Tables of Project Data

Affordable Housing Investments

Projects from 1998–2010

Sponsor: Project
Location Description Amount
Allston Brighton CDC: Brian J. Honan Apartments
Boston Construction loan for 50 units of affordable rental housing $1,930,000
Allston Brighton CDC: Long Glen
Boston Acquisition financing for 96 affordable rental units $3,219,000
American Youth Hostel: Boston Hostel
Quincy Committed construction/bridge to historic tax credit equity for 380 unit hostel $5,000,000
Asian Community Development Corporation (ACDC): Fort Street
Quincy Predevelopment and acquisition financing for 34 affordable rental units $2,600,000
Asian Community Development Corporation (ACDC): Fort Street
Quincy Construction loan bridging low income housing tax credits to create 34 affordable apartments $3,250,000
Bank of America CDC/Architectural Heritage Foundation: Washington Mills
Lawrence Construction financing for 155 unit historic renovation $1,250,000
BCLF Direct Loan: Various
Statewide Financing to support development of affordable housing $1,000,000
BCLF Participations: Various
Statewide Financing to support development of affordable housing $12,032,000
BCLF Purchases: Various
Statewide Financing to support development of affordable housing $5,991,000
Beacon Communities Development: Sacred Heart
Lawrence Construction/Bridge to tax credit equity for 44 unit elderly housing rental development $3,500,000
Berkshire Housing Corporation
Pittsfield Acquisition loan for a 68 unit housing project $500,000
Beverly Affordable Housing Coalition/North Shore YMCA: Holcroft Park Homes
Beverly Acquisition funding to support the development of 47 rental units $2,000,000
Cape Ann Housing Opportunity: Pondview
Gloucester Predevelopment financing for 115 units of affordable housing $843,000
Caritas Boston: Lodging House
Boston Committed acquisition loan for 208 unit lodging house $2,800,000
CASCAP: Nonantum Village Place
Newton Predevelopment financing for 34 affordable housing units $491,000
CEDAC: Loan Fund
Statewide Line of credit to support predevelopment and acquisition loans to non-profit sponsors statewide $3,000,000
Charlame Park Homes 1: Charlame Park Homes Cooperative
Boston Construction financing for renovation of 92 units of affordable housing $1,100,000
Chelsea Neighborhood Developers: Spencer Street
Chelsea Acquisition financing for 48 units of affordable rental housing $283,000
Chelsea Neighborhood Developers: Gerrish Avenue
Chelsea Acquisition loan for a development of 32 rental units and a park $1,224,000
Chelsea Neighborhood Developers: Various
Chelsea Line of credit to support acquisition and predevelopment in Chelsea $500,000
Codman Square NDC: 157 Washington Street
Boston Acquisition financing for 24 units of affordable housing $1,259,000
Codman Square NDC: Talbot Street
Boston Acquisition financing for 22 units of affordable housing $450,000
Codman Square NDC: Fairmount Corridor
Boston Committed acquisition loan to renovate 14 existing units and build 15 new rental homes $585,000
The Community Builders: Various
Statewide Working capital for developer of 1042 units of affordable housing $4,209,000
The Community Builders: Various
Statewide Line of credit to support predevelopment and acquisition statewide $2,500,000
The Community Builders: Odd Fellows Loft Apts.
Worcester Acquisition financing to convert vacant building to 24 affordable housing units $380,000
Community Housing Resource: 83 Shankpainter Road
Provincetown Acquisition loan to convert existing structure into 16 affordable rental units $1,125,000
Dow St., LLC: Dow St.
Salem Acquisition loan for 20 affordable rental apartments $1,700,000
Dukes County Regional Housing Authority: Various sites
Martha’s Vineyard Construction financing for rehabilitation of 6 affordable rental units $400,000
Easthampton LLC: Treehouse at Easthampton Meadow
Easthampton Acquisition financing for 60 units of rental housing $788,000
Easthampton LLC: Treehouse Ownership
Easthampton Infrastructure financing for 33 homeownership lots $2,510,000
ETC: Neponset Field
Boston Acquisition loan for production of up to 100 units of rental and ownership housing $725,000
ETC: Sacred Heart Campus
Lawrence Acquisition loan for production of 44 low/moderate income elderly housing $2,441,000
Falmouth Housing Corporation: Perry Avenue
Bourne Acquisition of 3.5 acre commercial site for mixed use redevelopment $525,000
Falmouth Housing Corporation: 704 Main Street
Falmouth Acquisition financing for 58 affordable housing units $550,000
Falmouth Housing Corporation: Brick Kiln Road
Falmouth Acquisition loan for 20 units of affordable housing $425,000
Falmouth Housing Corporation: Edgerton Drive
Falmouth Financing for 24 affordable rental housing units $350,000
Falmouth Housing Corporation: Teaticket Highway
Falmouth Acquisition loan for 39 units of affordable housing $360,000
Fenway CDC: Kilmarnock Street
Boston Acquisition and bridge loan for 55 condo units $3,563,000
Flores Development, LLC: Villa Borinquen
Holyoke Acquisition financing for 97 units of low-income rental housing $650,000
HAP, Inc.: Various
Hampden/ Hampshire Counties Working capital for affordable housing $250,000
HAP, Inc.: Partnership Fund
Hampden/ Hampshire Counties Working capital for Western MA CDC’s to support the development of 140 affordable housing units $250,000
HAP, Inc.: Old Hill Homeownership
Springfield Construction and acquisition financing for affordable homeownership $2,500,000
HAP, Inc.: Various
Hampden/ Hampshire Counties Acquisition and rehab of 90 affordable housing units $1,000,000
HAP, Inc.: Various
Hampden/ Hampshire Counties Line of credit to support acquisiton for housing development in Hampden-Hampshire counties $750,000
Harwich Ecumenical Corporation for Housing (HECH): 15 Sisson Road
Harwichport Acquisition and construction loan for 7 affordable housing units and childcare centers $2,092,000
Harwich Ecumenical Corporation for Housing (HECH): 916-920 Rt. 28
S. Harwich Acquisition and construction financing for 10 affordable rental units $1,350,000
Harwich Ecumenical Corporation for Housing (HECH): 93-97 Rt. 28
W. Harwich Acquisition for affordable housing development $838,000
High Street Trust: Hotel Grayson
Brockton Acquisition loan for 34 SRO units $300,000
Homeowner’s Rehab, Inc.: Bedrick Properties
Cambridge Construction loan to rehabilitate 95 units of affordable housing $2,500,000
Housing Assistance Corporation (HAC): Various
Hyannis Acquisition financing for 65 units of affordable housing $1,041,000
Housing Assistance Corporation (HAC): Various
Cape Cod Line of credit to support acquisition for affordable housing on Cape Cod $500,000
Housing Land Trust for Cape Cod: Various sites
Cape Cod Acquisition financing for affordable housing $347,000
Island Housing Corporation: Various sites
Martha’s Vineyard Acquisition of property to be developed into 4 affordable housing units $819,000
Jackson Square Partners: Jackson Square
Boston Working capital for large mixed use development at Jackson Square transit node $450,000
Lawrence CommunityWorks: Various
Lawrence Working capital for developer of 62 affordable housing units $1,000,000
Lawrence CommunityWorks: Island Street/Southwick Mill
Lawrence Acquisition financing for 53 units of affordable housing $3,510,000
Lynn Neighbor Coalition: 125 Union Street
Lynn Construction financing for 8 affordable housing units and three commerical condos $1,336,000
MAHA/Soft Second: Soft Second Loans
Boston/Central MA Purchase of mortgages originated by MAHA’s Soft Second program $5,990,000
Main South CDC: KGH Project #2
Worcester Acquisition and construction financing for 48 affordable housing units $6,970,000
Main South CDC: 93 Grand Street
Worcester Acquisition loan for mixed use project $1,500,000
Mass. Housing Investment Corp.: Various
Statewide Construction loan for affordable housing $500,000
MHIC Participations: Traditions of Dedham
Dedham Construction financing for 83 units of assisted living $3,000,000
MHP: Various
Statewide Purchase of tax exempt bonds $4,600,000
MHP/Coalition for a Better Acre: Merrimack Street
Lowell Purchase of tax exempt bonds to assist refinancing of 14 units $1,600,000
MHP/Codman Square: Lithgow Building
Boston Purchase of tax exempt bonds to assist refinancing of 31 units $3,000,000
Mitchell Properties: 700 Harrison Avenue
Boston Financing to support development of 84 condo units in mixed income project $2,375,000
NHSA: Various
Statewide Finance rehab of small projects $3,000,000
NOAH: North Andover Nursing Home
North Andover Acquisition loan to convert former nursing home to 52 affordable rental units $1,400,000
Nuestra Comunidad: Dartmouth Hotel
Boston Acquisition loan to develop 45 units of affordable housing $850,000
Oak Hill CDC: Homeownership Projects
Worcester Acquisition and construction financing to support the development of 42 units of affordable housing $800,000
Orleans Housing Authority: Various
Orleans Acquisition loan for affordable housing in Orleans $200,000
Pilot Program/Chandler Street: Chandler Street
Boston Construction financing for 3 units of housing $270,000
Pilot Program/Reed Charitable Trust: Reed Charitable Trust
Boston Construction financing for 5 units of affordable housing $890,000
Pilot Program/NOAH: Peace Property
Boston Construction financing for a single family home $285,000
Planning Office of Urban Affairs: St. Aidans
Brookline Acquisition financing for 59 units of mixed income housing $960,000
Planning Office of Urban Affairs: Upton Street
Boston Committed bridge loan for 19 unit single resident occupancy development $2,400,000
Preservation of Affordable Housing (POAH): Various
Statewide Working capital to support development of over 600 affordable housing units $2,000,000
Rural Development, Inc.: Various
Montague Construction loan for 60 low and moderate homeownership units $500,000
Salem Harbor CDC: Palmer Street
Salem Acquisition loan for development of 16 affordable housing units $220,000
Sawyer Hill LLC: Co-housing
Berlin Construction loan for production of 68 mixed-income homeownership units $500,000
Somerville CDC: St. Polycarps
Somerville Acquisition financing for 74 units of affordable housing $2,200,000
South Middlesex Opportunity Council (SMOC): Freedom Village
West Boylston Construction/Bridge to build 26 family rental housing units $2,000,000
South Middlesex Opportunity Council (SMOC): Various
Oxford, Chicopee, Gardner Line of credit to support acquisiton for housing development in Central MA $1,000,000
South Shore Housing Development Corporation: Loan Fund
  Acquisition and construction financing to support 32 affordable housing units $1,000,000
Springfield NHS: Loan Fund
Springfield Acquisition and construction financing to support 15 affordable housing units $850,000
The Women's Institute: Ingraham School
New Bedford Construction/Bridge of historic tax credit equity to renovate 19 affordable family housing units $1,300,000
Worcester Common Ground: 9 May Street
Worcester Acquisition and construction financing to support 4 affordable housing units $270,000
Total Affordable Housing Investments $151,271,000