2022
Commitments
$53,867,221 in Qualified Commitments in 2022
Madison Hibernian Arts, LLC, Madison Park Development Corporation, Nubian Square Roxbury
$1,500,000 Refinancing of 25,000 square foot non-profit facility at 184-186 Dudley Street.
SWBCDC, Hyde Park, Boston
$2,184,221 to acquire a 12-unit three story multifamily residential rental property to preserve as permanently affordable housing.
First Resource Development Company, Springfield
$6,000,000 Construction Loan to renovate a historic building into 41 units of affordable rental housing.
Dorchester Bay EDC, Pierce Building, Dorchester
$2,500,000 Historic Tax Credit Bridge Financing to renovate a 16,100 SF for a non-profit community facility and commercial uses
Caritas Communities, Chelsea
$1,235,000 Mini-perm Financing to refinance 423 Eastern Ave, Chelsea (22 SRO units, 2,274 SF of commercial),and recapitalize 132 units in Roxbury, Brookline, and New Bedford.
Norfolk Design & Construction, Boston
$500,000 Predevelopment Line of Credit to BIPOC developer for the pipeline of projects to develop 17 units of affordable housing across multiple site projects in Boston.
Lawrence Community Works, Lawrence
$1,200,000 Line of Credit Renewal to enable the borrower to pay for its predevelopment and acquisition of rental and homeownership housing, and commercial real estate in Lawrence.
Housing Corporation of Arlington, Arlington
$4,300,000 Acquisition financing for the redevelopment of 10 Sunnyside Ave, Arlington, MA, including approximately 40 units of affordable, rental housing and program and office space for HCA.
Gosnold Inc., Bourne
$5,600,000 Mini-Perm Financing loan to facilitate construction and stabilization of Gosnold’s new, acute psychiatric facility in Cataumet
Wayfinders, South Hadley
$1,170,000 Acquisition Loan to purchase a vacant portion of land at 501 Newton Street to develop into 60 units of low income and workforce rental housing.