THE EVERETT ADVOCATE – Friday, May 31, 2019 Page 21 CORPORATION | FROM PAGE 13 has been a key source of financing for projects in Massachusetts and throughout New England that otherwise would not have been feasible," said Joe Flatley, President and CEO of the Massachusetts Housing Investment Corporation. "We are pleased to have received a $35 million allocation in Round 15 so that we can continue to help revitalize neighborhoods, create jobs and expand opportunities for low-income communities. And we are grateful for the ongoing support of our Senators and Congressional delegation in Massachusetts." The award will allow MHIC to receive a credit against federal income taxes for making qualified equity investments in investment vehicles known as Community Development Entities (CDEs). These CDEs offer the credits to taxable investors in exchange for stock or a capital interest in the CDE. All of the qualified equity investment must, in turn, be used by the CDE to provide investments in low-income communities– investments that will help finance community development projects, stimulate economic growth, and create jobs. MHIC, founded in 1990, is a premier lender and investor providing financing for affordable housing and community development projects in Massachusetts and throughout New England. They finance large and small projects of many types, including rental, homeownership, commercial, mixed use, single room occupancy, and seniors housing. BUYER1 Wagle, Suresh REAL ESTATE TRANSAC TIONS SELLER1 BUYER2 Farias, Rodrigo Mcdonough, Catherine M 31 Thurman Park RT SELLER2 Urban, Debra A ADDRESS 11 Bellingham Ave 31 Thurman Park CITY Everett Everett DATE 13.05.2019 10.05.2019 PRICE $700 000,00 $399 000,00
22 Publizr Home