News

Lawrence-based non-profit begins construction on 108 Newbury St.

LAWRENCE, Sept. 18, 2013 - In its ongoing mission to help families and build strong neighborhoods, the non-profit Lawrence Community Works recently celebrated the start of construction of 18 affordable rental homes in the North Common section of the city.

BOSTON, Sept. 16, 2013 --- The Massachusetts Housing Partnership puts its bank-funded loan pool to work this past spring and summer, committing over $43 million for the financing of 646 units of rental housing across Massachusetts.

WORCESTER, July 17, 2013 --- Despite the mid-90s heat, a lot of happy people gathered at a playground in the city's Piedmont neighborhood recently to celebrate Worcester Common Ground's revitalization of six rundown properties into 20 affordable rental homes. The happiest of them all was Lisa Stewart.

New 'Ability-to-Repay' rules will not apply due to program's servicing, history

BOSTON, June 26, 2013 --- The Massachusetts Housing Partnership's SoftSecond Loan Program - which is switching from a two-loan structure to one loan and will be renamed ONE Mortgage - has earned an exemption from new federal mortgage rules, a decision that will help the program appeal to more lenders and ensure that safe, secure, fixed-rate mortgage credit will continue to be available to lower-income homebuyers.

DEVENS, Ma., June 14, 2013 --- A mayor, a community volunteer and an executive director of a suburban housing authority were honored this week with Housing Hero awards at the Massachusetts Housing Partnership's seventh annual Housing Institute training for local officials and volunteers.

Calls for 10,000 loans to modest-income families; banks sign on; SoftSecond revamped

BOSTON, June 11, 2013 --- After more than 20 years and 17,000 loans, MHP's SoftSecond Loan Program is taking steps to continue its success by transforming from a two-loan structure to one mortgage, a move that will make it simpler for first-time homebuyers and the financial institutions that offer the program.