News

MHP uses its bank-funded loan pool to provide long-term financing

SHARON, April 26, 2010 --- During the grand opening of the Wilber School Apartments, townspeople could be heard admiring the building's transformation while remembering what teachers taught in which room and how much time they spent in the principal's office.

MHP provides an additional $2.1M in long-term financing

WAREHAM, April 12, 2010 --- When the economic downturn dampened investor appetite for low-income housing tax credits, 31 affordable housing developments in Massachusetts stalled because of a lack of financing.

Springfield mayor salutes Belmont Ave. success, pledges more funds for distressed properties

SPRINGFIELD, March, 30, 2010 --- City and state officials recently celebrated the turnaround of the 30 Belmont Avenue apartment complex as part an innovative program that uses court-appointed receivers, public grants and private funds to stabilize and rehabilitate the distressed properties where tenants are currently living.

GLOUCESTER, March 26, 2010 --- The Massachusetts Housing Partnership recently committed $740,000 to help The Caleb Foundation, Inc. construct 34 units of affordable housing on the site of a former glue factory in Gloucester.

Targeted towards high-opportunity communities

BOSTON, March 17, 2010 --- The Massachusetts Housing Partnership announced today that it is accepting applications for new grant funds to help communities determine the feasibility of producing affordable rental housing.

New program makes $22M loan to Criterion for Canton's Windsor Woods

BOSTON, March 5, 2010 --- MHP has been approved as a Fannie Mae multifamily affordable lender, a coveted designation that will bring up to $100 million in new financing for rental housing to the Commonwealth.