Displaying 37 - 45 of 130

Whipple Real Estate, LLC

Whipple Real Estate, LLC

Haverhill
MA
United States

Acquisition financing for a 6-unit multifamily property. All the units are large 1-bedroom,1-bathroom apartments with below market rents. Two of the units will be reserved for tenants with Section 8 vouchers.

Sponsor
Ayman El-Kattan & Sirine Saleem
Source
Loan: $637,500
Financing Total
$637,500
Impact

Affordable Housing; Strengthening Minority Businesses

Affordable Housing

Windrush Commons

Windrush Commons

Great Barrington, MA
United States

A new affordable housing community with 49 apartments in five buildings within walking distance of public transportation, grocery stores, and other services. Windrush Commons will also preserve six acres of open space through a conservation restriction.

Sponsor
Way Finders and the Community Development Corporation of South Berkshire, Inc.
Source
Housing Tax Credit Investment
Financing Total
$9,149,085
Impact

Affordable housing creation in a walkable area near amenities and transportation.

Affordable Housing

City Fresh Foods

City Fresh Foods

Roxbury, MA
United States

With capital from Boston Children’s Hospital, 
Boston Medical Center, and The Lynch Foundation, 
a 27-year-old MBE will own its production 
facility to create efficiently designed, culturally 
tailored meals. 

Sponsor
City Fresh Foods
Source
Patient Capital Loan
Financing Total
$1,500,000
Impact

Ownership by MBE of a facility to produce 
healthy foods, enhancing health outcomes and 
creating economic opportunity.

Community Impact

Leyland Street Senior Housing

Leyland Street Senior Housing

Dorchester, MA
United States

A new five-story building with 43 affordable senior homes is being built on a lot that stood vacant for 40 years in Upham’s Corner. The building will be energy efficient with Passive House certification and will be eligible for a LEED Silver rating. The site is very walkable and close to public transportation.

Sponsor
Dorchester Bay Economic Development Corporation and Hebrew SeniorLife
Source
Housing and State Tax Credit Investments
Financing Total
$12,327,965
Impact

Affordable housing creation for seniors on an underutilized space. Sustainable, energy-efficient building design.

Affordable Housing

The Record Company

The Record Company

Boston, MA
United States

The Record Co. is a private nonprofit that provides equitable access to affordable recording and rehearsal space to Boston-area musicians, particularly those who are under-represented such as women and musicians of color. This project involved the creation of a state-of-the-art, 12,490-square-foot recording studio and rehearsal facility with a small performance venue (audience capacity of up to 150), a community event and meeting room, offices and kitchen. The renovation more than doubled capacity.

Sponsor
The Record Company
Source
New Markets Tax Credit Financing
Financing Total
$4.25 million
Impact

Since opening in 2011, The Record Co. has grown to serve nearly 4,000 community music makers annually through more than 1,300 affordable recording sessions in three studios.

Community Impact

Copley Gardens

Copley Gardens

Rockland, MA
United States

Renovations to an existing, multi-family residential property with 83 apartments. 
As part of the closing, 10 apartments were converted from market rate to affordable 
through housing tax credit financing, bringing the housing mix to 72 apartments 
affordable at or below 60% AMI and 11 offered at market rate.

Sponsor
NeighborWorks Housing Solutions
Source
Housing Tax Credit Investment
Financing Total
$4,354,646
Impact

Modernizing an existing housing development and increasing the number of 
affordable homes.

Affordable Housing

Edith Johnson Tower Apartments

Edith Johnson Tower Apartments

New Haven, CT
United States

Preservation of 95 affordable apartments 
for seniors in an existing high-rise 
complex. 

Sponsor
Beacon Communities Development LLC
Source
Housing Tax Credit Investment
Financing Total
$4,586,964
Impact

 Preservation of affordable 
housing.

Affordable Housing

Sergeant House

Sergeant House

Northampton, MA
United States

Way Finders and Valley Development Company teamed up for this project involving adaptive reuse and expansion of an existing 15-unit single room occupancy building to 31 larger enhanced apartments. The units are now larger with upgraded amenities, while retaining their historic character, and there are gathering spaces for residents. The project also included the creation of an office for on-site property management and services.

Sponsor
Way Finders and Valley Development Company
Source
LIHTC Financing
Financing Total
$5,200,000
Impact

The renovation of the historic building, which was in poor condition, resolved numerous structural and safety issues. 

Community Impact

South River Partnership

South River Partnership

Salem, MA
United States

Predevelopment costs for a planned 
30,000 SF non-profit center, which will 
include space for the sponsors and other 
local nonprofits. 

Sponsor
orth Shore Community Development Coalition and North Shore Community Health
Source
Neighborhood Commerce Fund
Financing Total
$990,000
Impact

 Supports a health center serving 
primarily low-income people of color 
and ensures waterfront development is 
advanced in an equitable manner.

Community Impact