Displaying 10 - 18 of 130

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

78 Fairmount Avenue

78 Fairmount

78 Fairmount Avenue

Boston, MA
United States

Financing for two entrepreneurs to acquire a 
mixed-use building in Hyde Park, MA, where they 
operate their businesses. The property contains 
five commercial spaces leased by MBEs and four 
residential apartments, one of which was vacant 
and in need of renovations

Sponsor
Nikia Londy and Baron Langston
Source
Acquisition Loan
Financing Total
$1,254,158
Impact

Purchasing the building enabled the 
borrowers, who are Hyde Park residents, to continue 
to grow their own business and support the other 
MBE tenants, retaining approximately 10 local jobs. 

Community Impact

Magnolia/Woodford Homes

Magnolia/Woodford Homes

Magnolia/Woodford Homes

Boston, MA
United States

A first-time developer is building six houses, including one two-family home with a rental apartment, on land owned by Dudley Neighbors, Inc. a community land trust.

Sponsor
KNG Realty Corporation
Source
Construction Loan
Financing Total
$1,881,900
Impact

Affordable housing creation and support of an emerging developer.

Affordable Housing

Sussman House Apartments

Sussman House

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.

Sponsor
Brookline Housing Authority
Source
Housing Tax Credit Investment
Financing Total
$36,442,562
Impact

Affordable housing preservation in an area of opportunity.

Affordable Housing

John J. Meany Senior Housing

John J. Meany Senior Housing

John J. Meany Senior Housing

Gloucester, MA
United States

A new development with 44 affordable homes for seniors ages 62+ to be built on the footprint of the former Cape Ann YMCA building. A range of supportive services will be available for residents.

Sponsor
YMCA of the North Shore
Source
Housing and State Tax Credit Investments
Financing Total
$12,607,603
Impact

Affordable rental housing for seniors.

Affordable Housing

The Pryde

The Pryde

The Pryde

Boston, MA
United States

MHIC provided the loan and supported three MBE 
subcontractors who are part of a team transforming 
a vacant former middle school into 74 safe and 
accessible mixed-income senior homes especially 
inclusive of LGBTQ residents.

Sponsor
Pennrose, LLC
Source
MBE Contractor Financing Program
Financing Total
$4,166,630
Impact

Increase MBE participation on a development 
bringing inclusive affordable housing to Boston

Community Impact

The Village at Park River, Phase IV

Village at Park River

The Village at Park River, Phase IV

Hartford, CT
United States

Phase IV of VI to redevelop the Westbrook Village public housing complex, completing five new buildings with 60 apartments designed to meet Passive House certification requirements for energy efficiency. 75% of the homes will be affordable to households 30% and 60% of AMI with 12 reserved for individuals who are unhoused or at risk of becoming unhoused

Sponsor
Pennrose LLC
Source
Loan
Financing Total
$3,520,000
Impact

Affordable housing creation to replace outdated public housing.

Affordable Housing