Displaying 19 - 23 of 23

Cruz DC New Bedford Acquisitions

Cruz DC New Bedford Acquisitions

New Bedford
MA
United States

Cruz Development Corporation (“Cruz DC”) acquired four vacant parcels in order to develop an 87-unit, scattered site, single LIHTC project. Three of the properties are improved by historic structures and one is a blighted vacant parcel of land.

Sponsor
Cruz Development Corporation
Source
Loan: $1,680,000
Financing Total
$1,680,000
Impact

Affordable Housing Creation: 65 apartments affordable to households earning between 30% AMI and 80% AMI; Neighborhood Revitalization: The project will rehabilitate three vacant historic structures.

Affordable Housing

Agawam Village

Agawam Village

Ipswich
MA
United States

The Agawam Village project involves the rehabilitation and modernization of seven residential buildings originally constructed in 1979 containing a total of 94 units. Three of the buildings contain a total of 14 family townhouse style units and four of the buildings contain 80 total units dedicated to senior households.

Sponsor
Harborlight Homes and Ipswich Housing Authority
Source
Housing Tax Credits: $20,020,678; Loan: $4,150,000
Financing Total
$24,170,678
Impact

Affordable housing preservation: 91 affordable housing units are being modernized, 80 of which serve senior/elderly population.

Affordable Housing

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.

Healthy Communities

135 Dudley

135 Dudley

135 Dudley
Boston, MA
United States

Development of a City-owned site in the heart of Nubian Square into two mixed-use and mixed-income buildings containing 170 market and affordable housing units, commercial space and parking garage. The buildings will be located along a newly constructed plaza with improved pedestrian access linking the site to the adjacent Boston Public Library and Boys and Girls Club.

Sponsor
Cruz Development Corporation
Source
Loan: $2,500,000
Financing Total
$2,500,000
Impact

Affordable Housing Creation; Neighborhood Revitalization

Affordable Housing

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