MassHousing Lended Over $1 billion for Affordable Homeownership in 2012 - January 15, 2013

BOSTON – January 10, 2013 – On the heels of recent good news about fewer foreclosures, rising home prices and increased home sales comes another encouraging sign for the Massachusetts housing market. MassHousing reported today that it provided more than $1 billion in home mortgage loans last year, exceeding by 52 percent the Agency’s previous record for homeownership lending in a calendar year.

In 2012 MassHousing, the state’s affordable housing bank, loaned $1.060 billion to 4,710 low- or moderate-income Massachusetts residents who purchased or refinanced a home. The previous MassHousing record for homeownership lending in a calendar year was $695.5 million in 2009 when the Agency helped 3,573 homeowners.

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