Patrick-Murray Administration Targets $153.9 M Statewide to Build, Preserve Affordable Rental Housing
January 11, 2010 Posted by Massachusetts RealEstateRama
January 11, 2010 - (RealEstateRama) — As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick and Lieutenant Governor Timothy Murray were in New Bedford today to announce that the state will invest $153.9 million in resources leveraged from various affordable housing programs, American Recovery and Reinvestment Act funds, and private investment to support 26 projects in 17 communities across the state. When completed, those projects will create or preserve 1,305 rental homes, 1,147 of which will be affordable to low-and moderate-income working families and individuals, including 144 units set aside for families transitioning to permanent housing from homelessness
MassHousing Announces $5.9 Million in Loan Commitments for Affordable Rental Housing in Tyngsborough
December 3, 2009 Posted by Massachusetts RealEstateRama
BOSTON, MA - December 3, 2009 - (RealEstateRama) — MassHousing announced loan commitments today of up to $5.9 million for the development of Maple Ridge, a 72-unit affordable rental community in Tyngsborough
Gov Patrick Highlights - Expiring Use - Rental Housing Law, Announces $150m Fund to Preserve Long-Term Affordable Housing
November 30, 2009 Posted by Massachusetts RealEstateRama
New law, leveraging of public/private funds protects tenants. BOSTON, MA - November 30, 2009 - (RealEstateRama) — Standing with housing and community leaders, Governor Deval Patrick today highlighted a law he signed last week to keep publicly-assisted rental properties affordable and announced the roll-out of a $150 million loan fund leveraged primarily through private dollars to support and secure long-term affordable housing preservation efforts.
MassHousing Preserves Affordable Housing in Fitchburg and Northampton
August 5, 2009 Posted by Massachusetts RealEstateRama
Owners of 140-unit Joseph’s House in Fitchburg and 86-unit St. Michael’s House in Northampton will seek to extend affordability for longest terms possible. BOSTON, MA - August 5, 2009 - (RealEstateRama) — MassHousing announced loan commitments today of up to $6.8 million to preserve affordability at Joseph’s House in Fitchburg and up to $5.4 million to preserve affordability at St. Michael’s House in Northampton. O’Connell Senior Living LLC of Holyoke and SHPMa LLC, the owners of the apartment communities for low-income families, will seek to extend Section 8 contracts at Joseph’s House and St. Michael’s House for the longest terms possible.
Kerry, Kennedy Announce Massachusetts to Receive $50 Million for Affordable Housing Initiatives
July 10, 2009 Posted by Massachusetts RealEstateRama
BOSTON, MA - July 10, 2009 - (RealEstateRama) — Senators John Kerry and Edward Kennedy today announced that Massachusetts Department of Housing and Community Development would receive $50,814,102.00 from U.S. Treasury Department as part of the American Recovery and Reinvestment Act
