MassHousing Announces the Final Results of Its Invitation to Bondholders to Sell Its Outstanding Bonds for Cash

NEW YORK, Oct. 28 /PRNewswire/ -- Massachusetts Housing Finance Agency ("MassHousing") invited beneficial owners ("Bondholders") to offer to sell to MassHousing for cash, upon the terms and subject to the conditions set forth in the Invitation dated September 25, 2009, as amended (the "Invitation"), certain of its Single Family Housing Revenue Bonds and/or Housing Bonds (the "Bonds").

Subject to the terms and conditions of the Invitation, MassHousing has decided to accept for purchase Bonds of the series and maturities set forth on the website of the Information Agent (www.dfking.com/masshousing), at the Purchase Prices set forth therein. MassHousing expects to deposit with DTC the amounts necessary to purchase such Bonds on November 10, 2009.

This announcement is made upon the terms and subject to the conditions set forth in the Invitation. Copies of the Invitation can be obtained from D.F. King & Co., Inc., the Depositary and Information Agent, toll free at (800) 967-4612 and at www.dfking.com/masshousing.

Barclays Capital is the Dealer Manager for the offer. Questions concerning the terms of the offer may be directed to Barclays Capital toll-free at (800) 438-3242 or collect at (212) 528-7581.

This news release is neither an offer to purchase nor a solicitation of an offer to sell Bonds. The offer is made solely by MassHousing's Invitation. The offer is not being made to holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the Bonds, blue sky or other laws of such jurisdiction. In any jurisdiction in which the offer is required to be made by a licensed broker or dealer, it shall be deemed to be made on behalf of MassHousing by the Dealer Manager.

Neither MassHousing, the Dealer Manager, or the Depositary and Information Agent makes any recommendation as to whether or not holders should sell Bonds pursuant to the Invitation, and no one has been authorized by any of them to make such a recommendation.