Innovative Financing to Create and Sustain Healthy, Equitable Communities
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Project Hope

Project at a Glance:
Development Type:
Project Type:
New construction
MHIC Financing:
$6,041,375 in NMTC financing
Project Hope
Date Completed:

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.