Massachusetts Housing Investment Corporation (MHIC)

We’re excited to announce the closing of West Housatonic Apartments through our Social Impact Fund! With $3.4 million in Federal LIHTC equity and a $3 million construction loan, MHIC is proud to support this mission-critical project, advancing a healthy, sustainable community in Berkshire County.? Located at 111 West Housatonic Street in downtown Pittsfield, MA, this 28-unit permanent supportive housing development will provide stable housing for individuals exiting homelessness. The building will include SRO apartments, community spaces, support offices, on-site laundry, and bicycle storage, with all units covered under a 20-year project-based Section 8 contract.? Congratulations to the Hearthway team and everyone who helped bring this transformative project to life! #AffordableHousing #SupportiveHousing #CommunityDevelopment #SustainableCommunities #SocialImpact #LIHTC #HousingStability #Massachusetts #BerkshireCounty #PittsfieldMA #EndHomelessness #MissionDriven #BuildingStrongerCommunities #HousingForAll #CDFIImpact #CommunityFinance #MissionDrivenLending #NonprofitFinancing #EquitableDevelopment #ImpactInvesting

Thank you to the Worcester Regional Chamber of Commerce for hosting the Construction & Real Estate Roundtable and convening leaders focused on solving the region’s housing shortage! MHIC is proud of our enduring commitment to the Worcester community. Over 34 years, we’ve invested more than $108 million to create 442 homes in the city. This year, we built on that legacy by financing Phase 1 of Curtis Apartments, MHIC’s largest single investment to date. We’re honored to support impactful projects and partnerships in the region as we work toward a more equitable future for Worcester.

It is with deep sadness that we share the passing of Thomas “Tom” Mark Alperin, a cherished member of MHIC’s Board of Directors since 2016. ? Tom was the founder and former president of National Development, a real estate investment and development firm renowned for bringing transformative projects to life across our region. His warmth, passion for our mission, and thoughtful guidance were evident in his active participation and the invaluable insights he provided to help grow MHIC over the past eight years. ? Tom’s impact extended far beyond our organization, touching countless lives through his dedication to fostering stronger, more vibrant communities. ? We are profoundly grateful for his contributions to MHIC and the legacy he leaves behind. He will be deeply missed by all who had the privilege to work with him. ? Thank you, Tom, for your vision, leadership, and unwavering commitment to our shared mission. Read more about Tom's life and legacy: https://lnkd.in/ecUZ3Ciy

Congratulations to Franklin Cummings Tech on reaching a major milestone in building its new campus! We’re thrilled to have celebrated at the Topping Off Ceremony. This project doesn’t just build infrastructure—it builds economic opportunity by making affordable education and quality job placements accessible to more students. This investment goes beyond investing in new facilities; it drives community impact. With expanded enrollment capacity, Franklin Cummings Tech is opening doors for students from all backgrounds. As part of MHIC’s commitment to Roxbury, we’re proud to support projects that reflect community priorities. Since 1990, we’ve invested over $500 million in Roxbury, supporting local businesses, housing, and vital services to keep this neighborhood vibrant and growing. #CDFI #NonprofitLending #CommunityDevelopment #HigherEducation #Boston #Roxbury #EconomicMobility #ImpactInvestment #WorkforceDevelopment #InclusiveGrowth #NeighborhoodRevitalization #mapoli #bospoli

Last week, members of the MHIC team had the honor of signing the final beam before it was raised, marking a significant milestone in the expansion of the Boys & Girls Club of Greater Lowell. Our team toured the project, seeing firsthand how our $8 million in New Market Tax Credits will help transform this facility into an even more powerful resource for the community, helping the Club meet its key goal of ending generational poverty. This goal will be supported by expanding services through a new teen center, arts and education spaces, a community café, and a teaching kitchen, all designed to meet the growing needs of local youth and families. With these additions, the Club expects to increase its reach from 137 to 450 youth served annually, strengthening programs like teen workforce development, mental health services, and academic support. Parents will also gain access to essential resources, including financial literacy classes, high school diploma equivalency programs, and skill-building workshops. This project represents more than just physical growth; it’s about creating lasting impact, supporting 30 full-time jobs, 50 part-time jobs, and 60 opportunities for teens. We’re proud to be part of a development that is making strides toward a brighter future for Greater Lowell. #CommunityDevelopment #YouthEmpowerment #BuildingForTheFuture #ToppingOff #NewMarketTaxCredits #BoysAndGirlsClub #GreaterLowell #ImpactInvestment #JobCreation #YouthPrograms #CommunityImpact #FinancialLiteracy #EducationForAll #MHIC #Lowell #CDFI #NMTC

We’re excited to welcome Silvia Rimolo to the MHIC team as our new Senior Asset Management Officer! Silvia brings deep expertise in asset management, handling complex portfolios, and navigating developments from initial operations through disposition. Her skills and insights will be invaluable in supporting our mission. Welcome aboard, Silvia!

We’re proud to celebrate the opening of the John J. Meany Senior Affordable Housing in Gloucester. This new development brings 44 affordable, service-enriched units to seniors, providing not only a home but vital on-site support services. As our fourth investment with the YMCA of the North Shore, this project is a testament to the power of strong partnerships in addressing the Commonwealth’s housing needs. We’re especially proud of the commitment to economic inclusion, with $2 million in goods and services sourced from BIPOC businesses. Since our founding in 1990, MHIC has invested in housing and community spaces that make a meaningful impact. The John J. Meany project is a prime example of building for a stronger future. Congratulations to everyone involved! #AffordableHousing #SeniorLiving #CommunityDevelopment #EconomicInclusion #BIPOCBusinesses #StrongPartnerships #HousingForAll #ImpactInvesting #GloucesterMA #MHIC

We're excited to welcome Alexis Horn-Snyder to MHIC as our new Associate Asset Management Officer! Alexis brings valuable experience in financial analysis and will support our portfolio of affordable housing investments across New England. Her work will be essential in ensuring the stability and success of our investments, helping us continue MHIC’s commitment to building healthy, equitable communities. Welcome aboard, Alexis!

MHIC is excited to announce the closing of Cheney Homes, a project led by Jamaica Plain Neighborhood Development Corporation (JPNDC) to address the critical need for affordable senior housing in Jamaica Plain. With $13.9 million in LIHTC equity from our Social Impact Fund, $2 million in loan participation with Eastern Bank, and $500,000 from our Capital Magnet Fund, we are investing in a future where seniors can age in place within their community. Cheney Homes will offer 48 affordable apartments, along with a dedicated facility that provides essential resources and PACE support, fostering a welcoming environment for all residents. This project goes beyond housing; it’s about strengthening an economically diverse, resilient community where seniors thrive and contribute to the rich fabric of Jamaica Plain. A heartfelt thank you to the dedicated team members who made this vision a reality. #AffordableHousing #SeniorLiving #CommunityDevelopment #HousingForAll #SocialImpact #InclusiveCommunities #LIHTC #JPNDC #CapitalMagnetFund #EasternBank #AgingInPlace #EconomicallyDiverse #NonprofitFinancing #CDFI #EquitableHousing #CommunityFinance #ImpactInvestment #SocialEquity #AffordableLiving #NeighborhoodDevelopment #FinancialInclusion #CommunityInvestment #ElderCareHousing #ResilientCommunities #SustainableCommunities #HousingJustice #EmpoweredCommunities

MHIC President and CEO Moddie Turay returned to Harvard University Graduate School of Design this past Wednesday, where he was a Loeb Fellow, to share insights on MHIC’s essential role in community development. Speaking to the complexities of the housing crisis, Moddie highlighted MHIC’s impact in advancing equitable, sustainable housing solutions that strengthen communities. Many thanks to Jim Stockard?for the opportunity to engage with his class and share insights on the affordable housing and community development field. #AffordableHousing #CDFIs #CommunityDevelopment #HousingChallenge #ImpactInvesting