2022
Commitments

$1,250,000 Predevelopment/Pre-construction Line of Credit to facilitate completion of Neighborhood Housing Services’ development pipeline of projects.

$720,000 Acquisition Loan for the development of 24-35 units of affordable condominiums for homeownership via the CommonWealth Builder Program development at 1208 Montello Street.

$500,000 Predevelopment Line of Credit loan to support Metro West’s pipeline of affordable housing projects (43 units of multi-family, affordable rental housing in the Newton Armory development?)

$750,000 Predevelopment Line of Credit support Nuestra’s pipeline of affordable homeownership and affordable rental housing projects in Roxbury

$2,025,000 Acquisition and Construction Loan for renovation of owner-occupied commercial real estate property to create 122 jobs.

$1,071,000 Acquisition Loan to acquire 102-104 Bellevue Street, a 6-unit, multifamily residential rental property, to establish a long-term ownership and capitalization structure that creates and preserves quality affordable housing units.

$500,000 Predevelopment, revolving line of credit to facilitate completion of HCP’s development pipeline of low-income, affordable apartment housing projects throughout the North Shore communities

$1,000,000 Predevelopment Line of Credit Renewal to facilitate completion of UE’s robust development of affordable housing pipeline

$5,000,000 Participation of $22,025,155 Construction Loan to create 68 units of quality affordable and workforce artist preference rental housing.