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Boston & New England  + Boston  + Apartments  |  October 23, 2023
Emily Fu
By: Emily Fu

MassHousing Lands $45M for Six Homeownership Projects 

MassHousing has secured $44.6 million in financing through its CommonWealth Builder Program for six new homeownership development projects.  

These projects will create 220 new affordable homes for first-time, moderate-income homebuyers in communities of color. The projects include Acre Crossing in Lowell, 120-122 Hancock Street in Dorchester, 270 Talbot Avenue in Dorchester, the Northampton Residences in Roxbury, the Preserve at Olmsted Green in Mattapan, and Stonley Brookley in Jamaica Plain.  

The CommonWealth Builder Program aims to address the racial homeownership gap in Massachusetts by creating new homeownership opportunities in communities of color. It subsidizes the production of homes for buyers with incomes between 70% and 120% of their Area Median Income. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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