
POAH Gets Eastern Bank Financing for Mashpee Project
Financing from Eastern Bank will enable a Boston-based nonprofit housing developer to complete 39 income-restricted apartments in Mashpee.
Financing from Eastern Bank will enable a Boston-based nonprofit housing developer to complete 39 income-restricted apartments in Mashpee.
A financing package provided by federal, state and local sources will preserve 45 units of affordable housing and renovate a Springfield property.
Tax-exempt financing from MassDevelopment will enable a Holyoke community action agency to preserve a two-building portfolio of affordable apartments.
Gov. Maura Healey spotlighted the effects of Massachusetts’ housing affordability crisis on vulnerable populations in announcing $62 million that will support construction of 450 supportive housing units.
Silicon Valley Bank’s failure is creating a potential gap in financing for Massachusetts affordable housing projects and risks for commercial landlords that have a concentration of tech and life science tenants.
Boston-based Beacon Communities has received $38.5 million in financing to renovate a pair of Brockton housing complexes and preserve affordability restrictions for at least 30 years.
Nearly $12 million in financing from the Boston-based Community Economic Development Assistance Corp. will support a group of affordable housing projects across Massachusetts.
Thanks to a coronavirus pandemic-fueled mortgage boom, states will get nearly $700 million in federal grants from a special program for low-income housing, more than double the amount distributed last year.
A nearly $7.9 million loan from Rockland Trust Co. will preserve and rehabilitate a pair of affordable housing properties in Lowell.