Featured Projects

Amethyst Brook Apartments

Pelham
MA
United States

The Amethyst Brook Apartments project includes the creation of 34 units of low-income rental housing for families and individuals through the new construction of two buildings.

Source

Housing Tax Credits: $9,120,785; Loan: $164,862

Financing Total

$9,285,647

Impact

Affordable Housing Creation: new construction of 34 units of affordable housing.

Affordable Housing

The Fitchburg Arts Community project involves the creation of 68 units of mixed-income rental housing for families and individuals with a preference for artists, plus community gallery space and artist studio space. The development involves the adaptive reuse of three historic buildings adjacent to the Fitchburg Arts Museum and will create an arts-focused campus.

Source

Housing Tax Credits: $16,478,725

Financing Total

$16,478,725

Impact

Affordable Housing Creation: 68 new mixed-income housing units; Implementing Community Vision and Neighborhood Revitalization: Fitchburg Artists Community is part of a larger downtown revitalization plan driven by a partnership of residents, businesses, and public officials called ReImagine North of Main.

Affordable Housing

Community MusicWorks Center

Providence
RI
United States

The Community MusicWorks Center is a new 24,000 square foot facility that will host Community MusicWorks’ award-winning free after-school music programming.

Source

NMTC: $6,790,000

Financing Total

$6,790,000

Impact

Community Services and Enhanced Education Outcomes; Neighborhood Revitalization & Community Engagement

Healthy Communities

Anchor Point II

Beverly
MA
United States

Anchor Point II is the new construction of a 39-unit building. It is the second phase of the larger Anchor Point project that also includes the 38-unit Phase 1 rental building and an adjacent Community & Wellness Center.

Source

Housing Tax Credits: $8,103,802; Loan: $378,981

Financing Total

$8,482,783

Impact

Affordable housing creation: 39 new family units

Affordable Housing

500 Talbot Avenue

500 Talbot Avenue
Boston, MA
United States

500 Talbot Avenue is a new transit-oriented development. This project will create 42 units of mixed-income housing and two ground floor retail spaces.

Source

Loan: $2,015,000; HNEF II: $5,900,000

Financing Total

$7,915,000

Impact

Affordable Housing Creation: 15 new Workforce Housing Units; Implementing Community Vision

Healthy Communities

NorthStar Learning Center

New Bedford
MA
United States

NorthStar Learning Center is a 17,500 square foot state-of-the-art early education and community center. The Center is designed to serve young children with a range of developmental needs. The new building will eliminate two outdated, cramped facilities, and nearly double current enrollment capacity.

Source

NMTC: $10,670,000; Loan: $500,000

Financing Total

$11,170,000

Impact

Economic Opportunity: 93% increase in infant, toddler, and preschool child-care spaces for low-income families who need this resource to continue working, to find work, and/or to increase job skills; Community Service or Facilities: The project provides a new, state-of-the-art early education and care center that incorporates community spaces and programming for entrepreneurs, artists, gardeners, teachers, children and families.

Healthy Communities

Whipple Real Estate, LLC

Haverhill
MA
United States

Acquisition financing for a 6-unit multifamily property. All the units are large 1-bedroom,1-bathroom apartments with below market rents. Two of the units will be reserved for tenants with Section 8 vouchers.

Source

Loan: $637,500

Financing Total

$637,500

Impact

Affordable Housing; Strengthening Minority Businesses

Affordable Housing

Northampton Residences

Boston
MA
United States

Northampton Residences is a new transit-oriented development located in the Lower Roxbury neighborhood of Boston. This development will result in the creation of 47 affordable homeownership condominiums available to households earning up to 100% of the Area Median Income.

Source

HNEF II: $4,633,561

Financing Total

$4,633,561

Impact

Affordable Housing: Creation of 47 homeownership units for households earning at or below 100% of AMI.

Healthy Communities

Van der Heyden

Springfield
MA
United States

The Van Der Heyden project involves the preservation of a single high rise multifamily building containing 45 units.

Source

Housing Tax Credits: $8,775,031; Loan: $115,907

Financing Total

$8,890,938

Impact

Affordable Housing Preservation: 45 units of housing for very- and extremely-low-income households.

Affordable Housing