Michael J. Dirrane Re-Appointed to MassHousing Board

October 29, 2010
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Category: News || Housing Development | 2 Comments


BOSTON , MA – October 29, 2010 – (RealEstateRama) — Michael J. Dirrane has been reappointed by Governor Deval Patrick to a new 7-year term on the MassHousing Board of Directors.

Mr. Dirrane, a South Boston native, is the longest-serving Board Member in MassHousing’s 44-year history. He was first named to the Board in 1993 and currently serves as Vice Chairman. From 1995 to 2009 he served as Chairman of the Agency.

“It is a great honor and privilege to be selected by Governor Patrick to continue to serve on the Board of this dynamic, well-regarded housing finance agency,” said Mr. Dirrane. “I look forward to continuing to work with the other Board Members and the staff to deliver much-needed affordable housing resources to the people of Massachusetts.”

MassHousing Board Members are unpaid volunteers.

Mr. Dirrane is the Executive Vice President at PHH Mortgage and he has decades of experience in real estate finance and affordable housing.

He began his career in the 1980s working at MassHousing. He subsequently held senior positions at MGIC, the nation’s largest mortgage insurer; Amerin Guaranty, where he was a founding partner; GE Mortgage Insurance Company (GEMICO); and Fannie Mae.

In 2008, Mr. Dirrane received the Excellence in Public Service Award from the Greater Boston Real Estate Board’s Rental Housing Association for his work at MassHousing and in particular his efforts to increase the efficiency of the Agency’s rental housing business line.

About MassHousing
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $11 billion for affordable housing. For more information, visit the MassHousing website at www.masshousing.com.

Contacts
Eric Gedstad: 617.854.1079 | egedstad (at) masshousing (dot) com
Tom Farmer: 617.854.1843 | tfarmer (at) masshousing (dot) com

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Comments
Comment by JNagarya on March 1, 2011 @ 9:53 pm

It would be helpful if those who are subjected to the “benevolence” of the MA real estate industry’s “concern” with affordable housing, would also concern itself with the laws governing the conduct of, in this instance, Mass. Housing.

As currently operated, and contrary to the requirements of law, affordable housing management is protected from the rule of law — blatant lying to that end is included — instead of tenants being protected from management.

Is Michael Dirrane aware of those realities? Or is he in effect an absentee landlord who isn’t a hands-on member of that agency norm?

Pingback by MassHousing’s Tom Lyons Appointed to VA Committee on Homeless Veterans - Veteran Jobs | Veteran Jobs on May 6, 2011 @ 8:38 pm

[...] Michael J. Dirrane Re-Appointed to MassHousing BoardBOSTON , MA – October 29, 2010 – (RealEstateRama) — Michael J. Dirrane has been reappointed by Governor Deval Patrick to a new 7-year term on the MassHousing Board of Directors. Mr. Dirrane, a South Boston native, is the longest-serving Board Member in MassHousing’s 44-year history. He was first named to the Board in 1993 and currently serves as Vice… [...]

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