MassHousing and MHIC Launch $50M Fund

MassHousing and MHIC Launch $50M Fund

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts