domenic Sarno, The Michaels Organization, and MassHousing celebrated the completion of extensive renovations at the 201-unit Bergen Circle housing community in Springfield, Massachusetts. Michaels,...
MassHousing Financing Announces $94M in Refinancing for the Preservation of Affordability and Substantial Property...
MassHousing announced that residents living at the 432-unit Westminster Village Arms in Lowell will have their affordable rents preserved for the long term and...
MassHousing Has Closed on $5.8M in Affordable Housing Financing for the Redevelopment of the...
MassHousing has closed on $5.8 million in financing to Rees-Larkin Development, LLC, and Berkshire Housing Development Corporation, for the first phase of the redevelopment...
MassHousing is Providing $19.2M in Financing for 62 New Affordable and Workforce Rental Homes...
MassHousing is providing $19.2 million in affordable and workforce housing financing to Pennrose, LLC for the redevelopment of Cape Cod Five Bank’s former operations...
MassHousing Closed on $16.4M in Financing for the Development of 10 @ 8th Affordable...
MassHousing has closed on $16.4 million in affordable housing financing to Alinea Capital Partners for the development of 10 @ 8th, which will include...
Affordable Housing and Services Collaborative, Inc. Closes on Prospect Estates in Webster Massachusetts
Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, recently closed on Prospect Estates in Webster,...