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 Keystone Montessori School was founded in 1998 and is a women owned business that began with one preschool class of 20 children, leasing two rooms in the restored Bainbridge wool mill in North Chelmsford. Keystone added one to two classes per year and increased enrollment to more than 100, serving children from the age of 3 months to 12 years old.
Life Resources, Inc. (Life) contracts with the Department of Youth Services (DYS), the Department of Social Services (DSS) and private health care organizations to provide residential treatment, educational programs and community outreach to more than 2,500 children and adolescents annually. They operate five residential treatment programs and a community outreach center.
The Mayo Group purchase two attached three-story brick buildings in Lynn's central business district. The commercial buildings are occupied by six tenants. The Mayo Group made repairs to the façade, enhancing the aesthetics of Lynn's downtown, contributing to its revitalization.
House of Hope, Inc. owns and operates an emergency shelter for 18 homeless families. They provide supportive services including a substance abuse recovery program, an on-site health clinic and case management services. House of Hope identified the lack of affordable housing as a key obstacle to homeless families and purchased vacant land next to its existing shelter, on which they built a new 11-unit facility, including 10 affordable rental units for the formerly homeless and one unit for a resident manager.
The Housing Land Trust for Cape Cod (HLTCC), a non-profit organization, purchased a 0.81-acre property in Provincetown for the construction of 6 units of affordable rental housing. Community Housing Resources, Inc. (CHR) developed and manages this six-unit project that is 100 percent affordable to households at 50 percent of area median income.
Radant Technologies designs and manufactures radomes, antennas and composite structures in its 72,000 SF facility in Stow. Radomes are transparent protective coverings that are installed over microwave antennas to protect them from the elements while allowing signal transmission and reception.
Source Code Corporation (SCC) provides computer hardware and software solutions to their clients in the education, healthcare, retail, government and manufacturing industries.
The Urban League of Springfield serves minority communities in Greater Springfield, providing programs in education, employment, housing and urban affairs, social welfare, and citizenship education. The Urban League purchased a building for its program operations.
The YWCA of Western Massachusetts built a new campus to address the immediate needs of survivors of domestic violence and their children. The campus was constructed on a 7-acre site in the East Forest Park section of Springfield and includes a 48-bed shelter, transitional housing, day care facilities, Kindergarten - 4th grade classrooms, meeting, and office space.
The Community Builders (TCB) substantially rehabilitated 7 buildings with 27 units of affordable housing. The apartments are rented to families and individuals with incomes at or below 60 percent of the area median income.
