Housing production can get stuck at almost any stage, be it community input, zoning approval, hiring, material acquisition or construction. Affordable housing financiers are taking aim at a key barrier: accessing capital in the first place.
Efforts to diversify the largely homogeneous ranks of Massachusetts’ real estate developers hit a major milestone last week when MassHousing and the Massachusetts Housing Investment Corp. (MHIC) formally started accepting applications for their Equitable Developers Fund.
Two of Massachusetts’ biggest affordable housing lenders are teaming up to launch a fund aimed at growing the state’s cadre of minority developers.
