MassHousing and the Massachusetts Housing Investment Corporation have collaborated to establish a groundbreaking $50 million Equitable Developers Fund. This fund aims to provide enterprise-level financing opportunities for developers from marginalized communities, making it the largest publicly-led program of its kind in the nation.
According to Moddie Turay, CEO of Massachusetts Housing Investment Corporation, this is a significant milestone as it is rare for programs to meet their goals with adequate resources. The fund’s substantial amount demonstrates a strong commitment towards investing in socially and economically disadvantaged companies by providing support at their core operations.
