Massachusetts · Public charity
Massachusetts Housing Investment Corporation
Mhic's mission is to be an innovative private financier of afforable housing and community development throughout new england, providing financing that would not otherwise be available, and extending the impact of that financing to ensure the broadest possible benefit.
- $164k
- Granted FY2024(still arriving)
- 5
- Itemized grants FY2024
- 3
- Organizations funded FY2023
- 0%
- First-time grantees FY2023
- Itemized, FY2024
- $145k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $25,000
- Largest grant, FY2024
- $65,000
- Organizations funded a year
- 3 to 10
- FY2017 to FY2023
- States reached, FY2024
- 3
- Total assets, FY2024
- $93M
How open it is to new grantees
In FY2023, 0% of the organizations Massachusetts Housing Investment Corporation funded were first-time grantees, receiving 0% of its grant dollars.
New vs renewed · share of each year
In FY2023, 100% of grant dollars renewed an existing relationship; $0 went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 5 | $145k | 20% |
| FY2023 | 3 | $105k | 0% |
| FY2022 | 4 | $102k | 0% |
| FY2021 | 4 | $91k | 0% |
| FY2020 | 5 | $106k | 20% |
| FY2019 | 3 | $72k | 0% |
| FY2018 | 5 | $67k | 80% |
| FY2017 | 10 | $111k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| National Association of State and Local Equity Funds | $293,667 | 8 | 11% |
| Citizens' Housing and Planning Association Inc | $175,000 | 7 | 1% |
| Massachusetts Association of Community Development Corporation | $125,000 | 6 | 2% |
| National Association of Affordable Housing Lenders | $90,000 | 6 | 1% |
| Housing Navigator Massachusetts | $25,000 | 1 | n/a |
| Jamaica Plain Neighborhood Development Corporation | $20,000 | 1 | 0% |
| Center for Affordable Housing Lending | $14,000 | 1 | 6% |
| Home City Development Inc | $10,000 | 1 | 0% |
| Urban Edge Housing Corporation | $10,000 | 1 | 0% |
| The Alliance for Business Leadership Inc | $5,000 | 1 | 1% |
Show all 16 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| National Association of State and Local Equity Funds | $293,667 | 8 | 11% |
| Citizens' Housing and Planning Association Inc | $175,000 | 7 | 1% |
| Massachusetts Association of Community Development Corporation | $125,000 | 6 | 2% |
| National Association of Affordable Housing Lenders | $90,000 | 6 | 1% |
| Housing Navigator Massachusetts | $25,000 | 1 | n/a |
| Jamaica Plain Neighborhood Development Corporation | $20,000 | 1 | 0% |
| Center for Affordable Housing Lending | $14,000 | 1 | 6% |
| Home City Development Inc | $10,000 | 1 | 0% |
| Urban Edge Housing Corporation | $10,000 | 1 | 0% |
| The Alliance for Business Leadership Inc | $5,000 | 1 | 1% |
| The Neighborhood Developers Inc | $5,000 | 1 | 0% |
| Lawrence Communityworks Inc | $5,000 | 1 | 0% |
| Crew Boston Inc | $5,000 | 1 | 1% |
| Local Initiatives Support Corporation | $5,000 | 1 | 0% |
| Concord Square Planning and Development | $5,000 | 1 | n/a |
| Madison Park Development Corporation | $5,000 | 1 | 0% |
Where it is load-bearing
Each grantee by its size and the share of its budget Massachusetts Housing Investment Corporation supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: United Way Of Massachusetts Bay Inc · Eastern Bank Foundation · Boston Foundation Inc · Mass General Brigham Incorporated & Affiliates Group Return · Neighborhood Reinvestment Corporation · Enterprise Community Partners Inc · Local Initiatives Support Corporation · Td Charitable Foundation · Children's Hospital Corporation · Cambridge Savings Charitable Foundation Inc · Rockland Trust Charitable Foundation Inc · Liberty Mutual Foundation Inc
How this is measured
Compare Massachusetts Housing Investment Corporation with peer funders
About Massachusetts Housing Investment Corporation
- How much does Massachusetts Housing Investment Corporation give?
- Massachusetts Housing Investment Corporation reported 5 itemized grants totaling $145,000, out of $164,230 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 3 and 10 organizations a year over FY2017 to FY2023.
- What does Massachusetts Housing Investment Corporation fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Housing & Shelter (40%), Philanthropy (37%), Community Improvement (21%).
- Who are Massachusetts Housing Investment Corporation's largest grantees?
- By total granted over FY2017 to FY2024: National Association of State and Local Equity Funds ($294k), Citizens' Housing and Planning Association Inc ($175k), Massachusetts Association of Community Development Corporation ($125k).
- Does Massachusetts Housing Investment Corporation fund new organizations?
- In FY2023, 0% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Massachusetts Housing Investment Corporation?
- Its strongest co-funders, measured against what their size predicts, include United Way Of Massachusetts Bay Inc, Eastern Bank Foundation, Boston Foundation Inc.
- Where is Massachusetts Housing Investment Corporation based?
- Massachusetts Housing Investment Corporation is based in MA.
Play a game based on Massachusetts Housing Investment’s filings →