MassHousing's Board of Directors voted today to approve a $14.4 million loan commitment to preserve affordability at Mason Place, a 127-unit development for low-income seniors in Boston. The building, which at one time was the home of the Boston Herald and Traveler Newspaper, sits adjacent to Millennium Place in the city's fashionable Ladder District.
MassHousing, the state's affordable housing bank, today announced that it has made a $7.065 million loan commitment to preserve affordable housing for low-income and disabled households at the 134-unit Binnall House Apartments in Gardner.
MassHousing, the state's affordable housing bank, today announced that it has committed $11.1 million to preserve 120 units of affordable elderly housing at King James Court Apartments and 114 affordable units at Pine Crest Apartments, two rental developments in Orange. Without these financing commitments from MassHousing, King James Court Apartments and Pine Crest Apartments were likely to convert to market rate.