Massachusetts Housing Investment Corporation (MHIC) pioneered attracting investor capital for LIHTC tax credit properties in New England, and developed a loan pool for construction and acquisition lending. Since 1990, MHIC has financed $2.16 billion in lending for preservation or creation of more than 19,000 housing units and four million square feet of commercial space. Approximately 17% of its lending is in rural areas. In 2000, MHIC’s product lines expanded to include the New Markets Tax Credit (NMTC) Program, and again in 2008 with the Neighborhood Stabilization Loan Fund to address the mortgage foreclosure crisis. To-date, MHIC has raised more than $2.19 billion from more than 106 institutional investors to support its LIHTC activities in Massachusetts, Rhode Island and Connecticut, and its NMTC activities throughout New England.
Boston:Rehab of Webb building and new construction to create 12,672 sf of office space and 37 housing units
Hingham: New construction of 8 homeownership units
A mixed-income apartment complex in Brockton. The building is a historic factory that has been restored to provide housing for families with low- and moderate-income.
A 94-unit development in Springfield. All nine buildings in the area have been renovated to provide affordable rental housing to families with low- and moderate-income.
A 199-unit rental community in Boston. It is designed for individuals with low- and moderate- income. The complex is reserved for the elderly and disabled.
A 103-unit mixed-income development in Boston. It is affordable for households with low- and moderate- income. Amenities include ground floor commercial/retail space, underground parking, and dramatic landscape improvements.
