MassHousing, the state’s affordable housing bank, provided a record-breaking $965.3 million in financing in fiscal year 2012 as thousands of homeowners flocked to its new program for low-cost, low down payment loans that don’t require mortgage insurance. Lending for the Massachusetts Housing Finance Agency, an indpendently funded, quasi-public agency, increased by more than 21 percent in the 12 months following June 30, 2011, compared with the previous fiscal year, the agency said Monday.
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