Michael J. Dirrane appointed by Governor Baker as Chairman of MassHousing
Michael J. Dirrane has been appointed by Governor Charlie Baker as Chairman of the MassHousing Board of Directors. It is the second time Mr. Dirrane has led the nine-member Board.
"I'm pleased to reappoint Mike Dirrane as Chairman of MassHousing," said Governor Baker. "In addition to a distinguished career in real estate finance, Mike has decades of experience with MassHousing in several capacities: as an employee, as a Board Member, and as a long-time Chairman and most recently as Vice Chairman. His experience and leadership skills will add tremendous value to the Baker-Polito team's efforts to create and preserve affordable housing."
Mr. Dirrane and the other Board Members of MassHousing are all unpaid volunteers and are appointed by the Governor.
Mr. Dirrane, a South Boston native, is the longest-serving Board Member in MassHousing's 49-year history, and has served on the governing body for nearly half of the time the Agency has been in existence. He was first named to the Board in 1993.
"It is a great honor to be asked by Governor Baker to once again lead one of the top housing agencies in the country," said Mr. Dirrane. "Since I first started my career there, and during my many years as a Board Member and Chairman, I have been enthusiastic about the Agency's mission and the ability of its employees to flawlessly execute it. I look forward to continuing MassHousing' s affordable rental and homeownership initiatives in a cost effective way without taxpayer dollars. MassHousing is focused on the future which will include rental workforce housing solutions and homeownership programs for millennial buyers. In addition, we will seek to preserve expiring-use affordable units and continue single family homeownership lending in a responsible manner.
"We've greatly increased our lending in recent years, but we will not rest on our laurels and we face new exigencies on the affordable housing horizon," Mr. Dirrane added. "I am confident that the MassHousing team can carry out the Baker Administration's housing agenda and create and preserve housing for our most vulnerable families and elders."
Mr. Dirrane is the Senior Managing Director at National MI Holdings. He began his career at MassHousing in the 1980s. He subsequently held senior positions at MGIC, the nation's largest mortgage insurer; Amerin Guaranty, where he was a founding partner; GE Mortgage Insurance Company (GEMICO); Fannie Mae and PHH Corporation. He holds a BA from Boston College and a MA from Boston University.