Massachusetts Housing Finance Agency Regular Meeting
The meeting included a review of several housing development projects and policy updates. The Board discussed and approved the transfer of ownership of the Nuestra Comunidad Development Corporation portfolio and a change of control of the sponsor and borrower for the Bartlett Station F5 project. The CEO provided updates on the Down Payment Assistance Program, the new Accessory Dwelling Unit loan program, and the transition from a traditional strategic plan to a new strategic framework initiative based on guiding principles and annual priorities. Additionally, the Board approved financing and tax credit requests for The Waterhouse 4% and 9% projects, the 135 Dudley Street development, and the Veterans Home Chelsea Phase I project.