News

BOSTON, June 22, 2004 --- MHP has made a $1.5 million loan commitment for the renovation of a Springfield apartment building into 92 units of rental housing for residents of 55 years and older.

BOSTON, June 14, 2004 --- In a shining example of a community development corporation's ability to improve neighborhoods, Nuestra Comunidad recently celebrated the completion of the construction of 26 new affordable housing rental units in the Dorcester area of Boston.

PROVINCETOWN, June 10, 2004 --- MHP has once again put its bank-funded loan pool to work in this popular Cape Cod community, providing long-term financing for six new affordable rental apartments in two attractive buildings in a quiet residential neighborhood near Race Point Beach.

BOSTON, May 14, 2004 --- The effort to increase the supply of affordable housing in Massachusetts received a substantial boost from the private sector today when Governor Mitt Romney announced that the Massachusetts Housing Partnership will receive a record $406 million loan and $18 million dollar cash grant from Bank of America.

BOSTON, March 3, 2004 --- Using its ability to help create affordable rental housing with low-cost, long-term financing, MHP has made a $9 million loan commitment to the Boston YWCA for the creation of 79 new affordable apartments at its historic headquarters on Clarendon Street.

LYNN, February 10, 2004 --- MHP is putting its bank-funded affordable housing loan pool to work in Lynn, committing $1.1 million in financing to help create 24 new units of rental housing.