$33,395,020 in Qualified Commitments Made Year-to-Date in 2024

Way Finders, Inc. and Subsidiaries, Greenstead Grove, Ludlow

$6,950,000 Construction Loan (50% of a participation with MHIC) for the development of 43 units of affordable rental housing for low- and moderate-income households.

Mill Cities Community Investments (MCCI), Welcome Home, Boston

$4,000,000 loan to create a $6,000,0000 predevelopment loan fund with the City of Boston to invest in historically underrepresented developers in creating 50-75 units of affordable home ownership.

SWBCDC Neponset Valley Pkwy, Hyde Park Boston

$60,000 Increase for Southwest Boston CDC for predevelopment of a naturally occurring affordable housing project.

Dorchester Bay Economic Development Corp., Boston

$750,000 Predevelopment Line of Credit Renewal to create approximately 66 units of low income, affordable housing, affordable artist space, and affordable commercial opportunities.

Boys & Girls Club of Boston at Horizons Watermark, Roxbury

$195,000 Tenant Improvement Loan to facilitate the completion of 2,600 SF of office space.

Rutto Bats, LLC, Holyoke

$500,000 Equipment Loan at a Black owned baseball bat manufacturer in Holyoke.

Fenway Community Development Corporation, Boston

$2,070,000 Acquisition Loan to create approximately 23 units of affordable rental housing, including 10% of the units dedicated to the formerly homeless.

The Neighborhood Developers, Chelsea

$1,719,000 Acquisition Loan to finance the acquisition of 7 units of deed-restricted affordable rental housing at two properties.

The Community Builders, Inc., Easthampton

$1,075,000 Acquisition Loan for the development of 87 units of affordable family housing.

Harborlight Community Partners, Lynn

$1,552,500 Acquisition financing for the development of 68 units of affordable rental housing.

POUA, Acquisition Loan, Attleboro

$2,000,000 Acquisition financing (in participation with CEDAC) for the development of a 47-unit emergency family homeless shelter.

POUA, Acquisition Loan, Gloucester

$2,000,000 Acquisition loan (in participation with CEDAC) for the development of 55 units of affordable, family, rental housing.

POUA, Construction Loan, Worcester

$3,800,000 Construction loan to create 22 affordable condominium ownership units in an office-to-residential conversion

New Vision Enterprise, Brockton

$2,047,500 Bridge financing to Housing Development Incentive Program (HDIP) tax credits for 46 rental apartments, 9 of which will be dedicated to workforce housing.

Caritas Communities, Norwood

$1,440,000 Acquisition loan to convert an office building into a 20- unit affordable housing development restricted to extremely low-income U.S. Military Veterans and low-income widows/widowers of Veterans.

Creative Hub Worcester LLC, Worcester

$3,186,020 Bridge financing to federal and state historic tax credits (HTC) to redevelop a vacant historic
building into a 34,000 SF facility focused on youth, artists and neighborhood revitalization.