Affordable housing complexes for senior citizens and families in Framingham and Lawrence have received $14.9 million in loans from MassHousing.

The loans will be used to preserve affordability at the 110-unit Framingham Green Apartments in Framingham and the 150-unit Valebrook Apartments in Lawrence, which were in danger of converting to market-rate rents, according to a statement. Both communities are being refinanced through MassHousing’s Section 8 Proactive Preservation Program.

MassHousing loaned $6.1 million to an affiliate of E.A. Fish Assoc. to refinance Framingham Green, an affordable apartment community for senior citizens. As part of the terms of MassHousing’s loan, the owner will seek to extend the Section 8 Housing Assistance Payment (HAP) contract for all the apartments for the longest term possible, typically 20 years.

MassHousing loaned $8.8 million to an affiliate of Cambridge Development Corp. to refinance the Valebrook Apartments, an affordable apartment community for families in Lawrence. The owner renewed the Section 8 HAP contract on all 150 units at Valebrook Apartments for 20 years in July 2010.

"Framingham Green and Valebrook Apartments are just two of many affordable apartment communities in Massachusetts that are reaching the ends of their original mortgages and are in danger of converting to market rates,” said MassHousing Executive Director Thomas R. Gleason. "Refinancing these valuable affordable housing resources so they remain accessible to working families and seniors is a major priority for us.”

Framingham Green consists of 28 studio and 82 one-bedroom apartments in five two-story buildings at 136 Maynard Road. A capital improvement escrow will be established to fund property renovations that include window replacement, kitchen and bathroom upgrades and HVAC replacement, according to a statement.

The Valebrook Apartments consist of two mid-rise and three townhouse buildings at 9-11 Summer St.The development contains one-, two-, three- and four-bedroom units.