$12,455,000 in Qualified Commitments Made Year-to-Date in 2024
Way Finders, Inc. and Subsidiaries, Greenstead Grove, Ludlow
$6,950,000 Construction Loan (50% of a participation with MHIC) for the development of 43 units of affordable rental housing for low- and moderate-income households.
Mill Cities Community Investments (MCCI), Welcome Home, Boston
$4,000,000 loan to create a $6,000,0000 predevelopment loan fund with the City of Boston to invest in historically underrepresented developers in creating 50-75 units of affordable home ownership.
SWBCDC Neponset Valley Pkwy, Hyde Park Boston
$60,000 Increase for Southwest Boston CDC for predevelopment of a naturally occurring affordable housing project.
Dorchester Bay Economic Development Corp., Boston
$750,000 Predevelopment Line of Credit Renewal to create approximately 66 units of low income, affordable housing, affordable artist space, and affordable commercial opportunities.
Boys & Girls Club of Boston at Horizons Watermark, Roxbury
$195,000 Tenant Improvement Loan to facilitate the completion of 2,600 SF of office space.
Rutto Bats, LLC, Holyoke
$500,000 Equipment Loan at a Black owned baseball bat manufacturer in Holyoke.