2025 Commitments
$18,632,854 in Qualified Investments Committed in 2025
2147 Washington Street, Boston - Nubian Square
$250,000 Construction Loan Increase for a project previously approved for the development of 12 units of mixed income ownership condominium housing.
CC MPZ Main Street LLC, Cambridge & Templeton
$750,000 Renewal of predevelopment working capital line to fund the predevelopment expenses of new construction projects.
Caribbean Integration Community Development, Boston - Mattapan
$1,350,000 Acquisition Loan for the development of approximately 61 units of affordable housing including 15 units for homeownership and 46 units low-income rental housing.
Causeway Development, Lexington
$500,000 Renewal of predevelopment line of credit to support the development of 40 units of affordable rental housing in a High Opportunity Area.
Esperanza Academy, Lawrence
$3,500,000 Capital Campaign Bridge Loan as part of a New Markets Tax Credit Transaction for the construction of a new 33,246 sf school to create the permanent home for the tuition-free, all-girls, K-8 school with an increased capacity to serve 162 students.
Harborlight Community Partners, Ipswich
$2,385,000 Acquisition financing (in participation with CEDAC for a total loan of $2,650,000) for the development of approximately 52 units of affordable rental housing and one commercial space, which will include parking and community gardens.
Harborlight Community Partners, Lynn
$300,000 Acquisition Loan Increase for a project previously approved for the development of 66 units of affordable rental housing.
Housing Corporation of Arlington, Arlington
$3,000,000 Acquisition Loan to support the purchase of 59 naturally occurring affordable rental housing units (NOAH) in three adjacent buildings and the potential creation of 28 new affordable rental housing units in the High Opportunity Area of Arlington.
KZ Builders LLC, Boston - Dorchester
$1,726,358 Construction Loan for the creation of 12 units of affordable homeownership in Dorchester supported by Boston’s Welcome Home Boston program.
MassVIBE, Boston - Dorchester
$2,771,496 Construction Loan (in participation with PCI for a total loan of $5,542,992) for the development of 18 units of affordable homeownership housing currently owned by the City of Boston.
Volunteers of America Massachusetts, Malden
$1,800,000 Acquisition Loan for the development of 12 rental units of low-income, supportive, veterans housing in Malden.
Worcester Community Housing Resources, Worcester
$300,000 Predevelopment loan to support the creation of a 15-bedroom, critically needed, family, emergency homeless shelter.