Lending

Equity

Lending

Our loans have a range of uses, including property acquisition, new construction, and rehabilitation of multi-family rental, homeownership, or mixed-use projects. We offer both non-profit and for-profit developers and community-based organizations construction financing, acquisition loans, pre-development loans, and bridge loans for Historic Tax Credits to sponsors of LIHTC and NMTC properties. We also offer lines of credit on a selective basis to customers with whom we have a long-standing relationship.
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Housing Tax Credit Program

Our Housing Tax Credit program drives the creation and preservation of affordable housing by leveraging federal and state tax credits alongside strong public-private partnerships. We deliver financing solutions for new housing construction, rehabilitation of existing properties, historic preservation efforts, and the adaptive reuse of buildings.
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Boston Acquisition Fund

The Boston Acquisition Fund provides low-interest loans to nonprofits, community land trusts, and socially-minded developers to acquire tenanted multi-family properties. The goal is to expand the City of Boston’s ability to prevent displacement, preserve affordability, and combat private investor competition in the housing market.
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New Markets Tax Credit Program

Since the Program was launched in 2000, MHIC has closed 119 projects totaling $972 million of NMTC allocation funding for nearly $945 million in project cost financing. MHIC is recognized as a national leader in the use of New Markets Tax Credits, the federal program created to stimulate economic development in low-income communities. Many of the financing structures we have crafted have been ‘firsts’ and considered models for similar financings used for other projects throughout the country.
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Regional NOAH Fund

MHIC's Regional Naturally Occurring Affordable Housing (NOAH) Fund is a strategic initiative designed to preserve and expand affordable housing by providing capital to nonprofit and socially driven developers. By focusing on small multi-family properties, particularly buildings with five to fifty units and two- to three-family homes, the fund aims to prevent displacement and ensure long-term affordability. This initiative intends to level the playing field, allowing mission-driven developers to compete against well-funded private investors.
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Healthy Neighborhoods Equity Fund

Launched in 2014 in partnership with the Conservation Law Foundation, HNEF invests in high-impact, mixed-use, mixed-income projects with demonstrated potential to positively transform neighborhoods, strengthen community and environmental health, and promote regional equity while providing attractive risk-adjusted returns for investors. Working with its public health and research partners, HNEF I created a new and groundbreaking impact scoring system.
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Download the One Stop Application Spreadsheet

Below, you’ll find the legacy Excel spreadsheet, still used by some municipalities in the Commonwealth,

formally required for the One Stop application process in Massachusetts:

One Stop Download

If you have any questions or need assistance, feel free to contact John Fitterer, fitterer@mhic.com.

MEET OUR EXPERTS

Brigid Ryan

Brigid Ryan

Deputy Director - Lending

ryan@mhic.com
(617) 307-2455

Brigid Ryan joined MHIC in August 2023 with broad experience in real estate finance, affordable housing and community development, and energy and climate policy. Prior to MHIC, she was Vice President with the Community Development Finance team at Silicon Valley Bank.

Beth O'Donnell

K. Beth O'Donnell

Managing Director - Lending

odonnell@mhic.com
(617) 307-2464

K. Beth O’Donnell joined MHIC in April 2023 and is responsible for managing and overseeing MHIC's lending programs. Beth brings over 20 years of experience executing complex real estate strategies in the public, private, and nonprofit sectors.

Meet Our Experts