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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Tenants Development Corporation, Inc. purchased and renovated 185 apartments in 36 brick and wood frame buildings in the South End Neighborhood.
The Visiting Nurse Assisted Living, Inc. (VNALI) developed a 99-unit affordable assisted living facility on the site of a closed Somerville school. The Somerville Housing Authority (SHA) elderly housing project sits adjacent to the new facility and VNALI collaborates with SHA in providing services for both facilities.
The Bartlett School is a private, nonprofit school serving students in pre-kindergarten through grade eight.
Equal Exchange is a for-profit, Fairtrade worker-owned cooperative headquartered in West Bridgewater. Equal Exchange distributes organic, gourmet coffee, tea, sugar, bananas, avocados, cocoa, and chocolate bars produced by farmer cooperatives in Latin America, Africa, and Asia.
The Friends of the Credit Union Inc. (The Friends) was established in 1990 to develop properties in the neighborhoods surrounding the institution to provide services to benefit members of the credit union.
Global Composite Solutions, Inc. was founded in 1890 as a supplier of rubberized gaskets and sheet rubber products. Since that time the company has become one of the leading developers of specialty non-metallic products and materials for the commercial, industrial, military and marine markets. It operates out of a 30,000 SF manufacturing and development facility in Rockland.
The Long-Glen Apartments development consists of 96 affordable, renovated rental units in two buildings, 48-52 Glenville Avenue and 114-118 Glenville Avenue/10 Long Avenue.
Founded in 1991, Materials Systems Inc. (MSI) develops and manufactures advanced materials and custom components for defense and commercial systems customers.
The Massachusetts Housing Investment Corporation (MHIC) was founded in 1990 by a consortium of banks and corporate investors to fill a critical gap in meeting the credit needs of affordable housing, economic and community development projects. The federal New Markets Tax Credit Program provided an investment vehicle for MHIC to support economic development projects.
The Martin Luther King, Jr. Business Empowerment Center Inc. works with entrepreneurs to research, prepare, and test their business plans and provides training programs to hone critical skills. With the acquisition and renovation of the former New England Envelope Company warehouse on Chandler Street in Worcester, the Center increased its capacity to incubate small businesses.
