We invest our flexible loan capital creatively and intentionally to generate opportunities for people with low incomes and remove systemic barriers to help them thrive.
Lowell Community Health Center provides high quality, culturally competent, affordable health services to individuals and families who are medically underserved, uninsured, and low-income. With this loan, the Health Center provides new dental and vision services to their patients. It also increased adult health services and consolidated administrative offices into one locale. The health center serves more than 25,000 patients, annually.
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Community Economic Development Center (CEDC) is completing a three phase renovation of a historic movie theater in New Bedford’s downtown Transformational Development Initiative District. The property’s renovation will serve to activate a vacant community building on a prominent commercial corridor in an underinvested neighborhood. This phase of the green adaptive reuse initiative will create 6 units of affordable rental housing and 5,200 square feet of ground floor retail / commercial space.
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Victory Programs is acquiring an existing Single Room Occupancy (SRO) property at 16 Williams Street in Brookline, MA. The property was owned by a nonprofit organization serving adults with disabilities, and the City of Brookline selected Victory Programs to ensure the property is preserved as affordable supportive housing. The property will house 10-12 individuals/families in recovery who are being reunited with their children.
Read more about this projectPennrose is developing 48 units of mix-income affordable rental housing on a parcel of land owned by the town of Chatham, on Cape Cod. The 2.9 acres parcel at 1533 Main Street in Chatham was purchased by the Town in 2022 and Pennrose was selected to develop affordable and workforce housing on the site.
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The Hillsboro Live/Work Condominiums project consists of 21 new for-sale residential units in a four-story building. All units will be affordable and a preference for Boston- Certified Artists will apply to 18 of the units. This project is an extension of the effort New Atlantic undertook to preserve the adjacent Humphreys Street Studios buildings – a commercial artist studios property that serves approximately 45 artists and creative small businesses, most of whom are low and moderate-income.
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Sudbury Duplexes is an 11-unit family development sponsored by the Sudbury Housing Authority. The project consists of five newly constructed duplex buildings and an existing single-family house. Each unit has two bedrooms, and each duplex has onsite parking. This project created 10 affordable homes.
City View Commons I is the first phase of a 377-unit, three phase rehabilitation project undertaken by First Resource Development Company. Phase I renovated 152 affordable units in four buildings adjacent to or across the street from each other. PCI is participating with MHIC on this project.
D'Ambrosia purchased land formerly belonging to Fort Devens and constructed an 81,000 SF commercial property. Its tenants include MagneMotion and Webster Veterinary Supply, both of which created new businesses and new jobs in Devens.
Mayhew Court is an affordable, 12-unit development sponsored by the Hopkinton Housing Authority. The units consist of seven two-bedroom units and five three-bedroom apartments. One unit is handicap accessible. The development is adjacent to the Hopkinton Senior Center and near the Hopkinton Housing Authority's administrative offices.
New ownership of this Outer Cape lodging establishment rejuvenated the 139- room inn and its 4.5-acre outdoor space, and re-established food and beverage service to take advantage of their indoor and outdoor eating and drinking areas.
The Presentation School Foundation (PSF) acquired and redeveloped the former Our Lady of the Presentation School into educational and office space that serves the Allston-Brighton community. Anchor tenants include St. Elizabeth's Medical Center and the Little Sprouts daycare center.
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The Totten Pond Shell station is a locally owned three-island gas station with three auto repair service bays and a convenience store
United Front Homes is a 173-unit affordable family project in New Bedford. It was originally built on the super-block model - isolated from its community with buildings that face inward. Preservation of Affordable Housing, Inc. redeveloped this property, rehabilitating and reconfiguring it so that it is re-integrated with the community.
Whittier Street Health Center (WSHC) is a nonprofit community health center founded in 1932 and located in the Roxbury neighborhood of Boston. The health center outgrew its leased 30,000 SF clinical facility and constructed a 78,000 SF state-of-the-art health center.
75 Amory Street is part of a former brewery complex comprised of five inter-connected buildings which date back to the late 1800s. The property sits on 2.7 acres of land within eyesight of the Jackson Square MBTA station. Mordechai Levin and a partner purchased the 118,000 square foot complex in 2001 and was built out for non-profit program and office space.
