Boston-Cambridge-Newton, MA-NH Metro Area

Acquisition Opportunity Program (AOP) Boston

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The Acquisition Opportunity Program (AOP) is administered by the City of Boston's Mayor's Office of Housing and enables developers to pre-qualify for acquisition funding of up to $100,000 per unit to compete in risking cost markets to preserve rental housing affordability. Pre-qualification requires demonstrated organizational experience, financial capacity, and long-term … Read more >

Boston Acquisition Fund (BAF) Boston

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The Boston Acquisition Fund (BAF) is a public-private revolving loan fund established by the City of Boston in 2024 and administered by Massachusetts Housing Investment Corporation (MHIC), a CDFI. The fund finances the acquisition and preservation of rental units currently renting below market rates in Boston in rising cost markets. … Read more >

Income-Eligible Multi-Family Retrofit Program (IEMF) Boston

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The Income-Eligible Multi-Family Retrofit Program (IEMF), administered under the Mass Save® collaborative of Massachusetts electric and natural gas utilities, provides no-cost or incentivized energy efficiency improvements to affordable multifamily properties. Eligible properties must have five or more units with at least 50% of units occupied by households at or below … Read more >

Property & Casualty Initiative (PCI) Loan Fund Boston

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The Property and Casualty Initiative, LLC (PCI) is a statewide community loan fund established in 1999 under Chapter 259 of the Massachusetts Acts of 1998 by a consortium of Massachusetts-based property and casualty insurance companies. PCI provides financing for affordable housing, community services, economic development, and small business lending to … Read more >

Regional Naturally Occurring Affordable Housing (NOAH) Fund Boston

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The Regional NOAH Fund is a revolving debt program administered by Massachusetts Housing Investment Corporation (MHIC), a community development financial institution (CDFI) founded in 1993, to support the acquisition of unsubsidized multifamily properties across Massachusetts. The fund provides senior and subordinate debt at below-market rates for terms of up to … Read more >

Small Property Acquisition Fund (SPAF) Pilot Statewide, Boston

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The Small Property Acquisition Fund (SPAF) is a statewide program administered by the Community Economic Development Assistance Corporation (CEDAC), a community development financial institution (CDFI), on behalf of the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). The program supports nonprofit acquisition of small residential properties to prevent displacement … Read more >