Another milestone for Chelsea's Box District neighborhood
32-unit Highland Terrace opens; 164 of 260 homes done; 96-unit Chelsea Flats beginsCHELSEA, May 10, 2013 --- Every time the new Box District Neighborhood marks another milestone, Chelsea City Manager Jay Ash tells the story about when he was a boy growing up in the city and his mother wouldn't let him play there because of all the trash and rundown factory buildings.
North Shore CDC, YMCA combine to remake Beverly neighborhood
Celebrate opening of Holfcroft Park Homes Phase 2; Gloucester Crossing transformedBEVERLY, May 3, 2013 --- Another chapter in the continued revitalization of Beverly's Gloucester Crossing neighborhood was marked recently as state and local officials gathered to celebrate the completion of Holcroft Park Homes, Phase 2.
Housing RAP proving to be solid benefit for nonprofit developers
Helps get developer fee up front; has provided $1.2M in liquidity so farBOSTON, April 11, 2013 --- Nonprofit developers using tax credits to develop affordable rental housing should consider using MHP's Housing Reserve Assurance Program (Housing RAP), which in two years has helped five community development organizations realize $1.2 million in developer fees that might otherwise have gone toward cash-funded operating reserves or other long-term reserves.
No run of the mill story
WinnDevelopment transfoms Lawrence mill into rental housingLAWRENCE, Jan. 19, 2013 --- In 2003, the MHP Board of Directors toured the City of Lawrence to look at affordable housing financed by MHP as well as possible future investments. One of their stops was Malden Mills, where WinnDevelopment's Larry Curtis gave a tour and talked about the potential of turning the hulking, dormant mill into housing.
Program funds energy upgrades BOSTON, Jan. 18, 2013 --- In an effort to help affordable housing owners reduce costs and make their properties more energy efficient, the Massachusetts Housing Partnership (MHP) is offering a new loan program to help its borrowers make energy improvements.
History lesson part of Madison Park preservation celebration BOSTON, Oct. 27, 2012 --- The Madison Park Development Corporation (MPDC) delivered an interesting neighborhood history lesson recently during a ceremony celebrating the preservation of Madison Park Village Phase IV.
Gov. Patrick uses rebuilt mill as setting to announce Gateway funding PITTSFIELD, Oct. 19, 2012 - The grand opening of Rice Silk Mill provided a perfect setting for Governor Deval Patrick to announce that Pittsfield will be the state's first city to have part of its downtown approved as a special district under a new state program designed to help Gateway Cities rebuild and strengthen their economies.
Quincy nonprofit turns blighted site into 24 affordable homes QUINCY, Oct. 18, 2012 --- There was no shortage of superlatives at the grand opening of Winter Gardens as speaker after speaker praised Neighborhood Housing Services of the South Shore (NHS) for tearing down a rundown home and replacing it with an attractive three-story apartment building featuring 24 units of affordable rental housing for families.
50 affordable units come on line
Town-initiated housing received pre-development support, financing from MHPPROVINCETOWN, Oct. 3, 2012 --- When Aaron Hobart heard his family's name called during the lottery for one of the new affordable apartments at Province Landing, his joy was quickly tempered by concern. "We were lucky to be selected but we still worry about all the people who are still on the waiting list."
West Fenway preserved; MHP passes $250M mark for loans in Hub BOSTON, July 18, 2012 --- The first federally-funded apartment building of its kind to set aside units for people with HIV/AIDs will remain affordable for years to come thanks to an innovating financing collaboration between MHP, MassDevelopment and BNY-Mellon.