Massachusetts Housing Investment Corporation (MHIC) closed on $81.1 million in financing for housing and community development projects during the summer in Massachusetts, Connecticut and Vermont.

MHIC’s investments were made for new housing construction as well as for rehabilitation and preservation of existing housing in Cambridge, Springfield, Lawrence, Stowe, Framingham and Watertown, according to a press release. Acquisition and construction loans and low-income housing tax credit investments were used to finance 543 units of housing in those communities.

New Markets Tax Credit financing, financing designed for community development and commercial projects, was used to finance projects such as the adaptive reuse of a historic building in Springfield to create a new headquarters for New England Public Radio.

Other projects financed by MHIC since July 1 include $3.3 million in low-income housing tax credit financing to build 18 new units of affordable family rental housing at 108 Newbury St. in the Lawrence’s North Common Neighborhood and $1.44 million in low-income housing tax credit investment, with Cambridge Savings Bank as the investor, to finance acquisition, renovation and preservation of 25 units of senior housing in Watertown.

"The projects we financed over the past two months demonstrate the broad range of the developments we invest in, and the impact those projects have in their communities," Peter Sargent, MHIC director of capital development, said in a statement. "In the end, for MHIC and for our investors, it’s all about creating and preserving affordable housing, building strong and sustainable communities and creating jobs."

[Editor’s note: The original version of this story misstated the amount of financing MHIC closed on for housing and community development projects during the summer in Massachusetts, Connecticut and Vermont.]