About MassWorks

Who We Are

New home

MassWorks is an employer-assisted mortgage program for first-time homebuyers offered by the Massachusetts Housing Partnership in conjunction with the state Department of Housing and Community Development and participating lenders. MassWorks will work for any type of employer – private companies, public institutions and nonprofits. MassWorks is a cost-effective, easy-to-administer way to attract and retain quality employees. For more information, call 1-800-752-7131 or email MassWorks@mhp.net.

How will MassWorks help your company?

No Start-up Costs

There is no cost to employers until the first employee is ready to purchase.

Flexibility

Companies can customize MassWorks to meet their specific needs. Encourage employees to live near where they work, or offer the benefit to employees who have reached a target number of years of service. While there is no maximum benefit amount, MassWorks requires a minimum employer investment of $2,500 per employee.

Recruitment and Retention

Employer-assisted homeownership is emerging as an innovative new resource to help businesses retain productive, stable workforces. Reduced turnover, training, and recruitment expenses result in considerable cost savings to companies.

Community Investment

Promote sustainable homeownership in a target neighborhood, community or region.

Easy to Administer

MassWorks is administered by MHP, requiring little paperwork for employers. Click here to find out how to participate.

Find out more about the MassWorks program
download document icon click here to download the MassWorks
Q&A sheet.

How will MassWorks help your employees?

State Matching Funds

Employer investments will be matched dollar for dollar up to $5,000 per employee.

Safe Mortgage

MassWorks mortgages are 30-year fixed rate terms at below market interest rate. MassWorks builds off the successful SoftSecond® Loan Program, the state’s most affordable and secure mortgage. Since 1990, SoftSecond has helped more than 12,000 homebuyers purchase their first home.

See how your company's MassWorks investment will benefit your employees: Use our
MassWorks Calculator.

Increases Buying Power

MassWorks combines below-market, 30-year fixed-rate financing with dollar-for-dollar matching state funds. This unique combination gives your employees approximately 25 percent more buying power over a conventional mortgage.

Work-Life Balance

Purchasing a home with MassWorks may enable employees to live closer to work, reducing expensive and time-consuming commutes.

How it works?

The MassWorks advantage

MassWorks is available to employees at or below 100 percent of Area Median Income (AMI) statewide. download document icon Click here for a list of income limits broken down by community.

With MassWorks, a family of four in greater Boston with a household income at 100 percent of median income can afford approximately $345,000 in purchasing power, as opposed to $279,000 with a conventional, fixed-rate.

82,400 (100% AMI,HH size 4) Maximum Purchase Price 33% Housing Ratio Monthly Housing Payment
Conventional 30-year Mortgage $279,257 $2,266
Standard Softsecond Loan $326,049 $2,266
MassWorks (2,500 employer contribution) $345,313 $2,266
MassWorks (7,500 employer contribution) $345,313 $2,266