A Win for Affordable Housing in the Fenway
A religious order’s disposition of a 140-unit building was the perfect example of an opportunity to preserve this critical housing in a neighborhood with excellent access to public transit and amenities.
Major Renovations at 300-Unit Springfield Complex Financed
Bonds from MassDevelopment worth $39 million are set to finance major renovations at a 346-unit Springfield apartment complex, and help convert dozens of market-rate units in the building to affordable housing.
Advocates Celebrate 20K Mass. Affordable Units Preserved by Chapter 40T
In its first 10 years in effect, a state law meant to preserve affordable housing in Massachusetts has protected almost 20,000 units but one national advocate said Wednesday that preservation alone will not be enough to meet the demand for affordable housing.
Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
Among the looming questions about housing preservation that the Commonwealth’s affordable housing advocates and public officials are debating: Will affordable units funded through the Low Income Housing Tax Credit program after 1990 be preserved when they hit their 30-year restrictions?
Winn’s Purchase of Peabody Housing Community Will Preserve Affordability
With $49.3 million in affordable housing financing from MassHousing, WinnCos. will preserve affordability for lower-income households at The Tannery in Peabody for another half-century.
CPC Provides $25.4M to Refinance Multifamily Portfolio in Western Massachusetts
A New-York based nonprofit affordable housing and community revitalization finance company deployed more than $840 million in capital to communities in fiscal year 2018, a 102 percent increase over the company’s FY 2017 activity. Four of those projects were in Massachusetts.
Massachusetts Sets Affordable Housing Preservation Record
Massachusetts preserved 4,397 units of affordable...
