News

CHELSEA, April 3, 2009 --- As part of his Massachusetts Recovery Plan, Gov. Deval Patrick announced today that he will target $108 million in public funds and tax credits to help support mor than 2,000 affordabable units in 39 rental housing projects across Massachusetts.

BOSTON, March 19, 2009 --- MHP recently committed $1.275 million in first mortgage financing to Lena Park Community Development Corporation for the development of Olmsted Green Rental Phase II, a new seven building complex consisting of 50 rental units.

SHARON, Feb. 12, 2009 --- A downtown school that has been vacant for three decades will be transformed into a mixed-income development within footsteps of the commuter rail thanks in part to tax-exempt financing from MHP and MassDevelopment.

BOSTON, Jan. 30, 2009 --- The Boston Globe recently featured two housing efforts that received financing assistance from MHP.

BOSTON, Dec. 30, 2008 --- A new report released by MHP finds that the three most important factors in determining metro area employment growth are how much housing the region builds, its success in attracting new residents, and the extent to which it is dependent on manufacturing employment.

WORCESTER, December 1, 2008 --- MHP is once again using its ability to provide long-term, fixed-rate private financing for affordable rental housing in Worcester, committing $1.095 million in first and second mortgage financing to help Worcester Common Ground in the new construction of over 3,000 square feet of commercial/retail space as well as the construction of 12 affordable rental units.