Developments > Project Hope
Project Hope is a non-profit organization that grew out of the work of the Little Sisters of the Assumption beginning in Dudley Square in 1947. Now, with MHIC’s New Markets Tax Credit investment of $4.8 million, Project Hope has opened a mixed-use facility that is a model for providing neighborhood-based services for homeless and formerly homeless women and parents. The non-profit provides job training, housing, counseling and other services to foster self-sufficiency and to enable low and very low income people to obtain and hold livable wage jobs. Project Hope raised $3 million from foundations for their new home and the City of Boston provided the land.
Project Hope
Project at a Glance:
Location:
Boston
Development Type:
Ownership
Project Type:
New construction
MHIC Financing:
$6,041,375 in NMTC financing
Sponsor:
Project Hope
Date Completed:
8/14/2006
Project Hope is a non-profit organization that grew out of the work of the Little Sisters of the Assumption beginning in Dudley Square in 1947. Now, with MHIC’s New Markets Tax Credit investment of $4.8 million, Project Hope has opened a mixed-use facility that is a model for providing neighborhood-based services for homeless and formerly homeless women and parents. The non-profit provides job training, housing, counseling and other services to foster self-sufficiency and to enable low and very low income people to obtain and hold livable wage jobs. Project Hope raised $3 million from foundations for their new home and the City of Boston provided the land.