When Others Say Say No, They Give a Quick Yes
A new fund managed by Massachusetts Housing Investment Corp., led by Moddie Turay, will offer financing to preserve private but moderately-priced housing.
Hot Property: Northampton Street Residences
Kaplan Construction is targeting a March 2025 completion date for the 40,000-square-foot Northampton Street Residences, a 47-unit condominium development for first-time, moderate-income homebuyers in Roxbury.
Moddie Turay Is Taking Aim at Barriers for Underrepresented Developers
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.
Mass. ‘Equitable Developers Fund’ Opens Doors
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.
MassHousing, MHIC Launch $75M ‘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.
Personnel File – No. 339
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Personnel File – No. 331
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest installment of Banker & Tradesman’s Personnel File.
CDFIs Can Lead the Charge on Equity in Community Development
Business leaders must continue to focus on communities of color, understanding that ongoing commitment to affordable housing and economic development is vital for equity.
Personnel File – No.292
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Partnerships Push Loan Past Economic Turbulence
When South Shore Bank brought on City Fresh Foods as a new client, the bank found itself just one piece in a multi-partner effort to help the Roxbury-based food services provider open a new facility even as interest rates and construction costs soar.
Rockland Financing Backs Porter Square Affordable Units
A $17.7 million financing package by Rockland Trust Co. will support development of a 40-unit affordable housing project in Cambridge’s Porter Square.
Largest Affordable Housing Community in Cambridge in 40 Years Moves Ahead
Homeowners Rehab Inc. has received funding for a 98-unit apartment community in Cambridge to be called Concord Highlands. It will be the largest affordable housing community in Cambridge in 40 years, with all units being deed-restricted and affordable.
Bringing an Urban Perspective to North Shore Development
Sarah Barnat’s career in real estate development has spanned projects in two of Boston’s fastest-changing neighborhoods, South End and East Boston, as a project manager for Trinity Financial and National Development.
Four MA Groups Awarded $185M In Tax Credits
Four Massachusetts community development organizations will receive $185 million in the latest round of new markets tax credits awarded by the U.S. Department of the Treasury.
Cambridge Developer Kicks Off Braintree TOD Project
Cambridge developer Joshua Katzen has begun construction of Landing 53, a 172-unit transit-oriented development near the MBTA’s Weymouth Landing-East Braintree commuter rail station.
MassHousing Executive Director Re-elected President Of National Council Of State Housing Agencies
MassHousing Executive Director Thomas R. Gleason has...
MHIC, Merrill Lynch Finance New Surgical Center At Lawrence General
Massachusetts Housing Investment Corp. (MHIC) and...
