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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Father Bill’s & MainSpring constructed a 32-unlt project ("Work Express Housing") on a vacant parcel adjacent to its Mainspring House on Spring Street in Brockton. The three-story building has 13,770 SF of rentable space on the ground floor, and the upper floors include 15 transitional units for homeless veterans, 16 permanent supportive housing units for chronically homeless individuals, and 1 unit for a resident manager.
The 447 Concord Road development was a Town of Bedford sponsored affordable housing initiative on Town-owned land. The project created 14 townhouses affordable to households earning less than 80% of the area median income.
Liberty Hill Apartments is a federally subsidized 88-unit affordable rental housing development. Better Homes, Inc., the management company for the development, purchased the property and rehabilitated the interior and exterior of the buildings. The project includes 6 two-story wood frame buildings on two sites totaling 4.7 acres. Each unit has its own yard and patio.
Two co-housing groups combined to purchase 65 acres on Sawyer Hill Road in Berlin on which they developed 68 homeownership units, 17 of which were affordable.
Streetwear, Inc. is a successful apparel business established in 1995 with a niche in active sportswear, especially tee shirts, sweatshirts, and graphics.
The Western Massachusetts Enterprise Fund, Inc. (WMEF) is a certified community development financial institution serving small and micro businesses in the urban and rural communities of western Massachusetts.
360KID is an award-winning kids digital media developer. It specializes in bringing products from their earliest conception to final completion. Over the last two decades they have created interactive experiences to players large and small in the kids industry, such as Sesame Workshop and PBS Kids.
Source Code Corporation (SCC) was founded in 1992 with a basic concept of delivering leading-edge computer products and services at a competitive price in a timely fashion. SCC specializes in providing computer hardware and software solutions to users in the education, healthcare, retail, government and manufacturing industries.
B'nai B'rith Housing acquired a twelve unit building and an adjacent vacant parcel totaling approximately 1.5 acres to deliver a 57 unit mixed-income homeownership project. Fifteen of the 57 condominiums units were affordable to households earning no more than 80 percent of the area median income.
Common Ground Development Corporation (CGDC) developed two duplexes on land formerly owned by the City of Lowell. These homeownership units were sold to low- and moderate-income households. CGDC used its Youth Build program to assist in the construction.
