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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)

Congratulates Sandra Henriquez on new appointment with HUD and thanks her for her leadership in Boston. Boston, MA - June 11, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the appointment of Bill McGonagle as interim Administrator of the Boston Housing Authority. The move comes upon the departure of current Administrator Sandra Henriquez, who is taking a position with the US Department of Housing and Urban Development as Assistant Secretary of Public and Indian Housing.

Mayor Says Neighborhood Stabilization Program Resources Designed to Expedite the Restoration of Valuable Housing Stock March 23, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the availability of more than $4 million in Neighborhood Stabilization Program (NSP) funds for the acquisition and rehabilitation of foreclosed and abandoned properties by non-profit and for profit developers, the latest milestone in Boston’s efforts to stabilize those neighborhoods that have been disproportionately affected by foreclosures.