On July 3rd, MHIC closed a $5 million first mortgage loan to support the acquisition of an 18-unit portfolio of Naturally Occurring Affordable Housing (NOAH) across three multifamily buildings in Boston’s Mattapan neighborhood. All 18 units will continue to serve as stable transitional housing for formerly homeless mothers and their children.
This marks the second acquisition through MHIC’s Boston Acquisition Fund NOAH initiative and reflects our broader commitment to preserving affordability, preventing displacement, and supporting emerging affordable housing developers.
We’re proud to partner on this effort and to bring competitive, flexible financing solutions to a market where they’re needed most.
MHIC Closes $5MM Boston Acquisition Fund Investment
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