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MassHousing tops Commonwealth's MWBE contracting goals
Published on 12/04/2017

MassHousing spent more than $2.2 million on goods and services with 34 different minority- and women-owned businesses (MWBEs) last year, exceeding the Commonwealth's own MWBE contracting goals and increasing their own spending with WBEs specifically over the previous year.

MassHousing is, in their own words "an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts." Rather than using taxpayer dollars, the agency raises funds by selling bonds. It then lends money to low- and moderate-income homebuyers and homeowners, and to the developers who provide housing to those similarly situated. The agency also administers some of the Commonwealth’s publically-funded programs.

The contracting goals which MassHousing exceeded are those set by the Supplier Diversity Office for the Commonwealth for its various state agencies, which are set at 13 percent for WBEs, 7 percent for MBEs, and 3 percent for Veteran Business Enterprises.

MassHousing, as a quasi-public agency, is not required to meet these goals, but makes it a priority to do so.

"MassHousing has a long history of promoting economic opportunities for MBEs and WBEs," said MassHousing CEO Tim Sullivan.

MassHousing also recently convened a summit amongst other quasi-public and other agencies for the purpose of increasing inclusion in Commonwealth contracting.

For more information about MassHousing's MBE & WBE outreach, visit https://www.masshousing.com/portal/server.pt/community/diversity___inclusion/236

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