Archives

Partnership between MassHousing, city of Brockton, Brockton Housing Partnership, and lenders will help create opportunities for buyers who buy properties in need of repair. BOSTON, MA - June 1, 2010 - (RealEstateRama) -- MassHousing announced a new initiative today in partnership with the city of Brockton, Brockton Housing Partnership, and area lenders to make grant funds available to first-time homebuyers who purchase foreclosed homes in Brockton.

Barstow Village will provide 66 affordable apartments for senior citizens. BOSTON, MA - May 27, 2010 - (RealEstateRama) -- MassHousing announced $2.4 million in loan commitments today for the development of Barstow Village in Hanover, which will provide 66 affordable apartments for senior citizens.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- MassHousing recently honored Cape Cod Five Cents Savings Bank for being the Agency’s top-producing lender in Barnstable County in 2009.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- At its annual awards ceremony honoring lenders for their commitment to affordable home mortgage lending, MassHousing recognized Sovereign Bank as the Agency’s top originator of MassHousing Home Improvement loans in 2009

Latest phase in project will result in 56 affordable rental apartments and townhouses. BOSTON, MA - May 20, 2010 - (RealEstateRama) -- MassHousing announced a $13.5 million construction loan commitment today to an affiliate of Trinity Financial of Boston for Phase 2B of the ongoing Washington Beech public housing redevelopment in Roslindale.

BOSTON, MA - May 19, 2010 - (RealEstateRama) -- MassHousing recently honored 12 of its 2009 top-producing lending partners at the Agency’s annual Homeownership Awards Ceremony. The annual event recognizes MassHousing’s lending partners for their excellence in promoting and originating MassHousing Mortgage products for Massachusetts residents.

Loans will preserve a total of 931 affordable apartments in Reading, Wellesley, Falmouth, Needham, Abington, Sturbridge, Winchester, Norton, Sudbury and Maynard. BOSTON, MA - May 17, 2010 - (RealEstateRama) -- MassHousing announced $110.6 million in loan commitments today for the acquisition and preservation of affordable housing for seniors and families in 10 communities

Funding will benefit sober housing programs in Roxbury, New Bedford and Tewksbury BOSTON, MA - May 12, 2010 - (RealEstateRama) -- MassHousing has awarded $180,000 in funding to help create new units of affordable sober housing for women in Roxbury and New Bedford and housing stabilization services for women in Tewksbury

HOLYOKE, MA - May 11, 2010 - (RealEstateRama) -- Acres of contaminated property located between the Connecticut River and the Front Canal in historic downtown Holyoke will be cleaned up and redeveloped as a result of a Brownfields Covenant Not to Sue Agreement that Attorney General Martha Coakley’s Office has entered into with the prospective developer of the site.The covenant agreement limits the liability related to contamination on the six parcels in exchange for the redevelopment and cleanup. The property was once home to American Writing Paper and Brown Paper Mills in the 19th and 20th centuries, but the majority of the buildings on the site have been largely vacant in recent decades. Under the agreement, Quantum Properties LLC will clean up the parcels in accordance with Massachusetts Department of Environmental Protection (MassDEP) standards and redevelop them into modern industrial and commercial buildings. The parcels are contaminated with oil and hazardous materials from their industrial history

BOSTON, MA - May 6, 2010 - (RealEstateRama) -- MassHousing announced a $26.9 million construction loan commitment today for Phase One of the Old Colony public housing redevelopment in South Boston. Beacon Communities of Boston is developing the first phase of the Old Colony project, which will replace seven distressed and blighted apartment buildings with 116 new apartments for low-income families in one mid-rise building and four clusters of town homes. Phase One also includes the construction of a new 10,000-square-foot community center, which will be operated by the Boston Housing Authority (BHA)

Will advise Fannie Mae on best practices to create affordable housing. BOSTON, MA - May 4, 2010 - (RealEstateRama) -- MassHousing Executive Director Thomas R. Gleason has been selected to serve on Fannie Mae’s inaugural Affordable Housing Advisory Council, which will advise Fannie Mae on how it can best support the creation of affordable housing.

BOSTON, MA - April 21, 2010 - (RealEstateRama) -- Senator John Kerry and Congresswoman Niki Tsongas today announced that the Carbon-Neutral Lowell Park and Preservation District initiative will receive $5 million in Recovery Act funding from the U.S. Department of Energy.

ANDOVER, MA - April 21, 2010 - (RealEstateRama) -- Rebuilding or repairing a home after a disaster, like the recent March flooding, can be a daunting task. But with the right suggestions, homeowners can build back smarter and stronger

BOSTON, MA - April 20, 2010 - (RealEstateRama) -- Senators John Kerry and Scott Brown today announced that seven Massachusetts housing organizations will receive a total of $399,780 in federal funding from NeighborWorks America. The funding will be used to help local communities revitalize and sustain their neighborhoods and to provide counseling to families and individuals facing the threat of foreclosure.

WASHINGTON, DC - April 15, 2010 - (RealEstateRama) -- The HomeStar program to help families retrofit their homes with more efficient windows, doors and other home improvements today passed the Energy and Commerce Committee, moving a program backed by President Obama, to a vote in the House of Representatives. The HomeStar legislation passed the committee by a vote of 30-17.