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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Oaktree acquired an underutilized and deteriorating building and replaced it with a 20-unit condominium development. Two of the units are affordable to households with incomes at or below 80 percent of the area median income.
WATCH, a nonprofit affordable housing developer in Waltham, purchased 509-517 Moody Street in downtown Waltham. WATCH relocated its offices to one of ground floor units. There are two additional commercial tenants on the first floor, and seven affordable rental units on the second floor.
ArtBlock is a newly constructed condominium development in Boston's South End near the Boston Medical Center. 54 units were constructed in two buildings with an existing art center in between. Many of the units are lofts for artists and one of the buildings has a gallery space on the first floor. 26 units out of 54 total units were affordable.
The Chelsea Neighborhood Housing Services partnered with Mitchell Properties to purchase the Atlas Mattress Factory and develop 117 units of mixed income homeownership and rental housing in the Box District in Chelsea.
As part of the Boston Archdiocese's sale of church property, the Blessed Sacrament Church Campus on Centre Street was offered for sale. The Jamaica Plain Neighborhood Development Corporation in partnership with the New Atlantic Development Corporation purchased the properties (the church, two school buildings, a rectory, and a convent). The campus was redeveloped with a mix of affordable and unrestricted homeownership and rental housing units. PCI participated with BlueHub Loan Fund on this transaction.
High Point Treatment Center is a non-profit offering a comprehensive range of behavioral health services. High Point purchased a former nursing home and relocated its treatment programs to better serve their clients.
In 1920 Elizabeth Joyce, one of America's first female entrepreneurs, founded Joyce Letter Shop to provide typing and clerical services to the local banking and investment communities. Today, the company offers mailing, printing and digital communication services.
Makeovers was established in 1987 with a small salon occupying 1,700 SF in Milton. To accommodate additional growth, the owners leased and built-out a 9,000 SF unit in a strip mall in South Easton.
New England Home Therapies was established in 2000 to offer infusion and respiratory therapy, disease management consulting services, durable medical equipment, and other home healthcare services, such as nutritional consultation.
Praise & Glory Church of God in Christ, Inc. purchased an abandoned 8-story historic building in downtown Springfield. This transaction allowed the church to expand its ministry and commitment to serving the community including the Hebron Food Bank that serves approximately 300 families per week.
