Tag: MassHousing

Masshousing Financing Helps Seniors

Masshousing Financing Helps Seniors

| February 28, 2019

Boston – Senior citizens living at the 200-unit Covenant House I and II housing community in Brighton have had affordable rents extended through 2052 and will see significant property improvements as a result of $44.8 million in MassHousing affordable housing financing to the nonprofit developer B’nai B’rith Housing. As part of the refinancing, a number […]

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Affordable Apartments to be Renovated

Affordable Apartments to be Renovated

| February 26, 2019

Boston – MassHousing has closed on $38.7 million in affordable housing financing to the nonprofit Inquilinos Boricuas En Accion, Inc., for the rehabilitation and preservation of the West Newton Apartments, a public housing community in Boston’s South End, The project is part of the Boston Housing Authority’s (BHA) ongoing effort to modernize public housing across Boston. Of […]

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MassHousing Finances Housing Community

MassHousing Finances Housing Community

| January 14, 2019

Boston – MassHousing has closed on $9.1 million in financing to the Chinese Economic Development Council (CEDC), for the preservation of Oxford Place in Chinatown. As a result of the transaction, CEDC has extended the Section 8 Housing Assistance Payment contract at the 39-unit property for 20 years. MassHousing provided CEDC with a $9.1 million […]

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MassHousing Gives Property Management Award

MassHousing Gives Property Management Award

| December 6, 2018

Boston – MassHousing, the independent agency responsible for providing financing for affordable housing in Massachusetts, has recognized WinnCompanies as the state’s leading partner for minority and women-owned businesses (M/WBE) for the 17th time. WinnCompanies received the Property Management Award of Excellence for awarding the highest value of contracts for goods, services and supplies to both […]

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MassHousing Finances $45M Development

MassHousing Finances $45M Development

| November 29, 2018

Boston – MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation, and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, from […]

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Cambridge Affordable Housing Financed

| July 11, 2018

Cambridge, MA – MassHousing has closed on $17.6 million in financing to Just-A-Start Corporation for the renovation and preservation of affordability at the Close Building in Cambridge. The financing will allow Just-A-Start to preserve affordability at all 61 apartments at the Close Building for at least 30 years. Affordability restrictions at the property had expired in 2016, […]

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Major Renovation for Housing Community

Major Renovation for Housing Community

| May 14, 2018

Boston – MassHousing has provided $3.3 million in affordable housing financing to the nonprofit Newton Community Development Foundation (NCDF), the management agent for the renovation of the historic Weeks School Apartments. The general contractor will be Essex Builders Corporation The $3.3 million permanent loan from MassHousing will allow NCDF to undertake extensive exterior repairs at the 75-unit mixed-income community, […]

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Vacant Building to Become Housing

Vacant Building to Become Housing

| May 7, 2018

Worcester, MA – MassHousing has closed on a total of $5.1 million in affordable housing financing to support the redevelopment of Worcester’s Central Building. The financing will allow the Central Building Development Group to transform a vacant former office building in downtown Worcester into a new, 55-unit mixed-income housing community that will include 14 workforce […]

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Residential Communities Get Financing

Residential Communities Get Financing

| April 5, 2018

Boston – MassHousing recently closed on a total of $49.3 million in affordable housing financing to affiliates of Preservation of Affordable Housing (POAH) and the Madison Park Development Corporation to support the ongoing first phase of the Whittier Choice Neighborhoods Initiative. The financing will advance the phased demolition and redevelopment of the Boston Housing Authority’s 200-unit Whittier […]

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Affordable Sober Housing Gets MassHousing Grant

| March 22, 2018

Boston – MassHousing recently awarded a total of $275,000 to help create or modernize a total of 55 affordable sober housing units in Amesbury, Lowell, and Wrentham. The awarded projects will serve men and women in recovery, including young women with children. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit […]

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