MassHousing and the Healey-Driscoll administration announced the first financing commitment under the Momentum Fund, a first-in-the-nation state revolving fund to support mixed-income housing production. This initial public equity financing will advance the development of the Residences at East Milton in Milton, creating a total of 92 new mixed-income rental homes, including 23 new affordable rental homes. It is the first transaction of its kind in Massachusetts.
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