January 18, 2017
Edward M. Kennedy Community Health Center
650 Lincoln Street
Worcester, MA
$1,650,000 – Participation in real estate mortgage
$1,650,000 participation in $11,200,000 financing secured by mortgages on 4 properties. This investment supports the Edward M. Kennedy Community Health Center, which serves over 26,000 people, 70% of whom are below the federal poverty line and extremely low income.
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May 11, 2017
Blanchard School, Uxbridge
Hartford Avenue East
Uxbridge, MA
$6,259,733- Construction loan
$6,259,733 construction loan supports the construction of 9 family rental units in a rehabilitated historic structure, and the new construction of 16 other affordable units in Uxbridge, MA.
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May 11, 2017
Lawrence Community Works, LoC
168 Newbury Street
Lawrence, MA
$1,200,000 – Line of Credit Extension
$1,200,000 line of credit extension increased this line of credit from the previous $500,000 level, to a new level of $1,250,000 to assist LCW with the predevelopment and acquisition costs of its growing pipeline of affordable housing projects.
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May 11, 2017
Womens’ Institute for Housing and Economic Development, Inc.
15 Court Square
Boston, MA
$500,000- Line of Credit
$500, 000 working capital line of credit to support development of affordable rental supportive housing throughout Massachusetts.
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May 11, 2017
Community Economic Development Assistance Corporation (CEDAC)
Statewide
$2,000,000- Pre-Development Financing
Renewal of a $2,000,000 line of credit investment in the Community Economic Development Assistance Corporation (CEDAC) to be used as pre-development financing for Massachusetts non-profit affordable housing developers. ______________________________________________________________________
June 8, 2017
The Neighborhood Developers, 242 Spencer
242 Spencer Avenue
Chelsea, MA
$4,580,000- Construction/Bridge Loan
$4,580,000 construction loan for the building of 30 new units of family rental housing
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June 8, 2017
Coalition for a Better Acre
Lowell and Haverhill, MA
$900,000 – Acquisition and Predevelopment Loan
$900,000 acquisition and predevelopment loan for expenses for affordable housing in Lowell and Haverhill
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July 13, 2017
Harborlight Community Partners
62 Maple Street
Wenham, MA
$1,620,000 – Site acquisition loan
$1,620,000 site acquisition loan to create 60 units of elderly, affordable, rental housing
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September 14, 2017
The Neighborhood Developers, St Therese, Everett
St, Therese
Everett, MA
$3,321,250 – Site acquisition loan
$3,321,250 acquisition loan to acquire the former St. Therese Church, and an adjacent private parcel in Everett for redevelopment as 81 units of elderly rental housing, and six units of condominiums of mixed income homeownership.
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September 14, 2017
Dorchester Bay Economic Development Corporation
Dorchester, MA
$750,000 – Working Capital Line of Credit
$750,000 revolving line of credit to facilitate development of affordable housing and commercial development
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September 14, 2017
Dakota Partners, Inc.
1264 Main St.
Waltham, MA
$500,000 – Working Capital Line of Credit Renewal
$500,000 Working capital for affordable housing
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October 12, 2017
NOAH neighborhood stabilization, East Boston
East Boston, MA
$1,500,000 Acquisition Line of Credit
$1,500,000 Acquisition Line of Credit to acquire properties in East Boston to stabilize the properties and establish a long-term ownership and capitalization structure that best preserves quality affordable housing units.
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November 16, 2017
Watermark Development
Jamaica Plain, MA
$500,000 Line of Credit
$1,500,000 Acquisition Line of Credit to acquire properties in East Boston to stabilize the properties and establish a long-term ownership and capitalization structure that best preserves quality affordable housing units.
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November 16, 2017
Jobs for Fall River
Cherry & Webb Building
Fall River, MA
$1,750,000 – Permanent Financing Renewal
$1,750,000 permanent financing renewal to refinance existing debt held by TLI on the Cherry and Webb Building, a commercial building in downtown Fall River.
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December 14, 2017
Abby Kelley Foster House
52 High Street
Worcester, MA
$4,100,000 – Participation in Construction Loan
$4,100,000 participation in construction loan for Abby’s House, a domestic violence shelter and apartments.
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December 14, 2017
New England Farmworkers Council, Inc.
Holyoke, MA
$394,473 – Term Loan
Permanent financing for Holyoke Latino Business Center, a commercial office building in downtown Holyoke.
TOTAL 2017: Projects: 16 $31,525,456