News

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.

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.

WORCESTER, July 26, 2011 --- With an audience of neighborhood residents and new tenants looking on, speaker after speaker said teamwork was the big reason why a former lumberyard has been turned into 25 new affordable rental homes.

BOSTON, July 20, 2011 --- Furthering its efforts to promote the creation of affordable housing across the state, the Massachusetts Housing Partnership (MHP) recently committed over $7.5 million in private funding to help finance five developments totaling 158 units in Sudbury, Ware, Salem, and two neighborhoods of Boston.