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Mixed-Income Financing Program

MassHousing provides tax-exempt and/or taxable financing for the acquisition, rehabilitation and/or construction of multifamily rental housing.

Who it's for

  • Developers of new, market-driven rental housing
  • Owners of market-rate developments who wish to refinance with MassHousing

Program Details

Affordability Requirement

For Tax-Exempt financing, at least

  • 20% of units must be rent-restricted and occupied by households with incomes of 50% or less of area median income, or
  • 40% of units must be rent-restricted and occupied by households with incomes of 60% or less of area median income

For Taxable financing, at least

  • 20% of units must be rent-restricted and occupied by households with incomes of 80% or less of area median income

Other Information

  • The remaining units may be rented at market rates
  • Construction and permanent loans are available for terms of up to 40 years

For more information on this program, view the Mixed-Income Financing Term Sheet or contact Antonio Torres in MassHousing's Rental Lending Division at 617.854.1361.

 Mixed-Income Documents
Document  Mixed-Income (Taxable/Tax-Exempt) Financing Program Term Sheet

Documents for Developers

You can find more forms, brochures, term sheets and other publications in our Developer Library