News

BOSTON, June 14, 2004 --- In a shining example of a community development corporation's ability to improve neighborhoods, Nuestra Comunidad recently celebrated the completion of the construction of 26 new affordable housing rental units in the Dorcester area of Boston.

PROVINCETOWN, June 10, 2004 --- MHP has once again put its bank-funded loan pool to work in this popular Cape Cod community, providing long-term financing for six new affordable rental apartments in two attractive buildings in a quiet residential neighborhood near Race Point Beach.

BOSTON, May 14, 2004 --- The effort to increase the supply of affordable housing in Massachusetts received a substantial boost from the private sector today when Governor Mitt Romney announced that the Massachusetts Housing Partnership will receive a record $406 million loan and $18 million dollar cash grant from Bank of America.

BOSTON, March 3, 2004 --- Using its ability to help create affordable rental housing with low-cost, long-term financing, MHP has made a $9 million loan commitment to the Boston YWCA for the creation of 79 new affordable apartments at its historic headquarters on Clarendon Street.

LYNN, February 10, 2004 --- MHP is putting its bank-funded affordable housing loan pool to work in Lynn, committing $1.1 million in financing to help create 24 new units of rental housing.

BOSTON, January 26, 2004 --- The state's inability to keep pace with housing demand is forcing more than 600,000 households to spend more than 30 percent of their income on housing, and 250,000 of those are spending more than 50 percent, a burden felt most by lower-income families and young adults, according to a study co-sponsored by the Massachusetts Housing Partnership.