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.
Today, we attended Bisnow's Affordable Housing Conference, where our President and CEO, Moddie Turay, was a featured panelist. The event brought together industry leaders, experts, and visionaries in the affordable housing field to discuss the future of housing affordability.
Today, we joined residents, city officials, and partners to celebrate the acquisition of Fairlawn Apartments (formerly SoMA at the T) in Mattapan. Fairlawn Estates had previously faced increased rents that put residents at risk of eviction.
It is with deep sadness that we share the passing of William "Bill" P. Nickerson. He was a valued member of the NMTC Advisory Committee since 2014 and a supporter of MHIC's work since 2003. His unwavering commitment and dedication to our work, particularly in identifying investment opportunities in low-income communities, helped shape the direction of our efforts.
Today, Citizens' Housing and Planning Association (CHAPA)'s Federal Forum brought together hundreds of industry professionals from across the affordable housing and community development field. The event featured thoughtful discussions addressing the challenges faced by our industry and strategies for helping communities thrive through uncertain times.
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.
