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Affordable Housing

Photo by Mario Tama/Getty Images
Photo by Mario Tama/Getty Images

Massachusetts To Receive Windfall From Citigroup

Massachusetts is getting an almost $46 million share of a $7 billion federal-state settlement over Citigroup's mortgage-backed security activities.

In the deal announced Monday, Citigroup will make a $4 billion civil monetary payment to the Justice Department, and another $500 million in compensatory payments to state attorneys general and the Federal Deposit Insurance Corp

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Construction At A Toll Brothers Development Ahead Of Housing Starts Figures
Patrick T. Fallon / Bloomberg / Getty Images

State Chips In $84 Million For Affordable Housing Projects

Two dozen affordable housing projects across Massachusetts will receive nearly $84 million from the state.

Gov. Deval Patrick said the money will help build or preserve more than 1,300 units of affordable housing while creating 2,000 construction jobs

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