MHP News

Lawrence: Historic downtown building reopens as housing LAWRENCE, April 8, 2008 --- State and local leaders gathered on Friday to celebrate the opening of the Blakeley Building, a historic building in downtown Lawrence that will provide homes for 46 low-income families.

MHP makes $2.25M commitment for 49 affordable units in Wareham WAREHAM, March 13, 2008 --- With a long-term, first mortgage commitment of $2.25 million, the Massachusetts Housing Partnership (MHP) is helping Cornerstone Properties Group create 49 new affordable units in Wareham.

MHP supports condo conversion to affordable rental housing EVERETT, March 3, 2008 --- Using its ability to provide long-term financing for affordable rental housing, the Massachusetts Housing Partnership (MHP) has committed $5.9 million to support the conversion of a market-rate condominium project into 74 units of rental housing, 47 of which will be affordable.

MHP commits $1.75M for 40 affordable units on Cape Cod WEST BARNSTABLE, Feb. 4, 2008 --- With a long-term first mortgage loan commitment of $1.75 million, the Massachusetts Housing Partnership (MHP) is helping the Housing Assistance Corporation of Cape Cod (HAC) create 40 new affordable apartments in West Barnstable.

MHP loan commitment will help Viet-Aid develop 43 affordable units BOSTON, Jan. 28, 2008 --- With technical support and a long-term first mortgage commitment of $736,000, MHP is helping Viet-AID, Inc. build 43 affordable apartments at 1460 Dorchester Ave. in Boston.

Patrick Administration announces tax credit awards, other funding for housing BOSTON, Jan. 24, 2008 --- The Patrick-Murray Administration has announced more than $100 million in tax credit awards and other funding to support 24 developments and 908 new rental apartments in 21 cities and towns all across the Commonwealth.

MHP commits $10M to help Somerville add 119 new units SOMERVILLE, Jan. 23, 2008 --- By providing nearly $10 million in permanent first mortgage financing, the Massachusetts Housing Partnership (MHP) is helping to create 119 affordable units in two projects in Somerville.

MHP studies factors that impact construction costs BOSTON, December 7, 2007 --- An examination of construction costs on 38 new multi-family developments in eastern Massachusetts revealed that there is not much difference between market-rate and affordable housing development construction costs, and that projects start to achieve consistent economies of scale at 100 units or more.

Chelsea celebrates grand opening of Box District CHELSEA, Nov. 8, 2007 --- State and local leaders gathered earlier this month to celebrate the grand opening of Chelsea's new neighborhood, the Box Distirct, a rental and homeownership development made possible due in part to a loan from MHP.

Criterion celebrates grand opening of 159 rental units CANTON, Oct. 11 --- For the second time in three years, MHP has supported Criterion Development Partners in its efforts to build multi-family rental housing in the Boston suburbs.