Featured Projects

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 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

Hundred Nights Emergency Shelter

Keene, NH
United States

Bridge funds for a $4 million capital campaign to acquire a property and build a new, three-story 15,180-sq.-ft. facility that will double shelter-bed capacity, centralize operations under one roof, and be within walking distance to key partners.

Source

Loan

Financing Total

$1,051,722

Impact

Affordable housing creation, providing necessary community services, and enhancing health outcomes.

Healthy Communities

Broad Street Housing

Quincy, MA
United States

New 20,144-sq.-ft. building offering 30 affordable efficiency apartments for individuals who are unhoused or at risk of becoming unhoused.

Source

Housing and State Tax Credit Investments

Financing Total

$7,239,436

Impact

Affordable housing creation and providing necessary community services.

Healthy Communities

Wash Cycle Laundry

Chelsea, MA
United States

Wash Cycle Laundry services the travel industry, and revenues dropped 96% during the pandemic. As sales recovered in 2022, liquidity remained perilously low, but the company did not qualify for working capital financing. MHIC’s MBE Contractor Financing Program provided below-market funds that transformed the business, resulting in record growth and profit.

Source

MBE Contractor Financing Program

Financing Total

$3,000,000

Community Impact

Simon C. Fireman Residences

Randolph, MA
United States

Construction of 45 senior homes, expanding the Simon C. Fireman Residences currently offering 160 senior homes and services that allow residents to age in place.

Source

Housing and State Tax Credit Investments

Financing Total

$11,874,668

Impact

Affordable housing creation and enhancing health outcomes.

Healthy Communities

Sussman House Apartments

Brookline, MA
United States

Rehabilitate a nine-story housing development near Coolidge Corner. Currently home to seniors and disabled households, the 100 apartments will continue to house these residents after the renovations and will be 100% affordable.

Source

Housing Tax Credit Investment

Financing Total

$36,442,562

Impact

Affordable housing preservation in an area of opportunity.

Affordable Housing

Voces De Esperanza

Holyoke, MA
United States

Renovate and preserve 36 homes, converting an existing retail space for a total of 37 100% affordable homes. The development is in two separate buildings in the central area of Holyoke.

Source

Housing Tax Credit Investment

Financing Total

$7,336,804

Impact

Affordable housing preservation.

Affordable Housing