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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

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.

BOSTON, MA - November 25, 2009 - (RealEstateRama) -- The Federal Home Loan Bank of Boston (the Bank) has awarded $3.0 million in the form of grants, loans, and interest-rate subsidies through its Affordable Housing Program (AHP). These funds will be used to finance 79 units of affordable rental and ownership housing for households earning at or below 80 percent of area median income in three New England states. Of that amount, $2.6 million will be awarded as a grant or subsidy

BOSTON, MA - November 9, 2009 - (RealEstateRama) -- November 9, 2009 – MassHousing announced loan commitments today of up to $43 million for the renovation and preservation of affordability at the 500-unit Castle Square housing community in Boston’s South End.

$28M Mixed-Use Project to Transform Neighborhood Landmark, make Available New Affordable Homeownership and Rental Housing. November 9, 2009 - (RealEstateRama) -- Mayor Thomas M. Menino and Department of Neighborhood Development (DND) Director Evelyn Friedman today joined the Jamaica Plain Neighborhood Development Corporation (JPNDC), New Atlantic Development Corporation (NADC), and community members to celebrate the completion of the first 16 new units of housing on the site of the former Blessed Sacrament church. The completed $28 million development, expected for the end of 2010, will yield a total of 118 units of housing, the majority of which will be available to low and moderate income households.

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.

Roosevelt School the gold standard in sustainability October 16, 2009 - (RealEstateRama) -- Mayor Menino today celebrated the Franklin D. Roosevelt K-8 School in...

U.S. Treasury’s tax credit exchange funds to restart 10 projects, create jobs. BOSTON, MA - October 15, 2009 - (RealEstateRama) -- As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced that the state will utilize $50.3 million in federal recovery funds to create hundreds of jobs and revive affordable housing developments stalled throughout the Commonwealth due to the lack of equity available in low-income housing tax credit markets.Ten projects in Amherst, Charlton, Chelmsford, Lunenburg, Plymouth, Wareham, Watertown, West Boylston, Westfield and Worcester will receive American Recovery and Reinvestment Act (ARRA) funds to fill the financing gaps created in projects where tax credits could not leverage the equity needed to support construction costs.

Recovery Act funding will provide “green”, energy efficient renovations for Old Colony, Cathedral, Heath and Amory public housing developments. Today, Mayor Thomas M. Menino announced that the U.S. Department of Housing and Urban Development (HUD) has given the City of Boston $40 million through the American Recovery and Reinvestment Act (ARRA). The funding will go toward renovating several public housing developments in the Boston Housing Authority’s (BHA) portfolio using “green” technology to increase energy efficiency and decrease overall costs to the City of Boston. The $40 million worth of projects will create nearly 400 new jobs.

September 11, 2009 - (RealEstateRama) -- The Fields Corner branch of the Boston Public Library will temporarily close for building improvements beginning Saturday, October 10. The building improvements include roof restoration, select insulated window installation, and the replacement of the storefront and doors. The construction and building improvement work is expected to last 4-6 weeks. In order to avoid health and safety issues during certain critical phases of the work, it is necessary to temporarily close the branch to the public and the staff. The Fields Corner Branch Library, located at 1520 Dorchester Avenue in Dorchester, will reopen to the public in November 2009.

BOSTON, MA - September 1, 2009 - (RealEstateRama) -- Tuesday, August 18, 2009 – As part of his Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced the state will target $45.5 million in federal recovery funds to help jump start delayed affordable housing developments throughout Massachusetts and create hundreds of jobs

Funding will provide job and housing opportunities, increase social services throughout state BOSTON, MA - August 17, 2009 - (RealEstateRama) -- As part of his Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced that 75 communities will receive $40.4 million in federal Community Development Block Grants to fund infrastructure upgrade projects, boost social services and increase housing, business and economic development opportunities throughout the state.

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.

BOSTON, MA - August 4, 2009 - (RealEstateRama) -- Senators John Kerry and Edward Kennedy, together with Congresswoman Niki Tsongas today announced that Haverhill will receive $1,068,920 from the U.S. Department of Housing and Urban Development for critical housing programs in the city

BOSTON, MA - August 4, 2009 - (RealEstateRama) -- Senators John Kerry and Edward Kennedy, together with Congressman Barney Frank today announced that New Bedford will receive a total of $4,486,663 from the U.S. Department of Housing and Urban Development for critical housing programs in the city.The federal funding comes as part of three national grant programs. The city will receive $3,010,541 as part of the Community Development Block Grants (CDBG) program, $131,648 as part of the Emergency Shelter Grants (ESG) program, and $1,344,474 as part of the HOME program