Featured News

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.

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.

The state-of-the-art early childhood education, care, and community center is located in the heart of the city and accessible by public transportation. It offers additional learning and childcare spaces, accommodating 65 more low-income children and allowing for 24 more children to be accepted through referrals from the Department of Children and Families.