News

Credit facility helps nonprofits reduce cash-funded reserves, increase working capital

BOSTON, AUG. 18, 2014 --- Nonprofit developers who are using or who have used tax credits to develop affordable rental housing should consider using MHP's Housing Reserve Assurance Program (Housing RAP) in order add more working capital to their bottom line.

BOSTON, July 17, 2014 --- The Massachusetts Housing Partnership put its bank-funded loan pool to work this spring and summer, committing over $56.9 million for the financing of 944 units of rental housing across Massachusetts.

STOW, July 9, 2014 --- During the ribbon cutting for Pilot Grove II, Town Clerk Linda Hathaway recalled when the land was part of her family's farm and when her grandparents, aunts and uncles would reminisce about winters spent sliding down the hill and right across what is now a busy West Acton Road. In the 1980s, when her family decided to sell the land for affordable housing, she recalled her grandfather, Fran Warren, explaining why the family was selling its beloved sledding hill.

SPRINGFIELD, Monday, July 7, 2014 - Governor Deval Patrick today announced $83.6 million in funding to create 24 affordable housing projects across the state, building on the Patrick Administration's commitment to improving housing infrastructure to support growth and opportunity throughout the Commonwealth. In all, the projects will create 1,328 units of housing and over 2,000 jobs.

DEVENS, June 30, 2014 --- The Massachusetts Housing Partnership (MHP) recently recognized a municipal employee from Yarmouth and the Town of Amherst with Housing Hero Awards for their outstanding efforts to increase the supply of affordable housing in their communities.

Built with 40B permit, unique $24.9M financing collaboration between MassHousing, MHP

WESTFORD, June 26, 2014 - With leasing under way and the development nearly complete, Princeton Properties recently held a grand-opening event on its 200-unit rental development financed through a unique $24.9 million financing collaboration between MassHousing and MHP.