We’re proud to announce the closing of MHIC’s Social Impact Fund, a $63.7 million initiative investing in communities that need it most. This fund has supported nine developments across Massachusetts, creating 342 affordable homes for seniors, individuals experiencing homelessness, youth aging out of foster care, and others facing economic hardship.
“Our mission has always been about creating real and lasting impact,” said Moddie Turay, MHIC President & CEO. “This fund represents our deep commitment to economic opportunity, supporting local businesses, and fostering sustainable development.”
This milestone is part of MHIC’s long-standing commitment to economic inclusion—having directed $845 million to local, socially and economically disadvantaged businesses—and to advancing equitable, sustainable development across New England.
A huge thank you to our investors and developer partners who share our vision for stronger, more resilient communities. Together, we’re building lasting opportunities.
