Rental housing financed or overseen by MassHousing generated $125 million in contracts for minority- and women-owned businesses during the Agency's 2013 fiscal year, the result of our longstanding commitment to providing equal access to the opportunities created by our work.
In FY'13, which ended June 30, 16 MassHousing-financed construction projects generated $228.5 million in contracts. Of this, $38.6 million (16.9%) was awarded to minority business enterprises (MBEs) and $24.3 million (10.6%) was awarded to women business enterprises (WBEs). Of the $198.7 million in expenditures at existing MassHousing rental communities, $37.5 million (18.9%) was spent with MBEs and $24.8 million (12.5%) with WBEs.
MassHousing has long recognized the economic opportunities created by the housing we finance and oversee. We work with rental housing developers, owners and managers to set and attain goals for MBE and WBE utilization. And we host trainings, trade fairs and other events to help MBEs, WBEs, developers, property managers and others improve their operations and build lasting partnerships.
Over the past five years, MassHousing financed construction projects have generated roughly $1.1 billion in contracts. Of this, $252.4 million went to MBEs and $149.7 to WBEs. During that same time, existing MassHousing rental communities spent $983.1 million for various goods and services; $179.1 million was spent with MBEs and $117.6 million with WBEs. That's nearly $700 million to minority- and women-owned firms in just five years.