Industry News

Market Embraces Workforce Housing

Market Embraces Workforce Housing

MassHousing launched the nation’s most ambitious state-level initiative specifically aimed at building middle-income affordability because we saw the housing market struggling to respond to the housing needs of Massachusetts’s working families.

MassDevelopment Provides Nearly $23M In Bonds For JP Nursing Facility

MassDevelopment Provides Nearly $23M In Bonds For JP Nursing Facility

MassDevelopment has issued $22.8 million in tax-exempt bonds for Lutheran Home of Jamaica Plain Inc., a subsidiary of Ascentria Care Alliance Inc. Ascentria used bond proceeds to buy Laurel Ridge Rehabilitation & Skilled Nursing Center, a 120-bed skilled nursing facility in Boston’s Jamaica Plain neighborhood. Berkshire Bank purchased the bonds.

Giant Shoe Sculpture Seeks New Home

Giant Shoe Sculpture Seeks New Home

Team Haverhill and Haverhill Bank are partnering to find a new home for one of the original shoe sculptures created for the Soles of Haverhill project. The shoe, designed by luxury department store Nordstrom, has been on display at the bank’s Lafayette Square branch since 2009. The shoe sculptures salute Haverhill’s celebrated manufacturing history as the Queen Slipper City.

Baker Administration Awards $72M To Create, Rehab And Preserve Nearly 2,000 Homes

Earlier this week, Gov. Charlie Baker announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects in 17 communities for the creation, rehabilitation and preservation of 1,970 housing units across the commonwealth, including 402 units reserved for very low-income families and families making the transition out of homelessness.

Mortgage Rates Drop Again

Mortgage Rates Drop Again

Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty.