Massachusetts

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The Massachusetts Housing Finance Agency, d.b.a. MassHousing

MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people.

Relationship to the State Government: Independent Authority

Current Staff Size: 306

 

Visit MassHousing's Website
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1966

MassHousing is established

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1970

First multifamily project completed (Rolling Green at Amherst)

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2003

Demonstration Disposition Program

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2004

MassHousing creates MIPlus® mortgage insurance for home buyers

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2016

MassHousing creates a first in the nation $100 million Workforce Housing program

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2019

CommonWealth Builder program launched

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2020

MassHousing launches Workforce Advantage home mortgage loan program

$27.5B

Total Financing Provided

125,000

Renters Served Since 1966

102,120

Homeowners Served Since 1966

Signature Program

CommonWealth Builder (CWB) and Workforce Advantage (WFA)

Working in tandem, these two programs address the racial home ownership gap by subsidizing new construction of for-sale houses and condominiums for moderate income buyers and providing affordable home loans with down payment assistance of up to $25,000 for buyers of those units. The focus is on Boston, 26 mid-size cities and qualified census tracts.

Number of Home Buyers to Date: 75

Future Focus

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Chrystal Kornegay 

Executive Director

“As we transition to a post COVID world, we are focused on increasing our lending, strengthening our longstanding commitment to diversity and inclusion and helping the Commonwealth of Massachusetts recover and be stronger than ever.”

Success Stories
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Sonia Manley

 

Brockton, MA

Sonia started with online homebuyer education through Framework, then worked with Century 21 to find a home in Brockton. She then connected with Residential Mortgage Services (a MassHousing-approved lender) which guided her through the process of applying for and closing a MassHousing mortgage loan. The loan included down payment assistance of 3% of the home’s price, which made the purchase even more affordable.

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Chazzie Henderson

 

Quincy, MA

Chazzie Henderson moved from Florida to start a new job as a 5th grade teacher in Boston. She did not earn enough to afford a market-rate apartment yet earned too much to qualify for a traditional subsidized unit. At The Watson, a new apartment complex in Quincy, she qualified for a workforce unit and now pays a rent she can afford, in an economically diverse community with market-rate tenants, lower-income residents and middle-income families.

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The Watson, Quincy, Massachusetts
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Holmes Beverly, Beverly, Massachusetts
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The Meeting House, Dorchester, Massachusetts
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Latisha Steele, Boston. MassHousing borrower and homeowner
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The Murray Family, North Adams. MassHousing borrowers and homeowners.