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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Rees-Larkin renovated two vacant buildings and newly constructed a third building in the recently formed Moran Square Historic District in Fitchburg. After renovation, the existing buildings included 16 residential units and 1st floor commercial space, and the infill construction of a new 5-story residential building with 28 residential units.
Sunny Aroustamian is an experienced owner and operator of various automotive businesses including car washes, and a used car dealership, all located in Brockton, MA. PCI helped Sunny acquire Brockton Touchless, Inc. by providing financing to bridge an SBA 504 bond.
Kamran Zahedi, the principal at Urbanica, developed 90 Antwerp Street, a site formerly owned by Harvard University, into 20 for-sale homes. The design included partially interconnected buildings and publicly accessible open space. Eight units were sold to market buyers, and 12 units were sold to workforce buyers earning 80%-100% of AMI.
ARX Urban’s development at 233 Hancock Street in Dorchester replaced an auto repair shop with a five-story, mixed-income, mixed-use development containing 15 market rate units, 21 affordable units and ground-floor commercial space. The 21 rental units are affordable to households earning between 80% and 100% of median area income.
A mixed-use building at a transit-oriented site in Reading’s 40R District. Fifty-five residential units were created, with 14 units affordable for households earning up to 80% of area median income. Approximately 3,000 SF of first-floor retail space was also created. The property is within a five-minute walk to Reading’s commuter rail station.
The City of Brockton identified 93 Centre Street as a catalytic project for revitalizing downtown Brockton. Concord Square acquired the building from the Brockton Redevelopment Authority after its acquisition by means of eminent domain. The building was redeveloped into 45 rental apartments and first floor and basement commercial space. 20% of the units are affordable to people earning 80% of the area median income, and 36 are market-rate units.
Community Servings’ new 33,716 SF building supports its ability to serve 875,000 made-from- scratch and medically tailored meals to 4,000 critically ill individuals and their families, connect clients with Registered Dietitian Nutritionists to develop individualized nutrition care plans, and operate the Teaching Kitchen - a 12-week, job-training program for people interested in careers in the food service industry who face barriers to full-time employment.
Way Finders is the largest not-for-profit housing provider in western Massachusetts, impacting more than 25,000 men, women, and children, annually. They purchased the former Peter Pan Bus Station at 1780 Main Street in Springfield to create a 35,000 SF building to house a new integrated Housing Center which will consolidate and optimize services.
Father Bill’s & Mainspring is the largest provider of services to the homeless in southeast Massachusetts. This loan supported Father Bill’s to make capital improvements to its scattered-site portfolio of 20 affordable housing properties across southeastern Massachusetts.
The principals of Redline Hockey purchased the skating rinks at the Canton Sportsplex facility and the Boston Jr. Terriers hockey organization.
