MassHousing and the state Department of Housing and Community Development have announced $9.3 million in Affordable Housing Trust Fund (AHTF) loan closings for affordable housing communities in Boston, Centerville, Haverhill, Paxton, Westhampton and Worcester.

The AHTF financing will help create or substantially rehabilitate 318 apartments or single-room occupancy units in the six communities.

The AHTF provides resources to create or preserve affordable housing throughout the state. Funds are available for rental, homeownership and mixed-use projects as well as housing for the disabled and homeless, but may be applied only to the affordable units.

"Gov. Patrick has declared this week Housing Week in the Commonwealth, and these most recent loan closings from the Affordable Housing Trust Fund highlight the many important and diverse affordable housing communities being developed around Massachusetts,” Undersecretary of Housing and Community Development Aaron Gornstein said in a statement. "The projects will provide quality affordable housing to low-income and working families, senior citizens and formerly homeless individuals as we work toward our goal of creating 10,000 new multi-family units in Massachusetts.”

MassHousing, Department Of Housing And Community Development Announce $9.3 Million In Loan Closings On Affordable Housing

by Banker & Tradesman time to read: 1 min
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