Despite rising home prices and lagging wage growth, lenders can count on Millennials to be among the borrowers this spring, with more and more becoming first-time homebuyers thanks to down payment assistance programs.
A $4.1 million contribution from MassHousing will support construction of workforce housing units in Dorchester using energy-saving passive house designs.
A Philadelphia multifamily developer has begun leasing 65 units of affordable and workforce housing on Cape Cod in a project that received Community Preservation Act and MassHousing financing.
State officials and nonprofit housing organizations plan to develop a second-in-the-nation online tool over the coming year to make every affordable rental unit listing available on a single platform, and give property managers a simple way to manage their listings online.
Down payment assistance is driving strong, mission-driven lending in a difficult market. That’s why MassHousing is expanding our down payment assistance program, to make sustainable homeownership possible for more buyers, in more communities across the state.
A $46-million mill redevelopment by Boston-based Trinity Financial has delivered 102 units of mixed-income housing to Lawrence’s Arlington Mills district.
Developer Robert Korff’s newest plans to remake Newton’s Washington Street corridor include a $139 million apartment complex called Dunstan East on 11 parcels including the Barn shoe store property.
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.
Massachusetts is pouring an additional $86 million into creating 260 new workforce housing apartments and 500 homes for moderate-income, first-time buyers.
If housing instability or a lack of a service-rich environment drives overutilization of the health care system, health care providers should be able to write a prescription for an affordable home, equipped with supportive resident services.
Cambridge is considering a bold step designed to boost its affordable housing inventory: allow developers to build taller buildings anywhere in the city if they agree to build only 100 percent income-restricted units.
Lt. Gov. Karyn Polito and others in the Baker administration to continue to try to build public support for a proposal to make housing-friendly zoning easier to pass. The legislature’s timeline for considering the measure, however, remains unclear.
MassHousing has provided a total of $11.6 million in affordable housing financing to the nonprofit Retirement Housing Foundation for the renovation and preservation of two adjacent affordable housing communities in Orange.
A Brighton housing community for seniors will stay affordable through 2052 thanks to a $44.8 million in financing from MassHousing.
A nonprofit community development organization will rehabilitate 146 units of affordable housing in Boston’s South End as part of a just-launched $47.2 million project.
The head of Massachusetts’ affordable housing finance agency has been appointed to the board that closely oversees the Massachusets Bay Transportation Authority.
A downtown Springfield affordable apartment building is getting a $50 million investment from the state for renovations and the preservation of nearly 500 affordable housing units.
Homeownership is a marker of a middle-class lifestyle, and a vehicle that creates family wealth over generations. But in Massachusetts, and across the US, the prosperity that homeownership unlocks is not enjoyed equally.
Fifteen of the 65 new apartments at the Village at Nauset Green will be workforce housing units that will be affordable to families earning between 61 percent and 90 percent of the area median income. The remaining 50 units will be traditional affordable housing units, affordable to households earning up to 60 percent of AMI.
The Asian Community Development Corp. (ACDC) of Greater Boston has purchased Martensen Village, a 12-unit affordable housing community in Quincy.
