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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The Crocker-Cutlery project is part of a larger revitalization effort in the village of Turner's Falls in the town of Montague. This project preserved and created 48 units of affordable housing for households with incomes at or below 60 percent of the area median income in the Cutlery Building. The Crocker building was leased to the U.S. Department of Fish and Wildlife.
The Dudley Inn consists of two pairs of three-story brick buildings. It is operated as a 68-room lodging house. Caritas acquired and substantially renovated the property to improve the quality of housing, while preserving affordability.
The Dunbar Community Center serves predominately Black and Hispanic disadvantaged youth. The Center renovated its existing building, creating office and classroom space, and built a 19,000 SF addition that included a gymnasium, locker rooms and showers, offices, classrooms, a dance studio, and a library.
Fields Corner Housing Limited Partnership (FCHP) refinanced eight multifamily homes and a small apartment complex to allow the 77 units to remain affordable to low and moderate-income residents.
The Greater New Bedford Community Health Center (GNBCHC) provides services to the medically underserved population in the greater New Bedford area.
NHSA supports Owner Occupied Housing Rehabilitation loan programs operated by NeighborWorks (NOWs) member organizations based in Massachusetts. The local NOW's provide home improvement loans to residents who cannot qualify to borrow from conventional lenders. NHSA purchases at par the loans made by NOWs, enabling the organizations to maintain loan funds.
The Plympton Elderly Housing Project was involved the construction of 40 one-bedroom apartments on a wooded parcel of land in rural Plympton. The development is a single, two-story elevator building and includes community and office space within the building to provide for tenant services.
Quantum Market Systems, Inc. (QMS) provides on-line market research to companies engaged in e-commerce.
The 25 Ruggles Street Assisted Living development provides safe and comfortable housing and a wide array of supportive services to 43 low-income, frail elders, including 18 formerly homeless adults aged 55 or older and 25 seniors aged 55 and older who are "nursing home eligible" but who wanted to continue to reside in the community.
The Focus Fund is a community loan fund serving greater Springfield. It was established to lend to businesses, nonprofit organizations, and health and day care centers that cannot obtain bank financing.
