MHP commits $8.4 million for 260 rental units BOSTON, Nov. 25, 2014 --- The Massachusetts Housing Partnership put its bank-funded loan pool to work this fall, committing $8,435,000 for the financing of 260 units of rental housing across Massachusetts.
262-unit Upland Woods celebrates start of construction
Campanelli-Thorndike break ground; MHP provides 40B PEL, $15M in financingNORWOOD, Nov. 5, 2014 --- Developers and funders gathered on Nov. 5 to mark the beginning of construction of Upland Woods Apartments, a 262-unit mixed-income rental apartment community on part of the former Polaroid campus.
How to Drive a Closing training
Popular MHP training to be repeated on Thursday, Oct. 16BOSTON, Sept. 22, 2014 --- After two successful trainings this year, MHP is gearing up to provide another "How to Drive a Closing" training on Thursday, Oct. 16 from 9 a.m. to 4 p.m. at the MHP's Boston office (160 Federal Street).
RAP Program now available for existing tax credit properties
Credit facility helps nonprofits reduce cash-funded reserves, increase working capitalBOSTON, AUG. 18, 2014 --- Nonprofit developers who are using or who have used tax credits to develop affordable rental housing should consider using MHP's Housing Reserve Assurance Program (Housing RAP) in order add more working capital to their bottom line.
MHP commits $56.9 million for new construction/preservation of 944 units BOSTON, July 17, 2014 --- The Massachusetts Housing Partnership put its bank-funded loan pool to work this spring and summer, committing over $56.9 million for the financing of 944 units of rental housing across Massachusetts.
Stow celebrates opening of 30 units of family rental housing STOW, July 9, 2014 --- During the ribbon cutting for Pilot Grove II, Town Clerk Linda Hathaway recalled when the land was part of her family's farm and when her grandparents, aunts and uncles would reminisce about winters spent sliding down the hill and right across what is now a busy West Acton Road. In the 1980s, when her family decided to sell the land for affordable housing, she recalled her grandfather, Fran Warren, explaining why the family was selling its beloved sledding hill.
Governor announces $83M in awards for affordable housing SPRINGFIELD, Monday, July 7, 2014 - Governor Deval Patrick today announced $83.6 million in funding to create 24 affordable housing projects across the state, building on the Patrick Administration's commitment to improving housing infrastructure to support growth and opportunity throughout the Commonwealth. In all, the projects will create 1,328 units of housing and over 2,000 jobs.
Princeton Properties celebrates opening of 200 homes in Westford
Built with 40B permit, unique $24.9M financing collaboration between MassHousing, MHPWESTFORD, June 26, 2014 - With leasing under way and the development nearly complete, Princeton Properties recently held a grand-opening event on its 200-unit rental development financed through a unique $24.9 million financing collaboration between MassHousing and MHP.
Brockton marks opening of downtown apartments near train
Capstone Communities turns old mill into Station Lofts; 1st step in downtown revitalizationBROCKTON, June 19, 2014 --- There were plenty of speakers on hand to point out the significance of Station Lofts on the city's downtown but the strongest statement was made by a commuter train that roared by during grand opening ceremonies.
Amherst turns town land into open space, 42 homes for families AMHERST, June 13, 2014 --- Of all the speakers at the grand opening of Olympia Oaks, the most memorable was the state's Arthur Jemison, an Amherst native who spoke from the heart about what affordable housing means to him.