MassHousing and Department of Housing and Community Development Announce Loan Closings on $11.5 Million in Affordable Housing Trust Fund Financing

BOSTON – September 6, 2013 – (RealEstateRama) — MassHousing and the state Department of Housing and Community Development (DHCD) announced $11.5 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing communities in Boston, Cambridge, Chicopee, Lawrence, Mashpee, Springfield and Stow. The AHTF financing will help create or substantially rehabilitate and preserve the affordability of 1,506 apartments in the seven communities. “Affordable housing is always in high demand across Massachusetts,” said Aaron Gornstein, Undersecretary for Housing and Community Development.