Displaying 19 - 27 of 130

Island Parkside Phase II

Island Parkside Phase II

Lawrence, MA
United States

New construction of 40 100% affordable rental homes for families and individuals and an 18,000-sq.-ft. youth community center run by the nonprofit SquashBusters in the Mill District near the banks of the Merrimack River.

Sponsor
Lawrence CommunityWorks
Source
Housing and State Tax Credit Investments
Financing Total
$14,234,178
Impact

Affordable housing creation and support of a community serving organization.

Affordable Housing

Nubian Square Ascends

Nubian Square Ascends

Boston, MA
United States

Mixed-use development that will be a cultural, 
entertainment, and artistic mecca containing a Life 
Sciences Training Center, medical and office space, 
a culinary hall, entertainment and artistic venues, 
15 homeownership opportunities for local artists, 
and a publicly accessible pedestrian corridor

Sponsor
Nubian Ascends Partners LLC
Source
Predevelopment Loan
Financing Total
$575,000
Impact

 Affordable housing 
creation and revitalization of the 
Nubian Square neighborhood.

Community Impact

Granite Street Crossing

Granite Street Crossing

Rockport, MA
United States

Transform a vacant site formerly containing a greenhouse operation into 23 new affordable multi-generational homes. Seventeen studio apartments for seniors will be provided in one building; six townhomes will offer affordable housing for families in two separate buildings.

Sponsor
Harborlight Homes
Source
Housing Tax Credit Investment
Financing Total
$5,621,018
Impact

Affordable housing creation for families and seniors.

Affordable Housing

25 Sixth Street

25 Sixth Street

Chelsea, MA
United States

Redevelop an industrial site adjacent to the MBTA Silver Line Station, offering 56 new mixed-income rental homes for families.

Sponsor
The Neighborhood Developers, Inc.
Source
Housing and State Tax Credit Investments
Financing Total
$13,550,400
Impact

Affordable and mixed-income housing creation on an underutilized property near public transit.

Affordable Housing

35 Brookley Road

35 Brookley Road

Boston, MA
United States

Four-story, mixed-income, multi-family residential building with 45 homeownership condominiums, affordable between 80% AMI and 120% of AMI.

Sponsor
Traggorth Companies and Jamaica Plain Neighborhood Development Corporation
Source
Acquisition Loan
Financing Total
$3,220,000
Impact

Supports the creation of much needed moderately priced homeownership opportunities in this neighborhood.

Affordable Housing

East Gables

East Gables

Amherst, MA
United States

Construction of 28 affordable studio rentals in a new three-story building adjacent to Amherst College serving individuals who are homeless or at risk of homelessness, have mental health challenges, or have low and moderate incomes.

Sponsor
Valley Community Development Corporation
Source
Housing Tax Credit Investment
Financing Total
$4,282,177
Impact

Affordable housing creation in an area of opportunity to meet the needs of vulnerable populations.

Affordable Housing

Knox Residences, Phase I and II

Knox Residences, Phase I and II

Springfield, MA
United States

Vacant for over 70 years and on Preservation Massachusetts’ “most endangered” historic resources list, a building once housing The Knox Automobile Company in the Mason Square neighborhood of Springfield will be rehabilitated. Knox I will create 55 affordable homes in the northern section of the building, built in 1891, retaining its historic character. It will include an adjacent new office/maintenance building and ample parking on lots to the west and across the street. Phase II, in the southern section built in 1910, will create 41 additional affordable homes for a total community of 96 affordable apartments.

Sponsor
First Resource Development Company
Source
MHIC LLC
Financing Total
$16,500,000
Impact

Revitalization of the Mason Square neighborhood by transforming a historic building to create affordable housing.

Affordable Housing

Nubian Markets

Nubian Markets

Boston, MA
United States

Two entrepreneurs will own and operate a full service market, cafe, and Halal butchery that celebrates the African diaspora through food. They will also purchase the real estate the market occupies.

Sponsor
Yusuf Yassin and Ismail Samad
Source
Healthy Retail and Commerce Fund Loan
Financing Total
$2,000,000
Impact

The first of its kind in Boston, this MBE will serve the Roxbury neighborhood and Greater Boston’s Muslim community. The new owners hope to build wealth in Nubian Square by hiring from the community and by prioritizing products from MBE farmers and traders.

Community Impact

Hope & Main

Hope & Main

Providence, RI
United States

Acquisition of a 33,400-sq.-ft. industrial building 
to allow the nonprofit culinary incubator Hope & 
Main to expand into the West End of Providence, 
establishing three new shared-use kitchens plus 
two dedicated kitchens for program graduates.

Sponsor
Hope & Main
Source
Loan
Financing Total
$1,600,000
Impact

This new facility will focus on 
supporting entrepreneurs of color and MBEs, 
creating economic mobility and quality jobs

Community Impact