Milagrito Cora, a proud Lawrence homeowner, has taken advantage of two of MCCI’s residential loan programs. Initially referred to MCCI in 2013 by the City of Lawrence’s Community Development Department, she first received MCCI’s Get the Lead Out Loan in partnership with MassHousing. The 0% interest loan of $ 26,947 covered the cost of removing hazardous lead paint on her multi-family home.
In 2020, Milagrito discovered the foundation of her building was cracked, causing some moisture and mold accumulation. MCCI was able to step in again to provide a home improvement loan to cover the cost of repairing the deteriorated foundation would cost her over $20,000. MCCI was able to finance and fix her foundation thanks to the flexible underwriting of the MassHousing Home Improvement Loan program.
In Milagrito’s words, “I was afraid of losing my home due to not having the funds to repair the foundation. I felt relief that I got some financial assistance through the program. My home has a repaired foundation. I’m glad I could keep my property. MCCI helped me to receive the loan approval to save my home. Thank you to your financial institution for the lending hand.”
Great news for Massachusetts homeowners: the Massachusetts Community Climate Bank at MassHousing announced it has surpassed $5 million in Energy Saver Home Loan financing, helping residents cut energy use and boost the value of their homes. Nectar is a proud participating lender — and our Residential Services Director Lissette Paukert is quoted on the program’s impact. Read the press release
Nectar Community Investments has welcomed Boston Ujima Project Executive Director Nia K. Evans as a new board member to be part of their organization. Evans’ role at the Boston Ujima Project focuses on bringing together neighbors, workers, business owners and investors in Greater Boston to build a community-controlled economy. According to Evans, the Boston Ujima Project has “made history as the nation’s first democratically governed investment fund.” Read the article
Our Executive Director Glynn Lloyd joined more than 400 housing, business, and public-sector leaders at the Citizens’ Housing and Planning Association’s annual Housing Summit, where he moderated a panel about Massachusetts’ economic development potential as a hub for modular construction. Read the article
Non-Discrimination Notice:
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.
To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: [email protected].