Massachusetts Housing Investment Corporation Stories and Data

Massachusetts Housing Investment Corporation Stories

New North Canal Predevelopment Line of Credit | Coalition for a Better Acre
NeighborWorks Capital is pleased to extend a $500,000 predevelopment line of credit increase to Coalition for a Better Acre for the New North Canal project, bringing the total line of credit to $1,500,000. Funds will be used for predevelopment costs for New North Canal, one of the largest affordable rental developments in Lowell, MA, with 267 units in 27 buildings and Olympia Restaurant, a 24-unit new construction homeownership condominium project.
Coalition for a Better Acre (CBA) | New North Canal Apartments
NeighborWorks Capital is pleased to extend a $1,000,000 pre-development line of credit to the Coalition for a Better Acre (CBA) in Lowell, MA. Funds will be used to support predevelopment costs associated with a 4% LIHTC recapitalization of New North Canal Apartments and the new construction of Olympia Restaurant, a homeownership condominium project slated for 2025.
Whittier Street Health Center
The Whittier Street Health Center project involved the new construction of a six-story, 78,900 sq. ft. community health facility for the Whittier Street Health Center Committee, Inc. Whittier is a 75-year-old, nonprofit community health clinic in the Roxbury neighborhood of Boston. The new facility replaces 33,000 sq. ft. of leased space in the same neighborhood and allows Whittier to serve a larger number of patients and expands the types of services offered. The project nearly doubles the size of Whittier’s clinical operations and includes complementary health services in partnership with the Dana-Farber Cancer Institute, the Whittier Pharmacy and a physical therapy office.
Family Health Center of Worcester
Family Health Center of Worcester (FHCW) housed its main clinical and administrative facility on three floors of the seven-story former Worcester City Hospital building. The project will reconfigure and expand FHCW’s space by adding a new vision suite, expanding the pharmacy and dental suite, and reconfiguring administrative space. FHCW will occupy 82,130 sq. ft. on four floors when the renovation is complete. The renovated health center will meet LEED Certified for Commercial Interiors.

Massachusetts Housing Investment Corporation Fact Sheet

Map of Massachusetts Housing Investment Corporation CDFI Branches and Stories