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Refinancing Subsidized Multifamily Housing

MassHousing provides a variety of refinancing and second mortgage products to properties financed by MassHousing or HUD.

Who is eligible?

  • Owners of mid-size or large rental developments (typically 20 or more units) financed by MassHousing or HUD
  • Owners of 2-, 3- or 4-family properties should explore MassHousing's Home Ownership programs

Products include

  • Refinancing of FHA-insured loans and mortgage increases to fund safety systems, energy conversions, conservation measures and deferred capital replacements
  • New or additional debt for developments that have been awarded federal Low-Income Housing Tax Credits and/or state Housing Stabilization Funds and HOME funds for major rehabilitation
  • Equity takeout loans to encourage owners of prepayment- and conversion-eligible properties to extend their terms of affordability

Contact Us

For more information, contact David Keene, MassHousing's Manager of Portfolio Preservation at 617.854.1124.


HUDCLIPS was moved to in 2008. If you haven't already, you should bookmark this site. Most of the standard forms you used to find on HUDCLIPS are also available at