Masshousing closes $6.1 million loan
MassHousing has closed on a $6.1 million Low Income Housing Tax Credit Equity bridge loan for the acquisition, preservation and renovation of the 45-unit Lucerne Gardens in Boston's Dorchester neighborhood.
MassHousing announced Oct. 12 that it provided nearly $1 billion in financing for affordable housing in fiscal year 2012, setting a new one-year lending record.