MHP News

MHP commits $2.2M for 67 units of rental housing in Pittsfield PITTSFIELD, October 29, 2008 --- Using its ability to provide private bank funds for affordable rental housing, MHP has committed $2.2 million in long-term financing to support a 67-unit new construction and rehabilitation project near in downtown Pittsfield.

MHP commits $1.2M to finance 10 rental units ARLINGTON, October 14, 2008 --- Using its ability to provide long-term, fixed-rate private financing for affordable rental housing, MHP has committed $1.2 million in first and second mortgage financing to help the Housing Corporation of Arlington (HCA) acquire, rehabilitate and preserve 10 units of affordable housing.

MHP commits $2.3M for affordable housing at former church site SOMERVILLE, Sept. 12, 2008 --- Community, local and state leaders gathered in early September to celebrate the beginning of the construction of 24 affordable rental units on the campus of the former Saint Polycarp Church, an effort made possible due in part to a long-term loan commitment from the Massachusetts Housing Partnership (MHP).

Patrick pledges $142 million to support affordable rental housing BOSTON, Aug. 12, 2008 --- Governor Deval Patrick has pledged more than $142 million from state housing programs and equity leveraged from private sector investment in low-income housing tax credits to support projects that will yield 1,218 rental apartments, 1,124 of which will be affordable for low- and moderate-income residents.

MHP commits $34 million to finance 331 units in suburbs BOSTON, July 15, 2008 --- With loan commitments totaling over $34 million, MHP is helping three suburban communities add 331 units of rental housing.

MHP commits $8.6 million to finance 156 rental apartments BOSTON, July 8, 2008 --- The Massachusetts Housing Partnership has committed $8.6 million to help three local non-profits create or rehabilitate 156 affordable units in Mattapan, Jamaica Plain, and Dorchester.

Common Ground, MHP preserve rental apartments in Lowell LOWELL, July 7, 2008 --- Common Ground Development Corp., a Lowell-based non-profit organization, is increasing its stake in the city and improving the neighborhood's stability by preserving the affordability of 25 apartments on Broadway in Lowell.

MHP supports new loan fund to buy, stabilize foreclosed properties BOSTON, July 1, 2008 --- Governor Deval Patrick announces details of unique low-interest loan fund for developers to buy abandoned and at-risk properties, and get them quickly reoccupied with new homeowners or renters.

MHP's interest rates now online BOSTON, June 6, 2008 --- At a time when lenders are shying away from the housing market, MHP continues to offer attractive financing for rental housing development and is now posting its rates online.

MHP loan supports rehab of elderly housing in Roxbury BOSTON, June 4, 2008 --- MHP joined state and local leaders to celebrate the rehabilitation of Walnut House, a longtime elderly housing residence near Roxbury's Egleston Square.