Displaying 28 - 36 of 130

1599 Columbus Avenue

1599 Columbus Avenue

Boston, MA
United States

New six-story building in Jackson Square within walking distance of the MBTA Orange Line with 65 affordable rentals and 3,156-sq.-ft. of ground floor commercial space.

Sponsor
Urban Edge
Source
Housing and State Tax Credit Investments
Financing Total
$20,885,753
Impact

The development is part of the Jackson Square Redevelopment Initiative, a $250 million plan to revitalize the area, including transit-oriented affordable housing.

Affordable Housing

Maple Woods

Maple Woods

Wenham, MA
United States

45 accessible, affordable homes with supportive services for seniors aged 62+.

Sponsor
Harborlight Homes
Source
Housing and State Tax Credit Investments
Financing Total
$11,613,060
Impact

Affordable housing creation and services for seniors.

Affordable Housing

270 Warren Street

270 Warren Street

Roxbury, MA
United States

New five-story, mixed-income, mixed-use building consisting of 46 family and workforce rental apartments, all affordable from 30% and 120% of AMI, and 4,085-sq.-ft. of ground floor retail space.

Sponsor
Cruz Development Corporation
Source
Loan
Financing Total
$2,080,000
Impact

This is the second phase of Cruz DC’s plan to create affordable housing in Roxbury through acquiring seven contiguous underutilized parcels of land for new construction. This building is adjacent to the Michael E. Haynes Arms building, the first phase, which was also acquired with financing from MHIC.

Affordable Housing

Simon C. Fireman Residences

Simon C. Fireman Residences

Randolph, MA
United States

Construction of 45 senior homes, expanding the Simon C. Fireman Residences currently offering 160 senior homes and services that allow residents to age in place.

Sponsor
Hebrew SeniorLife
Source
Housing and State Tax Credit Investments
Financing Total
$11,874,668
Impact

Affordable housing creation and enhancing health outcomes.

Healthy Communities

Hundred Nights Emergency Shelter

Hundred Nights Emergency Shelter

Keene, NH
United States

Bridge funds for a $4 million capital campaign to acquire a property and build a new, three-story 15,180-sq.-ft. facility that will double shelter-bed capacity, centralize operations under one roof, and be within walking distance to key partners.

Sponsor
Hundred Nights, Inc.
Source
Loan
Financing Total
$1,051,722
Impact

Affordable housing creation, providing necessary community services, and enhancing health outcomes.

Healthy Communities

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

Broad Street Housing

Broad Street Housing

Quincy, MA
United States

New 20,144-sq.-ft. building offering 30 affordable efficiency apartments for individuals who are unhoused or at risk of becoming unhoused.

Sponsor
Father Bill's and MainSpring
Source
Housing and State Tax Credit Investments
Financing Total
$7,239,436
Impact

Affordable housing creation and providing necessary community services.

Healthy Communities

Wash Cycle Laundry

Wash Cycle Laundry

Chelsea, MA
United States

Wash Cycle Laundry services the travel industry, and revenues dropped 96% during the pandemic. As sales recovered in 2022, liquidity remained perilously low, but the company did not qualify for working capital financing. MHIC’s MBE Contractor Financing Program provided below-market funds that transformed the business, resulting in record growth and profit.

Sponsor
Social enterprise Wash Cycle Laundry puts people with high barriers to employment on a path to economic mobility
Source
MBE Contractor Financing Program
Financing Total
$3,000,000

Community Impact

Voces De Esperanza

Voces De Esperanza

Holyoke, MA
United States

Renovate and preserve 36 homes, converting an existing retail space for a total of 37 100% affordable homes. The development is in two separate buildings in the central area of Holyoke.

Sponsor
Valley Opportunity Council
Source
Housing Tax Credit Investment
Financing Total
$7,336,804
Impact

Affordable housing preservation.

Affordable Housing