First-time buyer? Check out ONE Mortgage

Board of Directors

MHP is governed by a seven-member board of directors appointed by the Governor that includes two cabinet secretaries or their designees, and three nominees of the Massachusetts Bankers Association.


The board of directors of the Massachusetts Housing Partnership (MHP) meets bimonthly. The board’s Executive Committee meets on opposite months to approve loans and conduct other routine business. All meetings are posted and open to the public.

Agenda and Schedule Meeting Minutes


Board Members

Christopher Oddleifson, Chairman

Christopher Oddleifson


CEO, Rockland Trust Company

Christopher Oddleifson is the Chief Executive Officer of Rockland Trust Company and the President and Chief Executive Officer of its parent, Independent Bank Corp. Rockland Trust, a full service commercial and retail bank, serves nearly 250,000 customers with over 1,100 employees. Rockland Trust has $7.7 billion in assets, $2.9 billion in assets under management and 100 retail branches and other offices located in Massachusetts and Rhode Island.

Active in industry and community affairs, Mr. Oddleifson is the Chairman of the Massachusetts Housing Partnership, the Chairman of South Shore Hospital, and is a director of the South Shore Health System. He recently ended his term as a member of the Boston Federal Reserve Bank Community Development Institution Advisory Council and also completed ten years as a member of the Old Colony Council’s Boy Scouts of America Board of Directors. Mr. Oddleifson has served as Chairman and a member of the United Way of Greater Plymouth County Campaign Cabinet. In addition, he has served as Chairman and Board member of the Cape Cod Community College and the Massachusetts Bankers Association.

Previously, Mr. Oddleifson was the President of First Union Home Equity Bank, a national banking subsidiary of First Union Corporation, and the Executive Vice President, responsible for Consumer Banking, for Signet Bank in Richmond, VA. He has also worked as a management consultant for Booz, Allen and Hamilton.

Mr. Oddleifson holds a Bachelor’s Degree in Mechanical Engineering from Cornell University and a Master’s Degree in Business Administration from the Wharton School at the University of Pennsylvania.

Vincent Manzi, Vice Chairman

Vincent Manzi

Vice Chairman

Partner, Manzi, Bonanno & Bowers, Methuen, MA

Vincent C. Manzi, Jr., is vice chairman of the MHP board. He is a partner in the law firm of Manzi, Bonanno & Bowers in Methuen and serves in a leadership role in many community organizations in the Merrimack Valley.

He graduated from Villanova in 1971 with a bachelor of arts degree in political science and a law degree from Suffolk University in 1974. He joined his family’s law practice in 1974 and formed the firm of Manzi and McCann in 1980. His area of practice is primarily real estate development and corporate representation.

He is presently serving on numerous community organizations including the Merrimack Valley Economic Development Council as treasurer and director, the Greater Lawrence Community Boating Program and director of the SRO Board of the Merrimack Valley YMCA. His former affiliations include director of Central Catholic High School, Trustee of the Lawrence General Hospital and director of the Lawyers Clearinghouse on Affordable Housing.

John Heerwagen, Secretary & Treasurer

John Heerwagen

Secretary & Treasurer

Chairman & CEO, Middlesex Savings Bank

John R. Heerwagen is Chairman and Chief Executive Officer for Middlesex Savings Bank. Headquartered in Natick, Massachusetts, Middlesex Savings Bank is the second largest mutual bank in Massachusetts, and the sixth largest mutual bank in the country, with assets exceeding $4 billion and 31 branch locations.

Heerwagen began his career at Middlesex Savings Bank in 2002 as Senior Vice President and later as First Executive Vice President, responsible for much of the bank’s activities, including retail lending, loan operations, credit administration, legal compliance, community relations and retail investments. He was named President in 2006 and Chairman and CEO in 2007.

Heerwagen began his banking career in 1979 as a Director and then Deputy Commissioner of Banks, Massachusetts Division of Banks. He then served as Director of Corporate Affairs and Bank Operations for the Savings Banks Association of Massachusetts. Prior to joining Middlesex, he served in executive roles at Andover Bank and First Mutual Bank.

Heerwagen has served on a variety of committees and boards. He is a current member of the 495/MetroWest Corridor Partnership Board of Directors and the Government Relations Council of the American Bankers Association. From 1999 to 2008, he was member of the Massachusetts Bankers Association’s State Legislative and Regulatory Affairs Committee, and served as its chairman from 2004 to 2006. From 1986 to 1996, he was a member of the Massachusetts Mortgage Bankers Association (MMBA) Board of Directors. He was chairman of the MMBA board in 1994 and served at other times as its secretary, treasurer and vice chairman. At the local level, he has served as treasurer of the Sudbury Housing Authority and as a member of the Natick Strategic Planning Oversight Committee.

Heerwagen is a graduate of Princeton University and has a master’s degree in community and regional planning from Harvard University.

John Clancy Jr., Board Member

John Clancy Jr.

Board Member

Chief Executive Officer, Enterprise Bank

John (Jack) P. Clancy Jr. is Chief Executive Officer for Enterprise Bank. Headquartered in Lowell, Massachusetts, Enterprise Bank has $1.4 billion in assets and 18 branches located throughout the Merrimack Valley, North Central Massachusetts, and Southern New Hampshire.

Clancy began his career at Enterprise Bank in 1988 as Chief Financial Officer and Treasurer and later became Chief Operating Officer. He was named Chief Executive Officer in January 2007.

Clancy is a lifelong resident of the Greater Lowell area with personal ties to many of the communities his bank serves. He graduated summa cum laude from the University of Lowell (now UMass Lowell) and has successfully completed the Harvard Business School's Advanced Management Program.

Chrystal Kornegay, Board Member

Chrystal Kornegay

Board Member

Undersecretary for Housing and Community Development, Executive Office of Housing and Economic Development

Chrystal Kornegay was sworn in as Undersecretary in the state’s Executive Office of Housing and Community Development (DHCD) under Governor Charlie Baker in January 2015. In her role, she is in charge of overseeing a department that provides leadership, professional assistance and financial resources to promote safe, decent affordable housing opportunities, economic vitality and sound municipal management across the Commonwealth.

Previously, Kornegay worked for 11 years in a variety of roles at Urban Edge, a Roxbury-based housing nonprofit. In 2011, she was named president and CEO of Urban Edge. Active on many local boards and community organizations, she has played a key role in solidifying Urban Edge’s reputation as an important resource in the community as well as influencing the broader community development agenda.

A native of Brooklyn, N.Y., she is a 2012 graduate of the Achieving Excellence Program at the Harvard Kennedy School, holds a master’s degree in city planning from the Massachusetts Institute of Technology, and a bachelor of arts from Hunter College. Prior to Urban Edge, she worked for the Community Builders as a real estate director.

Alicia Sasser Modestino, Board Member

Alicia Sasser Modestino

Board Member

Associate Professor of Public Policy and Urban Affairs and Economics, Northeastern University; Associate Director, Dukakis Center

Dr. Alicia Sasser Modestino is an associate professor with appointments in the School of Public Policy and Urban Affairs and the Department of Economics at Northeastern University. Previously, Modestino was a senior economist at the Federal Reserve Bank of Boston where she lead numerous research projects on regional economic and policy issues for the New England Public Policy Center. In that role, she frequently advised policymakers and business leaders and testified on key pieces of legislation related to labor market policies. Her work has appeared in journals such as Regional Science and Urban Economics, Journal of Human Resources, and Health Affairs and has been presented at the annual meetings of the American Economic Association.

Modestino holds both a master’s degree and a Ph.D. in economics from Harvard University, where she also served as a doctoral fellow in the Inequality and Social Policy Program at the Kennedy School of Government.

Rachel Madden, Board Member

Rachel Madden

Board Member

Undersecretary (designee for Secretary Kristen Lepore), Executive Office for Administration and Finance

Rachel Madden serves as Undersecretary for the state’s Executive Office for Administration and Finance. As undersecretary, she provides daily support to Administration and Finance agencies and works directly with the A&F Secretary Kristen Lepore on current policy initiatives and reforms. She joined the office in January 2015 after serving for seven years as the Chief Financial Officer and Director of Administration and Finance for the Massachusetts Water Resources Authority (MWRA). She began at the MWRA in 2006 where she also served as Acting Treasurer for a number of years and Budget Director.

She has held several senior management positions within the Commonwealth’s Registry of Motor Vehicles, Executive Office of Health and Human Services, and the Department of Revenue, and also spent the early part of her career at the Executive Office for Administration and Finance.

Rachel holds a Bachelor of Arts degree from the University of Rochester.