News

JAMAICA PLAIN, Oct. 28, 2011 ---- The corner of Centre and Lamartine Street used to house nothing. Located across the street from the Jackson Square T station, commuters would exit the station and the first thing they'd see was a blighted plot of land. Now, they see 270 Centre Street, a four-story energy-efficient building housing 30 low- to moderate-income renters.

MassDevelopment, MHP, BNY Mellon team up to offer low-cost financing to nonprofit

BOSTON, Sept. 30, 2011 --- For the fourth time in eight years, the Massachusetts Housing Partnership (MHP) has put its private bank financing to work to help preserve and improve affordable housing in the increasingly popular Fenway Park neighborhood.

WASHINGTON, D.C., Sept. 30, 2011 --- Homebuyer education, risk retention by private lenders and a loan review system that includes a "second look" by the program's public administrator are three reasons why the Commonwealth's SoftSecond Loan Program has been so successful in making loans to low and moderate first-time homebuyers, according to Judy Jacobson of the Massachusetts Housing Partnership.

WORCESTER, Sept. 28, 2011 --- The Massachusetts Housing Partnership (MHP) recently committed $650,000 in financing to help non-profit development Main South Community Development Corporation (Main South CDC) construct 22 units of affordable rental housing in the Main South neighborhood of Worcester.

Caleb Group finishes LePage Village Phase III; MHP supports both rental phases

GLOUCESTER, Sept. 27, 2011 --- In cities and towns across New England, there are old industrial buildings that are monuments to a manufacturing era long since passed. Some have been converted to housing. Some house new industries. Others are still empty, waiting to be redeveloped.

Less than a mile from downtown; 9 years in making; MHP commits $1.4M loan

IPSWICH, August 24, 2011 --- Less than a mile from downtown, state and local leaders gathered earlier this month to celebrate the grand opening of Powder House Village, a new rental housing development that also features a bank branch and an early-learning center for children.