The Massachusetts Department of Housing and Community Development (DHCD) has added $2.9 million to the HOME Program, which it received through HOME loan payments. As with the prior collection of HOME Program Income, DHCD intends to make this additional HOME Program Income available for commitment to the new HOME rental development projects.
Dakota Partners recently closed on three projects: Brookside Terrace in East Greenwich, RI; Stockbridge Landing in Scituate, MA; and Depot Village in Hanson, MA.
MassHousing closed on a total of $78.8 million in financing to Beacon Communities LLC, to complete the third phase of the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston.
The Massachusetts Department of Housing and Community Development (DHCD) released its winter 2021 rental round notice of funding availability (NOFA). Pre-applications for the winter 2021 rental round are due on October 30, 2020, with full applications due on January 21, 2021.
The Massachusetts Department of Housing and Community Development (DHCD) is offering online training sessions on DHCD subsidy program occupancy requirements.
The Affordable Housing Tax Credit Coalition (AHTCC) announced recipients of the 2020 Charles L. Edson Tax Credit Excellence Awards, recognizing some of the most outstanding affordable housing developments across the country. Congratulations to the four NH&RA members receiving awards!
Stockbridge Landing is comprised of 68 two-bedroom townhouse-style condominiums. Fifty-one units will be sold at market rate and seventeen will be entered into the affordable housing lottery for workforce families.
The Massachusetts Department of Housing and Community Development posted two Notices of Funding Availability (NOFAs) for supportive housing projects to the state COMMBUYS system: Single Room Occupancy NOFA and Housing Trust Fund NOFA for Supportive Housing. If you are working on a project that you believe might qualify under one of the two NOFA, please […]
MassHousing provided a total of $30.3 million in affordable housing financing to the Fenway Community Development Corporation for the refinancing, major renovation and preservation of affordability for mixed-income households at the 97-unit Newcastle Saranac in Boston’s South End.
Pennrose has closed on financing for the 1.25-acre parcel and started construction on the 3-story 1920s era historic Mary D. Stone school building. The redevelopment plan includes the renovation of the historic school, demolition of later built wings, and construction of a new addition.
In response to the ongoing COVID-19 outbreak, Massachusetts Governor Charlie Baker (R) signed the eviction and foreclosure moratorium bill (H.4647). The law temporarily halts all stages of most evictions. For homeowners, the law temporarily stops foreclosures and requires lenders to offer mortgage forbearance for those affected by COVID-19. This bill, however, does not cancel missed […]