News

CAMBRIDGE --- At a time when affordable apartments in Greater Boston are scarce and many households are spending more than half their income on rent, Cambridge Trust is committing $110 million to MHP for the financing of more affordable housing.

SALEM ---- For the third time in 18 years, the Massachusetts Housing Partnership (MHP) has stepped up to help stabilize one of Salem’s largest affordable housing communities, this time providing a $32.1 million permanent loan to support a thorough, energy-efficient focused renovation of 281 apartments at Salem Heights.

The developers of 64 affordable apartments for seniors in Ashland celebrated by releasing a five-minute grand opening video​ and the joy over getting this project done was as palpable as it would have been if partners had gathered at the site to cut the ribbon.

FALMOUTH --- One of most effective and important local partners MHP works with is the Falmouth Housing Corporation​ (FHC), which has been addressing the emergency and long-term housing needs of lower-income individuals and families for 25 years.

BOSTON --- ​Recognizing that safe, efficiently built affordable housing is a key to better health, opportunity and a cleaner environment, MHP is pleased to announce its newly revised Green Building Certification Financing (GBC) term sheet​, which includes a new tier of 40-basis points discounts.

In its ongoing effort to promote sustainable affordable housing development, MHP recently hosted an Enterprise Green Communities Criteria virtual workshop.