2025 Commitments

$250,000 Construction Loan Increase for a project previously approved for the development of 12 units of mixed income ownership condominium housing.

$1,198,575 Construction Loan to support the creation of 44 affordable homeownership units, as part of a larger project also delivering a permanent home for the Boston Public Library branch and affordable rental apartments in the Chinatown neighborhood of Boston

$3,562,500 Acquisition Loan for the creation of 56 affordable family housing units with ground floor commercial space in a high-opportunity, transit-oriented location in the Newtonville neighborhood.

$750,000 Renewal of predevelopment working capital line to fund the predevelopment expenses of new construction projects.

$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.

$500,000 Renewal of predevelopment line of credit to support the development of 40 units of affordable rental housing in a High Opportunity Area.

$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.

$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.

$300,000 Acquisition Loan Increase for a project previously approved for the development of 66 units of affordable rental housing.

$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.

$1,726,358 Construction Loan for the creation of 12 units of affordable homeownership in Dorchester supported by Boston’s Welcome Home Boston program.

$500,000 Line of Credit Renewal to provide working capital to fund the predevelopment expenses of construction projects of affordable rental housing units.

$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.

$1,000,000 predevelopment line of credit renewal to facilitate completion of their development pipeline of projects which includes low-income, affordable housing for seniors across Southern MA.

$634,725 Increase to an existing loan to bridge Housing Development Incentive Program (HDIP) tax credits for the construction of Ringside Residences, a multi-family, rental housing development with 46 apartments, 9 of which will be dedicated to workforce housing.

$1,750,000 Line of Credit Renewal to provide working capital to fund the predevelopment expenses of construction projects of affordable rental housing units.

$1,800,000 Acquisition Loan for the development of 12 rental units of low-income, supportive, veterans housing in Malden.

$300,000 Predevelopment loan to support the creation of a 15-bedroom, critically needed, family, emergency homeless shelter.