MassHousing Executive Director Thomas R. Gleason Receives National Award for Preserving Affordable Housing for Elderly, Disadvantaged and Disabled Residents
March 16, 2010 Posted by Massachusetts RealEstateRama
BOSTON, MA - March 16, 2010 - (RealEstateRama) — MassHousing Executive Director Thomas R. Gleason was recently presented with the 2010 Friend of the Elderly Award by the California-based Retirement Housing Foundation for his longstanding efforts to preserve affordable housing for the elderly, economically disadvantaged families and people with disabilities.
MassHousing Awards $150,000 for Affordable Sober Housing in New Bedford
March 2, 2010 Posted by Massachusetts RealEstateRama
BOSTON, MA - March 2, 2010 - (RealEstateRama) — MassHousing has approved $150,000 in funding to help create 11 new units of affordable sober housing for women with children in New Bedford.
Georgetown Savings Bank Now Offering MassHousing’s A Home for the Brave Mortgage Loan Program for Veterans
January 19, 2010 Posted by Massachusetts RealEstateRama
Georgetown-based lender will commit $1.5 million for loan program for veterans.
BOSTON, MA - January 19, 2010 - (RealEstateRama) — MassHousing announced today that Georgetown Savings Bank is now an approved lender of MassHousing’s A Home for the Brave loan program for Massachusetts veterans.
MassHousing Loan Commitment of up to $14.4 Million will Preserve Affordable Housing for Seniors and Families at Mountain View Terrace in Stoneham
January 11, 2010 Posted by Massachusetts RealEstateRama
All 194 apartments at housing community near Interstate 93 will stay affordable. BOSTON, MA - January 11, 2010 - (RealEstateRama) –January 11, 2010 – MassHousing announced a loan commitment today of up to $14.4 million to preserve affordability at Mountain View Terrace in Stoneham, a 194-apartment housing community for senior citizens and families
MassHousing Announces $1.4 Million Loan Commitment for the Development of Affordable Rental Housing in Historic Mission Hill Buildings
December 3, 2009 Posted by Massachusetts RealEstateRama
BOSTON, MA - December 3, 2009 - (RealEstateRama) — MassHousing announced a $1.4 million loan commitment today to help develop 43 affordable apartments for low-income families as part of a 62-apartment mixed-income historic redevelopment in Mission Hil
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
MassHousing Honors 89 Property Management Companies for Commitment to Minority and Women-Owned Businesses in Fiscal Year 2009
November 2, 2009 Posted by Massachusetts RealEstateRama
WinnResidential top performer for seventh year; Maloney Properties, United Housing Management and Peabody Properties also cited for multi-million dollar efforts. BOSTON, MA - November 2, 2009 - (RealEstateRama) — MassHousing recently recognized the efforts of 89 property management companies that make a concerted effort to do business with Minority and Women-Owned Businesses (M/WBEs). WinnResidential Management, which manages 85 MassHousing-financed properties, was the top performer for the seventh year in a row.
MassHousing Announces Mortgage Financial, Inc. as Approved Lender for First-Time Homebuyer Tax Credit Loan
August 19, 2009 Posted by Massachusetts RealEstateRama
First-time homebuyers could borrow up to $8,000 in advance of federal tax credit. BOSTON, MA - August 19, 2009 - (RealEstateRama) — MassHousing announced today that Mortgage Financial, Inc., based in Tewksbury, is an approved lender of MassHousing’s First-Time Homebuyer Tax Credit Loan that will allow first-time homebuyers to borrow up to $8,000 in advance of their federal tax credit for homes purchased with a MassHousing loan before November 30, 2009
Patrick-Murray Administration Announces Record Year for MassHousing
August 10, 2009 Posted by Massachusetts RealEstateRama
Unprecedented demand for affordable home mortgage loans pushes overall lending to more than $753 million. BOSTON, MA - August 7, 2009 - (RealEstateRama) — Governor Deval Patrick announced today that MassHousing had its best lending year in state history in fiscal year 2009, providing more than three-quarters of a billion dollars for affordable housing.The landmark year was due to a surge in lending to first-time homebuyers. They have flocked to MassHousing’s 30-year fixed rate-mortgages with low downpayment requirements – a feature that has virtually disappeared from the private lending market in the wake of the mortgage lending crisis
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.
G. Patrick, LT. Gov, Murray, MassHousing and MAR Announce New Program for Using $8K Tax Credit for Downpayments
July 15, 2009 Posted by Massachusetts RealEstateRama
July 15, 2009 - (RealEstateRama) — At a press conference yesterday at the State House, MAR President Gary Rogers joined Governor Patrick, Lt. Governor Murray and MassHousing Chairman Dirrane announce Masshousing’s new loan program that allows first-time home buyers to “monetize” the $8,000 Federal homebuyer tax credit for downpayments and closing costs.
MassHousing Announces $1 Million Loan Commitment for the Acquisition and Redevelopment of Longhill Gardens in Springfield
June 25, 2009 Posted by Massachusetts RealEstateRama
Demolition and renovation of severely distressed housing will result in 109 units of quality rental housing, of which 88 units will be for low-income families. BOSTON, MA - June 25, 2009 - (RealEstateRama) — MassHousing announced today that it will loan up to $1 million to WinnDevelopment of Boston for the acquisition and renovation of Longhill Gardens in Springfield, which will result in 109 renovated units of quality rental housing.
MassHousing Honors Bank of America for Lead Paint Removal Lending
June 3, 2009 Posted by Massachusetts RealEstateRama
BOA was 2008 top producing lender of MassHousing’s Get the Lead Out Program
BOSTON, MA June 3, 2009 - (RealEstateRama) — MassHousing recently honored Bank of America as the 2008 top producing lender of the agency’s Get the Lead Out Program, which offers Massachusetts homeowners an affordable way to remove hazardous lead paint from their homes.
MassHousing Honors Seven Lenders for Their Commitment to Affordable Housing
May 21, 2009 Posted by Massachusetts RealEstateRama
Bank of Canton recognized as top producing lender and top minority lender. BOSTON, MA - May 21, 2009 - (RealEstateRama) — MassHousing recently honored seven of the agency’s top-producing lending partners for 2008 during its annual Home Ownership Awards Ceremony.
MassHousing Announces $28.6 Million Construction Loan Commitment for the Redevelopment of The Musterfield at Concord Place in Framingham
May 12, 2009 Posted by Massachusetts RealEstateRama
BOSTON, MA - May 12, 2009 - (RealEstateRama) — MassHousing announced today that it will loan up to $28.6 million to the Framingham Housing Authority for the renovation of The Musterfield at Concord Place, a 110-unit public housing development for low-income residents.
