Our mission-driven investors have collectively committed over $2.15 billion to finance affordable housing and community development.

PARTNER WITH US

Partnering with MHIC offers competitive rates and terms, as well as efficient decision-making based on proven strategies.

Our underwriting is driven by specialized professionals who ensure thoughtful risk assessment and sound investment decisions. Our experienced Asset Management team continually hones its methods for monitoring real estate, tax, and regulatory performance, and makes extraordinary efforts to communicate critical information to investors and sponsors.

PARTNER WITH US

Investors can select to provide equity capital to six programs:

Housing Tax Credit Program
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.
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Lending
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.
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New Markets Tax Credit Program
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.
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Healthy Neighborhoods Equity Fund
Launched in 2017 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.
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Regional NOAH Fund
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.
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Boston Acquisition Fund
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.
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Investor Management

MHIC is a federally certified community development financial institution (CDFI).

Since 2005 has been rated by AERIS™, the CDFI Assessment and Rating System, a comprehensive, third-party analysis that provides guidance to investors and donors. MHIC is audited annually by an independent public accounting firm and has consistently received an unqualified opinion.

Meet Our Experts

MEET OUR EXPERTS

Sean Beirne

Sean Beirne

Director - Capital Development

beirne@mhic.com
(617) 307-2462

Sean Beirne joined MHIC in July 2023 and is currently Director of Capital Development. He is responsible for identifying and securing institutional capital for the company’s multi-investor and proprietary fund offerings and managing all aspects of investor relations. Sean has over twelve years of finance experience with a focus on real estate investment and development. Sean has held positions at organizations, including Citizens Bank, Boston Financial Investment Management, and Berkeley Point Capital.

Mason Sheeler

Mason Sheeler

Senior Fund Manager

sheeler@mhic.com
(617) 307-2463

Mason Sheeler joined MHIC in September 2005 as an Asset Manager where he was responsible for managing a portfolio of LIHTC and NMTC investments. He was promoted to the position of Deputy Director of Asset Management in August 2014 and most recently to the position of Senior Fund Manager where he manages the performance of equity portfolios and investments. He is also responsible for managing various financial transaction of the MHIC, MHEF, NMTC and HNEF equity funds and investor capital contributions.