MassHousing announced that the Agency is preparing to launch a new accessory dwelling unit lending program. Working with its statewide network of lenders, MassHousing is now positioned to open the ADU loan program to consumers later this spring.
Last month, Gov. Maura Healey launched a new campaign to accelerate ADU construction across Massachusetts. The Governor announced a new ADU design challenge that will help bring replicable, no-cost ADU designs to consumers and communities; a $10 million technical assistance program, administered by the Massachusetts Housing Partnership, to accelerate predevelopment activities related to ADU construction; and new ADU financing through MassHousing.
The announcement advances the Governor’s ADU campaign by launching the MassHousing ADU loan with partner lending institutions, creating the capacity for homeowners to begin applying for ADU construction financing later this spring…