Developments > Wash Cycle Laundry
The Sponsor will renovate and equip leased space to operate a commercial laundry business and social enterprise that employs ex-offenders and other hard to employ individuals. Up to 71 new jobs will be created. The sponsor will work with The Neighborhood Developers and Roca, Inc. to recruit, screen, train and provide supportive services for employees.
Wash Cycle Laundry
Project at a Glance:
Location:
Chelsea
Development Type:
Commercial
MHIC Financing:
$1,476,361 in debt financing, $2,570,000 in NMTC financing
Sponsor:
Wash Cycle Laundry
The Sponsor will renovate and equip leased space to operate a commercial laundry business and social enterprise that employs ex-offenders and other hard to employ individuals. Up to 71 new jobs will be created. The sponsor will work with The Neighborhood Developers and Roca, Inc. to recruit, screen, train and provide supportive services for employees.