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December 6, 2010

MassHousing Wins Business Diversity Award

The Massachusetts Housing Finance Agency has been given an "All Inclusive Award" by Color Magazine for promoting minority- and women-owned businesses.

The magazine said the award recognizes MassHousing's 20 years of promotion of minority- and women-owned businesses in the affordable housing market.

MassHousing's Minority and Women-Owned Business Enterprise program steers developers and contractors of affordable, multi-family housing developments toward such businesses.

In the last 15 years, MassHousing estimates it has generated more than $860 million in economic opportunity for minority- and women-owned businesses.

This year, 536 developments in MassHousing's rental housing portfolio spent $58 million with minority- and women-owned businesses statewide.

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