Massachusetts Housing Investment Corporation

Financial ServicesMassachusetts, United States11-50 Employees

Affordable Housing and Community Development Finance ________ -The Place Borrowers Go for Difficult-to-Finance Projects MHIC was founded in 1990 by a consortium of banks and other corporate investors to take on the most difficult affordable housing projects and make them work. In response, MHIC has developed a broad range of innovative financial and investment products, a tailored approach, an experienced staff, and methodologies to insure that the projects it finances are completed successfully and are of high quality. ________ -For Investors - A Partner in Prudent and Profitable Community Investment For investors, MHIC provides excellent opportunities to prudently and profitably finance community development. Investors include large and smaller, community banks, and other financial institutions that want to concentrate investments in communities that need it most, and to get a reasonable rate of return. MHIC offers several investment vehicles designed to channel capital to the most under-served areas of the state. ________ -Building Strong, Self-Sustaining Communities By teaming up with dedicated sponsors and investors who want to participate in carefully-targeted community development, MHIC is helping to develop and preserve affordable housing, create jobs and strengthen communities. For both developers and investors, MHIC shows that financing affordable housing can be good business. ________

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