Our Housing Tax Credit program drives the creation and preservation of affordable housing by leveraging federal and state tax credits alongside strong public-private partnerships. We deliver financing solutions for new housing construction, rehabilitation of existing properties, historic preservation efforts, and the adaptive reuse of buildings.

Our loans have a range of uses, including property acquisition, new construction, and rehabilitation of multi-family rental, homeownership, or mixed-use projects. We offer both non-profit and for-profit developers and community-based organizations construction financing, acquisition loans, pre-development loans, and bridge loans for Historic Tax Credits to sponsors of LIHTC and NMTC properties. We also offer lines of credit on a selective basis to customers with whom we have a long-standing relationship.

Since the Program was launched in 2000, MHIC has closed 119 projects totaling $972 million of NMTC allocation funding for nearly $945 million in project cost financing. MHIC is recognized as a national leader in the use of New Markets Tax Credits, the federal program created to stimulate economic development in low-income communities. Many of the financing structures we have crafted have been ‘firsts’ and considered models for similar financings used for other projects throughout the country.

Launched in 2014 in partnership with the Conservation Law Foundation, HNEF invests in high-impact, mixed-use, mixed-income projects with demonstrated potential to positively transform neighborhoods, strengthen community and environmental health, and promote regional equity while providing attractive risk-adjusted returns for investors. Working with its public health and research partners, HNEF I created a new and groundbreaking impact scoring system.

MHIC's Regional Naturally Occurring Affordable Housing (NOAH) Fund is a strategic initiative designed to preserve and expand affordable housing by providing capital to nonprofit and socially driven developers. By focusing on small multi-family properties, particularly buildings with five to fifty units and two- to three-family homes, the fund aims to prevent displacement and ensure long-term affordability. This initiative intends to level the playing field, allowing mission-driven developers to compete against well-funded private investors.

The Boston Acquisition Fund provides low-interest loans to nonprofits, community land trusts, and socially-minded developers to acquire tenanted multi-family properties. The goal is to expand the City of Boston’s ability to prevent displacement, preserve affordability, and combat private investor competition in the housing market.