Email Us | 508-994-4100 | 651 Orchard St Suite #308 New Bedford MA 02744

Big Changes Coming in 2021 to the 40B Affordability Monitoring System

HOT OFF THE PRESSES… MassHousing has redesigned the affordability monitoring system for 40B developments
effective January 1, 2021.

Beginning in the new year, MassHousing will be selecting the monitoring agent for each home ownership development at Final Approval. Previously, the Monitoring Agent has been chosen by the developer. MassHousing will pay agents for services directly, on an upfront and annual basis, through an escrow account. The agents that have been selected are:

Sign up for our newsletter

Receive information on affordable housing * “0” Zero down payment loans * Closing Costs and down payment Grants * Up coming Housing Developments * Existing Housing Developments