Developments > LHI-Center for Integrated Treatment and Recovery
A qualified equity investment (QEI) of $2 million by the Chase/MHIC Small QLICI Investment Fund in MHIC NE CDE II subsidiary 53 LLC to make a qualified low?]income community investment (QLICI) totaling $2,000,000 to finance the acquisition of an existing sub?]lease and build out of space for Lowell House Inc.?fs (LHI) new facility to be called the Center for Integrated Treatment and Recovery (CITAR) in Lowell, MA.
LHI-Center for Integrated Treatment and Recovery
Project at a Glance:
Location:
Lowell
Development Type:
Commercial
MHIC Financing:
$1,640,000 in NMTC financing
Sponsor:
Lowell House, Inc.
A qualified equity investment (QEI) of $2 million by the Chase/MHIC Small QLICI Investment Fund in MHIC NE CDE II subsidiary 53 LLC to make a qualified low?]income community investment (QLICI) totaling $2,000,000 to finance the acquisition of an existing sub?]lease and build out of space for Lowell House Inc.?fs (LHI) new facility to be called the Center for Integrated Treatment and Recovery (CITAR) in Lowell, MA.