MassHousing Touts Record AH Lending

MassHousing, the affordable-housing bank of the state of Massachusetts, has announced that it provided a record $704 million in financing for more than 7,000 housing units in fiscal year 2004.The total exceeded MassHousing's previous record -- $562 million in fiscal 2002 -- by $142 million, or 25%. The quasi-public agency's core business is to make below-market-rate loans to low- and moderate-income homebuyers, finance new mixed-income housing, and preserve existing affordable rental housing. It can be found on the Web at http://www.masshousing.com.