Displaying 10 - 18 of 52

Fitchburg Arts Community

Fitchburg Arts Community Center

Fitchburg Arts Community

Fitchburg
MA
United States

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.

Sponsor
NewVue Communities, Inc.
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

Community MusicWorks

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.

Sponsor
Community MusicWorks
Source
NMTC: $6,790,000
Financing Total
$6,790,000
Impact

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

Healthy Communities

500 Talbot Avenue

500 Talbot Ave

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.

Sponsor
JMB Property Development Company, Inc.
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

Whipple Real Estate, LLC

Whipple Real Estate

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.

Sponsor
Ayman El-Kattan & Sirine Saleem
Source
Loan: $637,500
Financing Total
$637,500
Impact

Affordable Housing; Strengthening Minority Businesses

Affordable Housing

Northampton Residences

Northampton Residences

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.

Sponsor
THR Acquisition, LLC
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

Cheney Homes

Cheney Homes

Cheney Homes

Roxbury, MA
United States

Cheney Homes is the new construction development of a single building with 48 affordable apartment units for seniors (55+) and a first-floor community service facility in which resident services and Program of All-inclusive Care for the Elderly (“PACE”) services will be offered.

Sponsor
Jamaica Plain NDC
Source
LIHTC: $13,448,109 Loan: $2,000,000
Financing Total
$15,448,109
Impact

Affordable Housing Creation: 48 new units of service-rich affordable housing in Boston's Grove Hall neighborhood, which has very few existing units that meet the needs of low-income seniors

Affordable Housing

Catalyst Housing

Catalyst Housing

Catalyst Housing

Lynn, MA
United States

Catalyst Housing is an adaptive reuse of existing commercial space into 23 permanent supportive housing units for youth aged 18-24 experiencing homelessness and 1 live-in Resident Manager unit.

Sponsor
Harborlight Community Partners, Inc., Haven Project, and East Coast International Church
Source
Housing Tax Credits
Financing Total
$6,328,277
Impact

Affordable housing creation: 23 new permanent supportive LIHTC units for homeless young adults

Affordable Housing

CSNDC Predevelopment Loan

CSNDC Predevelopment Loan

CSNDC Predevelopment Loan

Dorchester, MA
United States

The CSNDC Predevelopment Loan supports the development of 15 units of affordable homeownership units in Dorchester as part of the City of Boston's Welcome Home Initiative.

Sponsor
Codman Square Neighborhood Housing Corporation (CSNDC)
Source
Loan
Financing Total
$500,000
Impact

Affordable Housing Creation: 15 homeownership units; Implementing Community Vision

Affordable Housing

Curtis Apartments Phase I

Curtis Street Apartments

Curtis Apartments Phase I

Worcester, MA
United States

Curtis Apartments Phase I includes the demolition of 3 existing buildings containing 90 units and current property management offices to construct 129 new residential rental apartments.

Sponsor
Trinity Financial, Inc.
Source
Housing Tax Credits
Financing Total
$41,366,420
Impact

Affordable Housing Preservation and Expansion: new construction of 129 rental apartments; Downtown Revitalization: Revitalizing the Great Brook Valley neighborhood; Access to Opportunities: The location provides ready access to the job center of Central Massachusetts educational opportunities

Affordable Housing