News

MHP supports VOA with $1.9 million loan commitment

LAWRENCE, April 8, 2008 --- State and local leaders gathered on Friday to celebrate the opening of the Blakeley Building, a historic building in downtown Lawrence that will provide homes for 46 low-income families.

BOSTON, March 17, 2008 --- MHP kicked off a series of briefings with housing authorities last week, providing details about the state's new housing authority grant program.

Originally market-rate, Winn converts 7-story Everett project; 47 units affordable

EVERETT, March 3, 2008 --- Using its ability to provide long-term financing for affordable rental housing, the Massachusetts Housing Partnership (MHP) has committed $5.9 million to support the conversion of a market-rate condominium project into 74 units of rental housing, 47 of which will be affordable.

Developed by Housing Assistance Corp.; scattered site 40B; 2nd loan with MHP

WEST BARNSTABLE, Feb. 4, 2008 --- With a long-term first mortgage loan commitment of $1.75 million, the Massachusetts Housing Partnership (MHP) is helping the Housing Assistance Corporation of Cape Cod (HAC) create 40 new affordable apartments in West Barnstable.

WAREHAM, Feb. 1, 2008 --- The Massachusetts Housing Partnership is supporting JK Scanlan Company's construction of The Village at 815 Main Street with a $2.1 million long-term fixed-rate financing commitment from its bank-funded loan pool.

BOSTON, Jan. 28, 2008 --- With technical support and a long-term first mortgage commitment of $736,000, MHP is helping Viet-AID, Inc. build 43 affordable apartments at 1460 Dorchester Ave. in Boston.