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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SEED Ventures, LP was established by the Southeastern Economic Development Corporation, (SEED) to improve the economic well-being of residents by providing equity and mezzanine debt to small businesses located in low-income communities in Southeastern Massachusetts.
Jewish Community Housing for the Elderly (JCHE) owns and manages hundreds of units of nonsectarian elderly housing in the Boston Metro area that include a range of supportive programs and services. JCHE purchased nine acres of land in Framingham and developed 150 affordable elderly housing units.
The Brockton Coalition for the Homeless purchased and renovated a facility that provides transitional housing for 17 formerly homeless families. The Coalition provides onsite educational and life-skills services.
Adams Court is a renovated 99-unit complex consisting of five, four-story, brick apartment buildings. One hundred percent of the units are affordable to low-and moderate-income households earning less than 80% of area median income. Residents can walk to nearby Mattapan Square with its shopping center and T station.
Art Plus Technology (APT) is a Boston-based, woman-owned company that specializes in software for the financial, insurance, telecommunications, and utility industries.
Canaan Baptist Church of Christ was started in 1990 with a congregation of 15 charter members and has grown active membership significantly. The church built an addition to provide space for social service programs and after school programs for children.
Contract Glass manufactures insulated glass windows, patio doors, shower doors, tabletops, and custom mirrors primarily on a wholesale basis to housing management companies, housing authorities, and glass shops.
Highland Homes is a newly constructed eighteen-unit condominium development in the Fort Hill section of Roxbury. The units are in eight buildings ranging from 1 to 4 units per building. Fourteen units are family sized with three bedrooms. Eleven of the eighteen units provide affordable homeownership opportunities in one of Boston's oldest neighborhoods.
Home Market Foods (HMF) processes cooked beef, pork and chicken products. It sells to a variety of national and regional customers, including fast food restaurants, convenience stores, discount stores, supermarkets and food service providers throughout North America. HMF consolidated their operations in to a new, larger facility in Norwood to expand operations and staff.
Ice Pond Lane is a single-family housing subdivision with 26 new homes developed as part of the adaptive reuse of the 124-acre former site of the Northampton State Hospital, which closed in 1993. Six homes are reserved for low- and moderate-income households.
