$53,867,221 in Qualified Commitments in 2022
NeighborWorks Housing Solutions, Brockton
$2,367,000 acquisition loan to develop 94 units of affordable rental housing
New Atlantic/Dream Development: 2147 Washington St, Nubian Square, Boston
$75,000 increase to construction loan for 12 homeownership units.
Nubian Ascends Partners, Nubian Square, Boston
$575,000 predevelopment loan to support 389,000 square feet of commercial office/laboratory, culinary, bio-tech and vocational training, arts and culture space and 15 homeownership units.
Horizons Watermark, Roxbury, Boston
$375,000 tenant improvement loan for Catholic Charitable Bureau of the Archdiocese of Boston, Inc.
Traggorth Companies, LLC, statewide
$500,000 Predevelopment line of credit loan to support pipeline of 106 units of mixed-income housing
Lamour Community Health Institute, Inc., Braintree
$3,645,000 to acquire commercial building to serve as program and office space for behavioral and health services.
Northeast Biodiesel Company, LLC., Greenfield
$650,000 working capital loan to support a cooperatively owned plant start-up.
East Boston CDC, Lynn (decommitted)
$1,500,000 Acquisition financing for 104 units of senior, affordable, rental housing.
Alinea Capital Partners, LLC, New Bedford
$275,000 Acquisition Financing for 53 units of affordable housing at 10@8th.
DREAM Development, Roxbury
$3,400,000 Construction loan for the development of 10 market rate and 2 affordable home ownership condos.
Madison Hibernian Arts, LLC, Madison Park Development Corporation, Nubian Square Roxbury
$1,500,000 Refinancing of 25,000 square foot non-profit facility at 184-186 Dudley Street.
SWBCDC, Hyde Park, Boston
$2,184,221 to acquire a 12-unit three story multifamily residential rental property to preserve as permanently affordable housing.
First Resource Development Company, Springfield
$6,000,000 Construction Loan to renovate a historic building into 41 units of affordable rental housing.
Dorchester Bay EDC, Pierce Building, Dorchester
$2,500,000 Historic Tax Credit Bridge Financing to renovate a 16,100 SF for a non-profit community facility and commercial uses
Caritas Communities, Chelsea
$1,235,000 Mini-perm Financing to refinance 423 Eastern Ave, Chelsea (22 SRO units, 2,274 SF of commercial),and recapitalize 132 units in Roxbury, Brookline, and New Bedford.
Norfolk Design & Construction, Boston
$500,000 Predevelopment Line of Credit to BIPOC developer for the pipeline of projects to develop 17 units of affordable housing across multiple site projects in Boston.
Lawrence Community Works, Lawrence
$1,200,000 Line of Credit Renewal to enable the borrower to pay for its predevelopment and acquisition of rental and homeownership housing, and commercial real estate in Lawrence.
Housing Corporation of Arlington, Arlington
$4,300,000 Acquisition financing for the redevelopment of 10 Sunnyside Ave, Arlington, MA, including approximately 40 units of affordable, rental housing and program and office space for HCA.
Gosnold Inc., Bourne
$5,600,000 Mini-Perm Financing loan to facilitate construction and stabilization of Gosnold’s new, acute psychiatric facility in Cataumet
Wayfinders, South Hadley
$1,170,000 Acquisition Loan to purchase a vacant portion of land at 501 Newton Street to develop into 60 units of low income and workforce rental housing.
NWSOMA, Various Southern MA Projects
$1,250,000 Predevelopment/Pre-construction Line of Credit to facilitate completion of Neighborhood Housing Services’ development pipeline of projects.
NWSOMA, Acquisition Loan, Brockton
$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.
Metro West Collaborative Development, Boston Metro West
$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?)
Nuestra Comunidad Development Corp., Roxbury
$750,000 Predevelopment Line of Credit support Nuestra’s pipeline of affordable homeownership and affordable rental housing projects in Roxbury
23 Farrar Street LLC & Soliyarn Inc., Lynn
$2,025,000 Acquisition and Construction Loan for renovation of owner-occupied commercial real estate property to create 122 jobs.
Norfolk Design & Construction, Dorchester
$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.
Harborlight Community Partners, Various North Shore Projects
$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
Urban Edge Housing Corporation, Boston
$1,000,000 Predevelopment Line of Credit Renewal to facilitate completion of UE’s robust development of affordable housing pipeline
Fitchburg Arts Community, Fitchburg
$5,000,000 Participation of $22,025,155 Construction Loan to create 68 units of quality affordable and workforce artist preference rental housing.