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.
Read more about this project
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.
Read more about this project
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.
Read more about this project
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.
Read more about this project
The multi-phase development of the Box District in Chelsea is a partnership between the City, The Neighborhood Developers and Mitchell Properties to develop mixed-income rental and ownership housing. Mitchell Properties converted Atlas Lofts from a warehouse building into 53 loft style rental units.
Beverly School for the Deaf is a not-for-profit, private day school and, established in 1876, is one of the oldest schools for people with hearing loss in the United States. In response to growing enrollment, the organization built a new school to expand the number of children served.
William B. Rice Eventide purchased a 9.5-acre parcel at the former Weymouth Naval Air Station and developed a 46-bed skilled nursing home facility plus 192 units of independent living apartments. Approximately 65% of the nursing home residents are low-income and 30% of the apartments are affordable to low and moderate-income seniors.
Father Bill's & MainSpring (FBMS) acquired a property at 111-113 Fort Hill Street in Hingham and constructed a new building that provides 6 affordable, permanent supportive housing units for veterans. Services provided to residents include access to healthcare, behavioral health care, substance abuse counseling, case management, life skills and vocational services, through FBMS and a network of collaborating service providers.
Jamaica Plain Apartments is an invaluable community resource with its 103 family-sized affordable rental units in 11 buildings scattered across Jamaica Plain, Roxbury and Dorchester. Urban Edge’s $17 million rehabilitation program for the property improved the residents' quality of life, preserved the units' affordability, and stabilized the property.
Premium Power Corporation is a privately held company that develops, manufactures, and services low cost, point-of-service-batteries.
The Boston Conservatory (TBC) serves Boston as a professional training academy and community music school. It enrolls 679 full-time students, of whom 526 are undergraduates and 153 are graduates in the fields of music, theatre, and dance. TBC built a new comprehensive performing arts center with three new studios for dance and theater, a new orchestra rehearsal hall, and a fully renovated theater.
Alpha Xi Delta was founded in 1893 and as a membership organization dedicated to the personal growth of women. Worcester Polytechnic Institute invited Alpha Xi onto its campus in 2006. Alpha Xi Delta acquired and renovated a single-family house that provides student housing for eleven women.
The Jamaica Plain Neighborhood Development Corporation (JPNDC) constructed a mixed-use building on Centre Street near Jackson Square. A robust community planning process drove the development program, resulting in 30 affordable rental units on the top three floors and community serving retail (5,700 SF) on the first floor. Three of the residential units serve clients of the Department of Mental Health who receive supportive services from Vinfen.
Cornerstone Properties constructed a 100% affordable rental housing development on 10 acres of land in Wareham. The project created 11 buildings with 49 rental units affordable to households earning less than 60 percent of the area median income. Five units serve households at or below 30 percent of median income.
