Displaying 1 - 9 of 52

Benjamin Franklin Cummins Institute of Technology

Benjamin Franklin Cummins Institute of Technology

Roxbury, MA
United States

The New Campus Project is the new construction development of a 68,000 SF building containing multipurpose classroom space, tutoring rooms, vocational teaching labs, conference and huddle rooms, an outdoor student learning lab on the roof, and student services and administrative offices for faculty and staff. The new facility will accommodate existing programs and provide a flexible space that can change with the institution’s evolving program offerings.

Sponsor
Franklin Cummings Tech
Source
Loan
Financing Total
$7,500,000
Impact

Economic Opportunity: Supports economic mobility and wealth creation; Community Service or Facilities; Implementing Community Vision: Advances objectives of two Roxbury plans developed with community input

Community Impact

Weidmann Electrical Technology Inc.

Weidmann Electrical Technology Inc.

St. Johnsbury, VT
United States

With MHIC's support, Weidmann Electrical Technology Inc. was able to expand their transformer board and components manufacturing capabilities through the construction of a new 21,500  square-foot addition to the existing 71,888 square-foot fabric components production building and a new 10,000 square-foot storage building. New equipment installations include a third former, high efficiency boiler, and an automated cellulose feeding system.

Sponsor
Weidmann Electrical Technology, Inc.
Source
New Markets Tax Credits
Financing Total
$1,591,370
Impact

Retention & Creation of Accessible and Quality Jobs: Retains 300 permanent Full-Time Equivalent (FTE) jobs and creates 67 permanent FTEs in shipping, logistics, maintenance, technical, and production roles

Community Impact

Amethyst Brook Apartments

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.

Sponsor
Home City Development
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

Solimine House

Solimine House

Lynn, MA
United States

Solimine House is the new development of 150 units of service-enriched rental housing for seniors, 148 of which are affordable to residents earning at or below 60% of AMI and 2 are resident manager units. Residents will have access to a multilingual Resident Services team, 24-hour emergency response, fitness, wellness, lifelong learning, intergenerational programs, arts and culture events, and countless other programs and services.

Sponsor
2Life Communities, Inc.
Source
Loan
Financing Total
$975,000
Impact

Affordable Housing Creation: 150 units of rental housing for seniors

Affordable Housing

10 at 8th

10 at 8th

New Bedford, MA
United States

10 at 8th is a new construction project featuring 52 new units of affordable rental housing and 4,000 square feet of ground floor retail space.

Sponsor
L. Duane Jackson
Source
Housing Tax Credits
Financing Total
$13,491,885
Impact

Affordable Housing Creation: 52 units of affordable housing; Downtown Revitalization: the project is one of several initiatives in downtown New Bedford, including streetscape improvements, private redevelopment of historic structures and the new commuter rail station

Affordable Housing

104-108 Norwell Street

104-108 Norwell Street

Dorchester, MA
United States

104-108 Norwell Street are 12 newly constructed homeownership units including three 4-bedroom, six 1-bedroom, and three 3-bedroom apartments across three buildings.

Sponsor
Norwell Affordable Condominiums LLC
Source
Loan
Financing Total
$3,200,000
Impact

Affordable Homeownership Creation: 12 new homeownership units; Supporting local emerging developer

Affordable Housing

110 Ocean Avenue

110 Ocean Avenue

Revere, MA
United States

110 Ocean Avenue is 56 new units of rental housing, which will be affordable to households earning less than 50% of the area median income. The building will also include clinical space to be leased and operated by North Suffolk Community Services (NSCS).

Sponsor
The Neighborhood Developers, Inc.
Source
Loan
Financing Total
$400,000
Impact

Affordable Housing Creation: 56 units of affordable rental housing

Affordable Housing

Anchor Point II

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.

Sponsor
Harborlight Homes
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

NorthStar Learning Center

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.

Sponsor
Northstar Support Corporation
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