Displaying 82 - 90 of 98

23 Laurel Street

23 Laurel Street

Northampton, MA
United States

23 Laurel Street is the new construction development of 20 units of affordable rental housing across seven townhouse buildings.

Sponsor
Valley Community Development Corporation
Source
Housing Tax Credits
Financing Total
$5,440,056
Impact

Affordable Housing Creation: new construction of 20 units of affordable housing

Affordable Housing

22 Elm Street

22 Elm Street

Worcester, MA
United States

22 Elm Street is the revitalization of an existing downtown Worcester office building into 22 affordable homeownership condominiums.

Sponsor
Planning Office for Urban Affairs
Source
Loan
Financing Total
$1,900,000
Impact

Affordable housing creation: 22 homeownership condominiums

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

Village at Park River Phase V

Village at Park River Phase V

Hartford
CT
United States

Village at Park River Phase V includes the new construction of 58 units of affordable and market rate housing. The project is one phase of a six-phase development that includes the overall new construction of over 400 homes.

Sponsor
Pennrose
Source
Loan: $3,000,000
Financing Total
$3,000,000
Impact

Affordable housing creation: 58 mixed-income units (46 affordable); Neighborhood revitalization: redevelopment of Westbrook Village.

Affordable Housing

Van der Heyden

Van der Heyden

Springfield
MA
United States

The Van Der Heyden project involves the preservation of a single high rise multifamily building containing 45 units.

Sponsor
Valley Management, Inc.
Source
Housing Tax Credits: $8,775,031; Loan: $115,907
Financing Total
$8,890,938
Impact

Affordable Housing Preservation: 45 units of housing for very- and extremely-low-income households.

Affordable Housing

UTEC Woodworking Social Enterprise Center

UTEC Woodworking Social Enterprise Center

Lowell
MA
United States

The United Teen Equality Center (UTEC) Woodworking Center will expand UTEC’s Woodworking Social Enterprise program. This highly successful job training program helps transform the lives of youth ages 17-25 who are out of school and have been involved with gangs or are returning from incarceration. The project will renovate and fit out two buildings into classroom and additional program space and allow UTEC to purchase additional specialized equipment.

Sponsor
UTEC
Source
NMTC: $4,365,000
Financing Total
$4,365,000
Impact

Community Impact: Increase the number of proven-risk young adults that UTEC can serve in its transformative social enterprise program by 179% and better serve those young adults.

Community Impact

Rosewood Way

Rosewood Way

Agawam
MA
United States

The Rosewood Way project comprises the new construction of 10 townhome-style buildings containing 62 units, and a standalone community building. The project will increase the supply of affordable and mixed-income housing in a suburban area with a high demand for affordable rental housing, but limited affordable housing stock.

Sponsor
Way Finders Inc.
Financing Total
$10,503,950
Impact

Affordable Housing Creation: 47 LIHTC and 10 workforce units.

Affordable Housing

Prospect Estates Resyndication

Prospect Estates Resyndication

Webster
MA
United States

The Prospect Estates Resyndication project involves the historic rehabilitation of two mid-rise multifamily buildings. The development will preserve 25 units of affordable housing.

Sponsor
Affordable Housing Services Collaborative, Inc.
Source
Housing Tax Credits: $6,148,781; Loan: $147,614
Financing Total
$6,296,395
Impact

Affordable Housing Preservation: 25 units of housing for 30% AMI, 50% AMI, and 60% AMI households.

Affordable Housing

Merrimack Corner

Merrimack Corner

Haverhill
MA
United States

Merrimack Corner is the new construction of 48 units of affordable rental housing for seniors. The development will include a newly constructed 5-story building on vacant land adjacent to the existing Merrivista property, a senior residential building owned by Bethany Community Services.

Sponsor
Bethany Community Services
Source
Housing Tax Credits: $9,599,040
Financing Total
$9,599,040
Impact

Affordable Housing Creation: 48 new affordable rental housing units for seniors.

Affordable Housing