News

The spring and summer seasons have been busy for our Rental Finance team, with staff attending celebrations marking major milestones in MHP-financed affordable housing developments across the state. Here are the highlights.

MHP is deeply committed to providing equitable access and inclusion in affordable housing development, which is why it has expanded on the Working Capital Line of Credit (WCLOC) program with the addition of the Emerging Developer Working Capital Line of Credit (EDWCLOC) program.

STATE --- The pre-application period for the next round of Climate Ready Housing is open until April 11. The state funded opportunity funds deep energy retrofits in existing multifamily affordable housing. Funding will be leveraged competitively to support 10 to 15 projects.

Boston ---The Healey-Driscoll Administration today announced the third round of funding awards under the Climate Ready Housing program. The program is led by the Executive Office of Housing and Livable Communities, in collaboration with Massachusetts Housing Partnership, MassHousing, and Local Initiatives Support Corporation Massachusetts (LISC MA). Third Round of Climate Ready Housing Funding Awards Will Support Deep Energy Retrofits and Cost Savings in nearly 1,000 Affordable Housing Homes.

BOSTON --- MHP’s motto is Affordable Homes, Better Lives. The Community Builders (TCB) understands The Power of Home. A partnership spanning over 25 years is a testament to the shared vision and values between the two organizations.

Improving energy efficiency and reducing the carbon emissions of the 37,000+ existing multifamily buildings across the state is a crucial component in achieving more resilient communities and meeting the Commonwealth’s climate goals. In recognition of this, MHP’s Green Retrofit Financing Program now incentivizes a broader spectrum of energy use reduction projects, with the highest level of incentive – a 35 basis point interest rate reduction – for projects that reduce their energy use intensity by at least 50% or pursue an eligible deep energy reduction retrofit certification.