Featured News

We are thrilled to announce that last Friday MHIC officially closed a $8.8 million LIHTC investment to 4 Mellen Street! This equity investment will fund the redevelopment of an underutilized property into a 29-unit, 100% affordable rental development located just outside Harvard Square in Cambridge.

We’re excited to share MHIC’s refreshed brand and fully redesigned website, a modern update that captures the energy, impact, and future of our work. Our new site offers an updated design, improved navigation, and more accessible content, making it easier than ever to learn about who we are, what we do, and how we’re creating lasting change across New England. This relaunch is designed to better serve our partners, investors, and the communities at the heart of our mission.

We are excited to announce that that 2nd Regional NOAH acquisition has officially closed! Through MHIC's Regional NOAH Fund, The Neighborhood Developers acquired 27 additional units of naturally occurring affordable housing in Chelsea.

Registration is now open for MHIC's 35th Anniversary Annual Meeting and Award Ceremony on Wednesday, June 4th at 5:00 PM! Join us for an evening of celebration as we reflect on 35 years of milestones, growth, and community and look forward to the next chapter of impact and innovation. Don't miss out on this exciting event!

On Tuesday, leaders from philanthropy, state and local government, and the community development sector gathered at the Barr Foundation to explore how we can drive more capital into the preservation of Naturally Occurring Affordable Housing (NOAH) across Eastern Massachusetts through MHIC’s Regional NOAH Fund.

Today, we attended the ribbon cutting for the Betty Green Apartments! MHIC contributed a $16.3 MM LIHTC investment towards this project, and we are so proud to see its completion.

Today, we closed an $8,000,000 New Markets Tax Credit Allocation to Esperanza Academy in Lawrence, MA to support the development of a new 31,500 square foot school to improve education access for low-income girls!

We are thrilled to announce that on Friday we closed an $8 million New Markets Tax Credit Allocation to the Boys & Girls Club of Greater Lowell, providing critical gap funding to support the Club’s effort to renovate and expand their existing facility.

MHIC closed a $7,000,000 New Markets Tax Credit Allocation to the Connecticut Center for Arts and Technology 'ConnCAT' today! This investment will support the construction and operation of a 65,000-square-foot, multi-tenant community services building, hosting workforce training, affordable childcare, mental and behavioral healthcare, as well as economic development initiatives.