MHP News

Employer-assisted homeownership program targets Worcester neighborhoods WORCESTER, August 3, 2005 --- In an effort to spark revitalization, increase homeownership rates and help local employees buy homes near their jobs, top Romney Administration officials today joined with UMass Memorial Health Care, the City of Worcester and other state and local leaders to announce an employer-assisted homeownership program aimed at the Bell Hill and East Side neighborhoods.

Opinion: Homeownership should not be sole barometer of housing success CAMBRIDGE, July 15, 2005 --- Nicolas P. Retsinas, Harvard University's director of housing studies and an MHP board member, has co-authored an essay raising concerns about using homeownership as the sole barometer of housing success. ... Joint Center for Housing Studies, Harvard University, July 15, 2005

MHP's SoftSecond Loan Program makes 8000th loan, passes $1 billion mark BOSTON, March 21, 2005 --- The SoftSecond Loan Program, which has had just 26 foreclosures in its history, just passed two major milestones, making its 8000th loan and passing the $1 billion dollar mark in private bank loans to low and moderate-income homebuyers.

Study: Average income of SoftSecond homebuyer is $36,000 BOSTON, August 3, 2004 --- At a time when rising home prices threaten to put the dream of homeownership out of reach, the SoftSecond Loan Program has continued to be a gateway to homeownership for lower-income and minority homebuyers, according to a July 2004 study.

MHP holds community meeting in Lawrence LAWRENCE, May 24, 2004 --- A cross-section of approximately 30 public officials, community and business leaders attended a community meeting hosted by MHP. The meeting was held so MHP could hear more about affordable housing needs in the city of Lawrence.

Homeownership workshop set for Saturday HOLYOKE, April 29, 2004 --- MHP is co-sponsoring a homebuyer's fair for first-time homebuyers on Saturday, May 1 from 10 a.m. to 3 p.m. at the Holiday Inn Conference Center in Holyoke.

Governor announces $2M for first-time homebuyers BOSTON, March 31, 2004 --- The Romney administration today delivered $2 million to 44 communities and 13 regional organizations across the Commonwealth to help hundreds of low- and moderate-income families purchase their first home through the SoftSecond Loan Program.

New rental housing slated for Lynn LYNN, February 10, 2004 --- MHP is putting its bank-funded affordable housing loan pool to work in Lynn, committing $1.1 million in financing to help create 24 new units of rental housing.

Mortgage program tailored for Boston continues to be effective BOSTON, January 12, 2004 --- A homeownership program created by community groups, banks and the state to better serve low-income Boston neighborhoods has once again made more loans to low income and minority borrowers in Boston than any other program of its kind, according to a recent report.

SoftSecond Loan Program helps Hudson mother stay in hometown HUDSON, July 31, 2003 --- A real estate paralegal was able to afford a home in her hometown thanks to a loan from MHP's SoftSecond Loan Program.