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
Urban Edge Housing Corporation is a nonprofit affordable housing and economic development organization that has served the Egleston Square and Jackson Square areas of Roxbury and parts of the Jamaica Plain neighborhood since 1974. Wardman Apartments required substantial rehabilitation to preserve 88 units of affordable housing, contributing to the stabilization of the neighborhood.
The Western Massachusetts Enterprise Fund, Inc. (WMEF) provides micro loans ($6,000 average loan amount) and small loans through its Enterprise Growth Fund (up to $50,000).
The Worcester Venture Fund, LP was established to invest in privately-owned, high-growth companies located in Worcester County. Each small business is typically characterized by high-growth potential in a large addressable market and high employment potential.
CASCAP, Inc. is a nonprofit organization committed to providing affordable housing for people with special needs, developing and managing properties, and supporting residents in their homes. Loan funds were used to purchase and renovate a vacant single-family home in Cambridge, which was converted to four studio and five one-bedroom units for low and moderate-income residents.
Casa Myrna Vazquez, Inc. (CMV) is a community-based organization dedicated to the eradication of domestic violence. CMV developed the Adolescent Transitional Living Program (ATLP), a supervised residence that provides a home for eight unhoused, battered, pregnant and post-partum adolescents and their children for up to three years.
Artist Tenants of the South End Cooperative Corp. (ATSE) is a limited equity cooperative in the South End that was organized to find and preserve low cost live-work space for its members. The ten founding artists acquired the cooperative space from the Boston Redevelopment Authority in 1998. They converted an abandoned, deteriorating building into seven affordable live-work units for twelve South End residents.
BCLF Ventures II is a $15 million fund that makes equity investments in growth-oriented businesses located in low-income communities across the state. Eligible companies are required to demonstrate a high potential for financial success, the ability to create jobs and bring stability and increased wealth to low-income neighborhoods in Massachusetts.
Established in 1988, the Chestnut Street Cooperative is a self-managed limited equity cooperative for low- and moderate-income individuals. The building contains six units: two low-income, two moderate-income and two market rate units.
Nuestra Comunidad is a nonprofit community development corporation serving Roxbury and North Dorchester. The funded project was the first to be completed under the City of Boston's Project Pride, a program designed to reclaim properties previously owned and operated by drug dealers. Nuestra's development of this abandoned property created six low-income rental units.
Established in 1984, the Park View Cooperative is a self-managed limited equity cooperative for low and moderate-income individuals.
