MassHousing provides nearly $1 billion for affordable housing

MassHousing announced Oct. 12 that it provided nearly $1 billion in financing for affordable housing in fiscal year 2012, setting a new one-year lending record.

“Creating affordable housing helps to generate jobs, grow local businesses and strengthen our communities,” said Governor Deval Patrick. “Government’s role is to help people help themselves, and investing in affordable housing will build a better Commonwealth for generations to come.”

Treasurer Grossman Expands Scope Of Small Business Banking Partnership

Citing a stronger demand for more lending capital in the recovering economy, Treasurer Steven Grossman today announced that he is increasing the maximum amount of Treasury reserve funds that banks participating in the Small Business Banking Partnership can request from $5 million to $10 million