Our mission-driven investors have collectively committed over $2.15 billion to finance affordable housing and community development.
The cumulative commitments of our investor partners as of December 31, 2023, are shown below.
Our mission-driven investors have collectively committed over $2.15 billion to finance affordable housing and community development.
The cumulative commitments of our investor partners as of December 31, 2023, are shown below.
The project involves the creation of 45 units of mixed-income rental housing for families and individuals through the adaptive reuse of a historic building and new construction of a 5-story building on a vacant parcel.
Development of a City-owned site in the heart of Nubian Square into two mixed-use and mixed-income buildings containing 170 market and affordable housing units, commercial space and parking garage. The buildings will be located along a newly constructed plaza with improved pedestrian access linking the site to the adjacent Boston Public Library and Boys and Girls Club.
500 Talbot Avenue is a new transit-oriented development. This project will create 42 units of mixed-income housing and two ground floor retail spaces.
About Fresh is developing a new South Boston headquarters to facilitate further growth of its Fresh Truck and Fresh Connect programs. Their new headquarters and warehouse will provide ample space for the new employees required to expand Fresh Truck and Fresh Connect to serve more people and families. Additionally, the new space will increase the capacity of About Fresh’s warehouse to better meet the needs of its Fresh Truck program, while remaining near its mobile market locations.
The Agawam Village project involves the rehabilitation and modernization of seven residential buildings originally constructed in 1979 containing a total of 94 units. Three of the buildings contain a total of 14 family townhouse style units and four of the buildings contain 80 total units dedicated to senior households.
The Amethyst Brook Apartments project includes the creation of 34 units of low-income rental housing for families and individuals through the new construction of two buildings.
Anchor Point II is the new construction of a 39-unit building. It is the second phase of the larger Anchor Point project that also includes the 38-unit Phase 1 rental building and an adjacent Community & Wellness Center.
The Community MusicWorks Center is a new 24,000 square foot facility that will host Community MusicWorks’ award-winning free after-school music programming.
Cruz Development Corporation (“Cruz DC”) acquired four vacant parcels in order to develop an 87-unit, scattered site, single LIHTC project. Three of the properties are improved by historic structures and one is a blighted vacant parcel of land.
The Elizabeth Brook Apartments project includes the renovation of an existing 50 units of affordable elderly housing in six 2-story walkup residential buildings and a 1-story clubhouse building developed in 1983. The project also includes a two-bedroom free-standing, 1-story single family home built in 1915 that will also be renovated. In addition, 37 units will be newly constructed in one 3-story elevator building with common areas.
The Fair Haven Community Health Care project includes the construction of a new 33,700 square foot community health center facility for Fair Haven Community Health Clinic.
The Fitchburg Arts Community project involves the creation of 68 units of mixed-income rental housing for families and individuals with a preference for artists, plus community gallery space and artist studio space. The development involves the adaptive reuse of three historic buildings adjacent to the Fitchburg Arts Museum and will create an arts-focused campus.
LeClair Village will create 39 units of affordable family housing in three newly constructed buildings. The project is led by the Preservation of Affordable Housing in partnership with Housing Assistance Corporation.
Merrimack Corner is the new construction of 48 units of affordable rental housing for seniors. The development will include a newly constructed 5-story building on vacant land adjacent to the existing Merrivista property, a senior residential building owned by Bethany Community Services.
NorthStar Learning Center is a 17,500 square foot state-of-the-art early education and community center. The Center is designed to serve young children with a range of developmental needs. The new building will eliminate two outdated, cramped facilities, and nearly double current enrollment capacity.
Northampton Residences is a new transit-oriented development located in the Lower Roxbury neighborhood of Boston. This development will result in the creation of 47 affordable homeownership condominiums available to households earning up to 100% of the Area Median Income.
The Prospect Estates Resyndication project involves the historic rehabilitation of two mid-rise multifamily buildings. The development will preserve 25 units of affordable housing.
The Rosewood Way project comprises the new construction of 10 townhome-style buildings containing 62 units, and a standalone community building. The project will increase the supply of affordable and mixed-income housing in a suburban area with a high demand for affordable rental housing, but limited affordable housing stock.
The United Teen Equality Center (UTEC) Woodworking Center will expand UTEC’s Woodworking Social Enterprise program. This highly successful job training program helps transform the lives of youth ages 17-25 who are out of school and have been involved with gangs or are returning from incarceration. The project will renovate and fit out two buildings into classroom and additional program space and allow UTEC to purchase additional specialized equipment.
The Van Der Heyden project involves the preservation of a single high rise multifamily building containing 45 units.
Village at Park River Phase V includes the new construction of 58 units of affordable and market rate housing. The project is one phase of a six-phase development that includes the overall new construction of over 400 homes.
Acquisition financing for a 6-unit multifamily property. All the units are large 1-bedroom,1-bathroom apartments with below market rents. Two of the units will be reserved for tenants with Section 8 vouchers.
The Yellow Barn Business Accelerator is the culmination of a six-year effort spearheaded by the Town of Hardwick and the project sponsors. The town purchased the iconic “Yellow Barn” and the 4-acre site in 2019 to repurpose for economic development. The core mission of the project is to strengthen the regional farm- and food-based economy by supporting the growth of agricultural businesses, promoting development of new products, and increasing export to external markets. The 6,172 square foot historic barn, which is listed on the state’s historic register, also will be preserved and renovated into a retail destination by Cabot Creamery for its signature cheeses and to showcase other local agricultural products.
Freddie Mac
US Bank
M&T Bank
Fannie Mae
Institution for Savings
Santander Bank
Wells Fargo Community Lending & Investment
The Northern Trust Corporation
Chase Bank
Rockland Trust Company
UnitedHealth Group
Brookline Bank
AEGON USA Realty Advisors, Inc.
Cambridge Savings Bank
Capital One
Berkshire Bank
TransCapital
Cathay Bank
BNY Mellon
Citibank
WICOR America Inc.
Middlesex Savings Bank
People’s Bank
East West Bank
Cambridge Trust Company
PNC Bank
Federal Home Loan Bank – Boston
Avidia Bank
Citizens Bank
Kresge Foundation
HarborOne Bank
Webster Community Development Corporation
Pelham Corporation
Mass General Brigham Incorporated
The Boston Foundation
Boston Medical Center
Commonwealth of Massachusetts
Dana Farber
LendingClub Bank National Association
Milford Federal Bank
Needham Bank
Newton Community Development Foundation
Enterprise Bank and Trust Company
NJ Enterprises, Limited Partnership
Bangor Savings Bank
Tufts Health Plan Foundation, Inc.
BankFive
Private Investor
Conservation Law Foundation
Neighborhood Health Plan of Rhode Island
Blue Cross & Blue Shield of Rhode Island
Salem Five