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Yellow Barn Business Accelerator

Yellow Barn Business Accelerator

Hardwick
VT
United States

The Yellow Barn Business Accelerator is the culmination of a six-year effort spearheaded by the Town of Hardwick and the project sponsors. The town purchased the iconic “Yellow Barn” and the 4-acre site in 2019 to repurpose for economic development. The core mission of the project is to strengthen the regional farm- and food-based economy by supporting the growth of agricultural businesses, promoting development of new products, and increasing export to external markets. The 6,172 square foot historic barn, which is listed on the state’s historic register, also will be preserved and renovated into a retail destination by Cabot Creamery for its signature cheeses and to showcase other local agricultural products.

Sponsor
Northeast Kingdom Development Corporation and Northeastern Vermont Development Association
Source
NMTC: $3,880,000; Loan: $2,535,000
Financing Total
$6,415,000
Impact

Downtown Revitalization; Economic Opportunity; Community Services and Facilities; Implementing Community Vision

Healthy Communities

93 Centre Street

93 Centre Street

Brockton, MA
United States

Adaptive reuse of the historic Anglim 
Building into a transit-oriented 
development with 55 mixed-income 
homes and 1,500 SF of ground floor 
commercial space. Eleven of the homes 
will be reserved for residents earning at 
or below 80% AMI.

Sponsor
Concord Square Planning and Development Company, Inc.
Source
Healthy Neighborhoods Equity II Investment
Financing Total
$5,850,000
Impact

Fulfills a long-time vision of 
the City of Brockton to redevelop this 
historic building and attract housing and 
businesses to a downtown location close 
to transportation.

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1463 Dorchester Avenue

1463 Dorchester Avenue

Boston, MA
United States

A transit-oriented, mixed-use building 
designed to meet Passive House energy 
efficiency certification with 29 affordable 
workforce apartments and 1,325 SF of 
ground floor retail space.

Sponsor
TLee Development
Source
Loan and Healthy Neighborhoods Equity Fund II Investment
Financing Total
$8,800,000
Impact

 Energy-efficient affordable 
workforce housing close to 
transportation.

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GOLab

GOLab

Madison, ME
United States

Acquisition and redevelopment of a former paper mill to manufacture wood fiber 
insulation.

Sponsor
GOLab, Inc.
Source
New Markets Tax Credit Financing
Financing Total
$3,479,250
Impact

 GOLab will produce new products using Maine’s major asset, its wood basket, 
and add over 95 quality jobs to northern Maine, filling an economic need after job 
losses resulting from the closure of seven paper mills in the region.

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59 Willow Street

59 Willow Street

Hamilton, MA
United States

Transit-oriented new construction of 
18 mixed-income apartments and 2,400 
SF ground floor retail. The building is 
located in a community of opportunity 
and is designed to achieve Passive House 
standards.

Sponsor
Traggorth Companies LLC
Source
Loan and Healthy Neighborhoods Equity Fund II Investment
Financing Total
$3,340,974
Impact

 Fulfills a long-time vision of the 
town to add quality affordable housing to 
the community.

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101 Main Street

101 Main Street

Lancaster, NH
United States

Northern Forest Center, a nonprofit headquartered in Concord, NH, is redeveloping the historic Parker Noyes building in downtown Lancaster, NH. The three-story 11,650 square foot building, currently vacant, will provide 3,000 square feet of storefront space on the ground floor, enabling the non-profit Taproot Farm and Environmental Education Center and its retail store, Root Seller Marketplace, to extensively expand.

Sponsor
Northern Forest Center
Source
New Markets Tax Credit Financing
Financing Total
$3.274 million
Impact

The development will help position Lancaster as a hub for regional growth and a place that attracts and retains the next generation of families and leaders.

Healthy Communities

Bridgeport Community Care Center

Bridgeport Community Care Center

Bridgeport, CT
United States

Bridgeport Rescue Mission acquired and is adapting a former nursing home in Bridgeport, CT into the Community Care Center, a multi-purpose social service agency. BRM chose the 60,599 square foot, five-story vacant building after an extensive community needs assessment, advancing Bridgeport’s redevelopment goals and facilitating access to much needed services in a neighborhood struggling with poverty and hunger. The building will ultimately house 55 rooms with a total of 145 beds, a small health clinic, community meals program, fresh food pantry, and a myriad of services necessary to transform the lives of disadvantaged individuals and families.

Sponsor
Bridgeport Rescue Mission
Source
New Markets Tax Credit Financing
Financing Total
$6.9 million
Impact

BRM provides food, shelter, clothing, education, job training, and counseling to neighbors in need. BRM also operates the largest free healthy groceries distribution program in southern CT.

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East Boston Ecumenical Community Council Library

East Boston Ecumenical Community Council Library

Boston, MA
United States

East Boston Community Development Corporation renovated and adapted a former branch of the Boston Public Library for use by multiple nonprofit organizations. The renovated building gives EBECC 40% more space which will enable the nonprofit to increase the numbers served and enhance the quality of its programming. Other building tenants include East Boston Neighborhood Health Center’s fitness and nutrition programs, Veronica Robles Cultural Center, providing youth leadership and dance programs and multi-cultural events, and Urban College, offering low-cost post-secondary education for working adults.

Sponsor
East Boston Community Development Corporation
Source
New Markets Tax Credit Financing
Financing Total
$2 million
Impact

Founded more than forty years ago, the EBCDC serves East Boston’s low-income community through business development and technical assistance; affordable housing and commercial real estate development; property management; job creation and social services.

Healthy Communities

About Fresh

About Fresh

Boston
MA
United States

About Fresh is developing a new South Boston headquarters to facilitate further growth of its Fresh Truck and Fresh Connect programs. Their new headquarters and warehouse will provide ample space for the new employees required to expand Fresh Truck and Fresh Connect to serve more people and families. Additionally, the new space will increase the capacity of About Fresh’s warehouse to better meet the needs of its Fresh Truck program, while remaining near its mobile market locations.

Sponsor
About Fresh
Source
Loan: $988,000
Financing Total
$988,000
Impact

Visibility and healthy produce awareness; affordable healthy food access; addresses food insecurity within community.

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