Archives

MassHousing Receives Leader in Diversity Award from Boston Business Journal

BOSTON, MA - October 21, 2010 - (RealEstateRama) -- MassHousing was honored with a Leader in Diversity Award today by the Boston Business Journal for the Agency’s dedication and success in promoting the use of Minority and Women-Owned Business Enterprises (M/WBEs)

MassHousing Receives Three National Housing Awards for Excellence

BOSTON, MA - October 18, 2010 - (RealEstateRama) -- The National Council of State Housing Agencies (NCSHA) recently presented MassHousing with three awards for program excellence at the NCSHA’s 40th annual conference in Boston

Urban Edge recognizes MassHousing for supporting youth programs

October 8, 2010 - (RealEstateRama) -- Community development organization Urban Edge honored MassHousing with a Service to Youth Award at the organization's annual meeting, September 28. The award was largely due to MassHousing's ongoing support of employment and leadership programs for at-risk youth at MassHousing and Urban Edge housing communities.

MassHousing Announces Loan Closing of $6.3 Million to Preserve Affordable Housing for Low-Income Families...

BOSTON, MA - September 16, 2010 - (RealEstateRama) -- MassHousing announced a loan closing today of $6.3 million to preserve affordability for low-income families at the 140-apartment Joseph’s House in Fitchburg

MassHousing Announces Loan Closing of $5.9 Million to Preserve Affordable Housing for Low-Income Families...

BOSTON, MA - August 16, 2010 - (RealEstateRama) -- MassHousing announced a loan closing today of $5.9 million to preserve affordability for low-income families at the 86-apartment St. Michael’s House in Northampton.

New Funds Now Available to First-Time Homebuyers Who Purchase and Rehabilitate Foreclosed Homes in...

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.

MassHousing Announces $2.4 Million in Loan Commitments for the Development of Affordable Senior Rental...

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.

MassHousing Announces $13.5 Million Loan Commitment for Phase 2B in the Redevelopment of the...

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.

MassHousing Honors 12 Top-Producing Lenders for Their Commitment to Affordable Housing

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.

MassHousing Announces $110.6 Million in Loan Commitments for the Preservation of Affordable Housing for...

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

MassHousing Awards $180,000 for Sober Housing and Services for Women

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

MassHousing Announces $26.9 Million Loan Commitment for the First Phase of the Old Colony...

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)

MassHousing Executive Director Thomas R. Gleason Selected to Serve on Fannie Mae’s Affordable Housing...

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.

New Funds Now Available to First-Time Homebuyers Who Purchase and Rehabilitate Foreclosed Homes in...

Partnership between MassHousing, city of Haverhill and Haverhill Bank will help create opportunities for qualified buyers who purchase properties in need of repair. BOSTON, MA - April 15, 2010 - (RealEstateRama) -- MassHousing, Haverhill Mayor James J. Fiorentini and Haverhill Bank announced a new initiative today to make grant funds available to first-time homebuyers who purchase foreclosed homes in Haverhill. Qualified homebuyers who obtain a MassHousing Mortgage through Haverhill Bank will be eligible for a second loan to assist in rehabilitating the foreclosed property. The second loan will be funded through the Neighborhood Stabilization Program (NSP), which was created in federal economic recovery legislation.

MassHousing receives largest allocation of private activity bonds in state history

$560 million allocated by Patrick Administration for affordable home mortgages and to build or preserve affordable rental housing. BOSTON, MA - April 12, 2010 - (RealEstateRama) -- MassHousing has received from the Executive Office for Administration and Finance an allocation of $560.8 million in private activity bonding authority for calendar year 2010. It is believed to be the largest allocation to one quasi-public agency of so-called “private activity bonds” in state history.

Recent

AG Healey Secures $2 Million in Restitution for 20,000 Massachusetts Homeowners...

One of the nation’s largest mortgage servicers will pay $2 million in restitution to resolve allegations that it violated state law and committed unfair and deceptive practices by charging Massachusetts homeowners for unnecessary fees and overpriced force-placed insurance policies, Attorney General Maura Healey announced today