Central & Western Mass · 2024

MHP offers a variety of capital sources to provide permanent financing for affordable rental housing. Since 1990, we have provided over $XX billion for the financing of over XX,XXX apartments. This gallery highlights some of the efforts we’ve financed in the last three years. For more information, contact MHP’s Nancy McCafferty or Alma Balonon-Rosen.

Auburn: Mary Stone Apartments (Copy)

Sponsor: Pennrose
Details: 55 mixed-income senior apartments
MHP loan: $1.8M
More: Historic rehab honor for Pennrose

Holyoke: Library Commons (Copy)

Sponsor: Wayfinders
Details: 38 affordable apartments
MHP loan: $550,000
Video: Resident delivers best ‘elevator’ speech ever

Holyoke: Lyman Terrace (Copy)

Sponsor: The Community Builders
Details: Rehab, preservation of 164 public housing units
MHP loans: $6.8M
More: National recognition for healthy features

Southbridge: Southbridge Mills (Copy)

Sponsor: Winn Development Corporation
Details: 48 affordable apartments
MHP Loan: $2.2M

Southbridge: Wells School (Copy)

Sponsor: Winn Development & Arch Communities
Details: 62 mixed-income apartments for seniors
MHP loan: $400,000
Video: Resident thankful for much-needed housing

Springfield: Mason Square Phase II (Copy)

Sponsor: First Resource Companies
Details: 60 affordable apartments
MHP loan: $650,000
More: Mason Sq. page from city’s Black history

Springfield: Knox Residences Phase I & II (Copy)

Sponsor: First Resource Companies
Details: 96 affordable apartments
MHP Loans: $700K

Worcester: Grand Street Commons (Copy)

Sponsor: Main South Community Development Corporation
Details: 48 affordable apartments
MHP Loan: $3.5M

Looking for an affordable rental unit? 

Visit Housing Navigator Massachusetts

To learn more about development MHP has financed throughout the years 

Visit our Project Portfolio