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MassHousing Providing $51M for Two Affordable Housing Projects | Tony Seruga
Dec
29

MassHousing Providing $51M for Two Affordable Housing Projects

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Madison Park Village III in Roxbury will receive $35 million in financing for property upgrades.

BOSTON—MassHousing reports it is providing nearly $51 million in financing to fund extensive improvements to two affordable housing communities in Roxbury and Lynn.

The finance agency reports it has extended $35 million in financing for improvements at the 120-unit Madison Park Village III in Roxbury. According to MassHousing officials, a component of the financing with property owner Madison Park Development Corp. extends the federal Section 8 Housing Assistance Payment contract for 15 years…

MassHousing Providing $51M for Two Affordable Housing Projects

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