We are proud to announce that MHIC’s first transaction as the administrator of the Boston Acquisition Fund (BAF) closed last week! This financing supports nine units of naturally occurring affordable housing (NOAH) across two buildings in Roxbury, ensuring they remain accessible to residents for generations to come.
By leveraging BAF as a 20% participant in the FHLB-advance first mortgage, we secured a competitive 5.89% interest rate, demonstrating the Fund’s ability to support impactful, sustainable housing solutions.
We are proud to play a role in preserving long-term affordability and look forward to continuing our work in partnership with the community!
