MPDC MBE Finds Success with New MassHousing Program

Minority- and women-owned subcontractors can now access a new source of capital to help them build capacity and obtain work at MassHousing-financed construction jobs.  Companies that successfully apply for funds from MassHousing's new Construction Contract Financing Program (CCFP) can borrow from $25,000 to $200,000.  Funds can be used to advance material and labor costs that will help them obtain work on housing construction projects that are financed by MassHousing.

 

One subcontractor, hired by MPDC, is already benefitting from the program.  Design Construction and Consulting Services, Inc. (DCCS) of Dorchester has accessed $200,000 which helped them to get work as a subcontractor on the renovation of our 120-unit property, Madison Park Village III.

 

"I'm very happy to be here and things are going nice and smooth," said DCCS President and CEO Cesar DaSilva, whose company is doing the siding, window replacement and other work at MPV III.  Sophia Transtamar, project manager for the MPV III renovations added, "MPDC has made it a priority to increase participation of W/MBE for subcontracting and workforce labor on all our development projects.  It's great that we have a MBE subcontractor who has been successful in utilizing this pool of money to increase their capacity while having the opportunity to work on a rather large construction project in their neighborhood."

 

To learn more about the CCFP, download the fact sheet from MassHousing's website.