MassHousing secures $44.6 million in financing through its CommonWealth Builder Program

The Preserve at Olmsted Green - Mattapan, MA

Boston, MA MassHousing has secured $44.6 million in financing through its CommonWealth Builder Program for six new homeownership development projects.

These projects will create 220 new affordable homes for first-time, moderate-income homebuyers in communities of color. The projects include Acre Crossing in Lowell, 120-122 Hancock St. in Dorchester, 270 Talbot Ave. in Dorchester, the Northampton Residences in Roxbury, the Preserve at Olmsted Green in Mattapan, and Stonley Brookley in Jamaica Plain.

The CommonWealth Builder Program aims to address the racial homeownership gap in Massachusetts by creating new homeownership opportunities in communities of color. It subsidizes the production of homes for buyers with incomes between 70% and 120% of their Area Median Income.

Tags: Financial Digest

Reprint

Previous Story Next Story

Example Story Title FD 1

Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19^th at the Babson Executive Conference Center in Wellesley, Mass.

Example Story Title FD 2

Example Story Title FD 3

Example Story Title FD 4

Example Story Title FD 5

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Example Story Title CDE 1

Columns and Thought Leadership

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.