News

32-unit Highland Terrace opens; 164 of 260 homes done; 96-unit Chelsea Flats begins

CHELSEA, May 10, 2013 --- Every time the new Box District Neighborhood marks another milestone, Chelsea City Manager Jay Ash tells the story about when he was a boy growing up in the city and his mother wouldn't let him play there because of all the trash and rundown factory buildings.

Celebrate opening of Holfcroft Park Homes Phase 2; Gloucester Crossing transformed

BEVERLY, May 3, 2013 --- Another chapter in the continued revitalization of Beverly's Gloucester Crossing neighborhood was marked recently as state and local officials gathered to celebrate the completion of Holcroft Park Homes, Phase 2.

Helps get developer fee up front; has provided $1.2M in liquidity so far

BOSTON, April 11, 2013 --- Nonprofit developers using tax credits to develop affordable rental housing should consider using MHP's Housing Reserve Assurance Program (Housing RAP), which in two years has helped five community development organizations realize $1.2 million in developer fees that might otherwise have gone toward cash-funded operating reserves or other long-term reserves.

WinnDevelopment transfoms Lawrence mill into rental housing

LAWRENCE, Jan. 19, 2013 --- In 2003, the MHP Board of Directors toured the City of Lawrence to look at affordable housing financed by MHP as well as possible future investments. One of their stops was Malden Mills, where WinnDevelopment's Larry Curtis gave a tour and talked about the potential of turning the hulking, dormant mill into housing.

BOSTON, Jan. 18, 2013 --- In an effort to help affordable housing owners reduce costs and make their properties more energy efficient, the Massachusetts Housing Partnership (MHP) is offering a new loan program to help its borrowers make energy improvements.

LAWRENCE, Dec. 19, 2012 ---MHP's SoftSecond Loan Program has honored Sovereign Bank with a HomeSafe Award for its outstanding success making loans to lower-income first-time homebuyers in the City of Lawrence and the Merrimack Valley.