Spring/Summer 2025

Agency News

BBJ Honors Rachel Madden

MassHousing's Chief Financial & Administrative Officer Rachel Madden will be recognized as part of the Boston Business Journal's 17th Annual CFO of the Year Awards on July 23. The program honors top chief financial officers from companies in the Greater Boston region.

Rental Housing

Healey-Driscoll Administration, MassHousing Announce First Momentum Fund Commitments

The Healey-Driscoll Administration and MassHousing have announced the first three financing commitments under the Momentum Fund, a first-in-the-nation state revolving fund to support mixed-income housing production. Created under the Affordable Homes Act, the Momentum Fund helps to accelerate the production of housing, especially middle-income units, without relying on typical grant and subsidy resources.

The first Momentum Fund commitments will advance

Homeownership

MassHousing Expands Statewide DPA Program to Serve More Massachusetts Homebuyers

MassHousing has expanded its Down Payment Assistance (DPA) program to help middle-income homebuyers in Massachusetts. Income-eligible homebuyers can now access down payment assistance of up to $30,000 or $25,000 when purchasing a home, condominium or 2-, 3- or 4-family property in any city or town in the Commonwealth.

The amount and terms of down payment assistance depend on a borrower's income and other factors. DPA from MassHousing can be used in combination with other assistance programs, such as the Federal Home Loan Bank's Equity Builder, and is only available with an affordable MassHousing Mortgage loan.

Learn more about MassHousing’s expanded Down Payment Assistance options.

MassHousing Recognizes Top Homeownership Partners

MassHousing recently hosted the Agency’s top Homeownership Partners, recognizing them for their continued contribution and commitment to supporting the Agency's mission of providing affordable, sustainable homeownership opportunities for Massachusetts residents.

Lenders receiving awards were:

Empowerment Award

(Below 80% AMI)

Rate

Empowerment Award

(BIPOC Homeowners)

USA Mortgage Network, Inc.

Community Bank Legacy Award

Salem Five Mortgage Company, LLC

Top Gateway City Lender

Guild Mortgage Company, LLC

Healthy Homes Award

BankFive

Energy Hero Award

Nectar Community Investments, Inc.

Congratulations, also, to Total Mortgage Services, MassHousing's Top Overall Partner Lender in calendar year 2024!

Housing Stability

Join TAP for 2025-2026

MassHousing's TAP program supports housing developments by providing a variety of resources and benefits to residents and staff. Each year, hundreds of rental housing developments across Massachusetts join TAP and have access to

Trainings for site staff
On-site programs and workshops for residents
Dispute resolution services
Hoarding consultation and flex funds.

Membership in TAP is available to affordable rental housing developments in Massachusetts. Learn more about TAP and enroll your site today by visiting www.masshousing.com/TAP.

Set-Aside Programs Empower Residents through Housing

Since 1990, MassHousing's Housing Stability Department has collaborated with a number of state agencies on the 3% Set-Aside Programs. These unique, collaborative initiatives help people with disabilities and older adults live in the least restrictive settings possible by providing access to community-based housing coupled with services and support to be successful members of the community.

Through the Set-Aside Programs, owners of rental housing financed by MassHousing, the Executive Office of Housing and Livable Communities, MassDevelopment and the Massachusetts Housing Partnership provide priority access to referrals from the Departments of Mental Health and Developmental Services, the Executive Office of Aging and Independence and MassAbility.

Heidi, a client of DMH, shared how the Set-Aside Program changed her life, opening new doors for her personally and professionally. Read Heidi's story.

Massachusetts Community Climate Bank

Energy Saver Home Loan Program Powers Falmouth Homeowner's Long-Awaited Decarbonization Project

David, a retired teacher, had been wanting to decarbonize his Falmouth home and make it more energy efficient. The Energy Saver Home Loan Program provided him with the affordable financing and expert guidance to do just that. David's project included a new roof to allow for the installation of solar panels (shown above), which will help to power new heat pumps.

Read/watch David's story.

MCCB and Partners Launch Mass. Energy Savings Finder

In partnership with Rewiring America, Abode Energy Management and a coalition of state government and energy efficiency program partners, the Massachusetts Community Climate Bank (MCCB) recently launched the Massachusetts Energy Savings Finder, a new digital tool that will make it easier for Massachusetts homeowners and renters to get incentives and tax credits to lower energy bills, boost energy efficiency, and upgrade to new home appliances.

Visit the Massachusetts Energy Savings Finder.