Green and Healthy Housing Programs

MHP’s Green and Healthy Housing Programs have proven to be the most popular financing programs in MHP’s history, providing owners and developers of affordable housing with both the financial incentives and the expertise to make their buildings more energy efficient and provide their tenants with a healthier living environment.

Launched in 2019, these programs represent MHP’s strong and continued commitment to addressing both Massachusetts’ housing supply and climate change needs through the construction and renovation of sustainable, climate-ready, and resilient affordable housing.

MHP’s programs provide permanent first mortgage financing for both new and existing affordable housing developments using any of MHP’s capital sources and with any of its first mortgage financing programs including tax-exempt bond financing.

MHP’s three Green and Healthy Housing Programs are:

• Green Building Certification Financing (GBC) – Designed for new and existing projects, GBC offers reduced interest rates, reimbursement for commissioning costs up to $15,000 for most certification programs, and free energy performance benchmarking services for the first two years after loan closing. GBC was revised in 2021 and now offers a new tier of 35-basis point discounts for zero energy certifications. Incentives for pursuing Passive House certification complement and can be used in conjunction with incentives offered by MassSave. Term sheet.
• Green Retrofit Financing (GRF) – GRF offers increased loan proceeds, reimbursements towards the cost of decarbonizations assessments, reduced interest rates, and free benchmarking services for the refinance and rehabilitation of multifamily projects that invest in property improvements that substantially reduce energy use and carbon emissions. Term sheet.
• Healthy Housing Financing (HHF) – HHF offers reduced interest rates and reimbursement for the costs of obtaining healthy housing certification from the Fitwel® and WELL multifamily certification programs. Term sheet.

For more information about these new programs, contact Director of Business Development Nancy McCafferty at 857-317-8556 or nmccafferty@mhp.net or Senior Relationship Manager Alma Balonon-Rosen at 585-764-6963 or almabr@mhp.net.

Related program

MHP joins state in administering new Climate Ready Housing Program.