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MassHousing Closes on $25M Financing for Deep Energy Retrofit Projects

MassHousing recently closed on a total of $25.4 million in financing, including $13 million from the Massachusetts Community Climate Bank at MassHousing (MCCB), to two affordable rental housing communities, Treehouse at Easthampton Meadow in Easthampton and the Brian J. Honan Apartments in Allston.

The transactions involve the first commitments of funding from the MCCB to affordable rental housing communities. Both properties will utilize the financing from MassHousing and the MCCB to launch deep energy retrofit projects.

The clean energy investments at Treehouse and the Brian J. Honan Apartments are the first in a new demonstration program at MassHousing and the Climate Bank. The demonstration program is designed to accelerate deep energy retrofits at affordable housing communities in Massachusetts. 

“The deep energy retrofits at Treehouse at Easthampton Meadow and the Brian J. Honan Apartments demonstrate how clean energy and affordable housing investment work together, to create better outcomes for low-income residents and our climate,” said MassHousing CEO Chrystal Kornegay.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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