MA05 Stories and Data

MA05 Stories

Community Music Center of Boston
BlueHub Capital provided $10 million in New Markets Tax Credit allocation to help the Community Music Center of Boston purchase and renovate a historic Nubian Square building into a new arts education center. The facility will include music studios, a recording studio, digital piano lab, performance hall, and workforce development space while increasing CMCB’s capacity.
Community Music Center of Boston
BlueHub Capital provided $10 million of a $22 million NMTC financing package to renovate a historic Nubian Square building into the Community Music Center of Boston’s new headquarters. The facility will expand music education, youth workforce development, music therapy, and community programming and is expected to increase CMCB’s capacity by at least 50%.
150 River Street Village
Boston Impact Initiative supported Caribbean Integration Community Development’s development of 150 River Street Village, a new affordable senior housing community in Mattapan. The project transformed a long-vacant site into 30 income-restricted apartments for older adults with accessible units, community space, outdoor areas, and services intended to support aging in place.
Concrete Washout Solutions of New England
Millbury National Bank provided Jeff Trudeau with a $347,000 startup loan and $30,000 line of credit to launch Concrete Washout Solutions of New England. The company developed a service for capturing and treating concrete washout wastewater and subsequently expanded throughout New England.

Map of MA05 CDFI Branches and Stories

Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.

MA05 Investment Map

CDFI Investment Map

Mapped CDFI investment data (2005-2023), via the CDFI Coalition's partnership with CDFI Friendly America.

CDFI Advocacy App

Want more state data? Check out CDFI Friendly America's mobile-friendly CDFI Advocacy App for impacts from 2005-2023.

MA05 Fact Sheet

I cannot state strongly enough how important CDFIs have been to my community and to the country as a whole. They rely in part — as they should — on federal financial support. Please release funds for use by the many CDFIs in the USA.

Maggie Cohn, Back of the Hill CDC, Roxbury Crossing, MA

CDFIs solve for capital access gaps that increase economic opportunities for people and communities who have been excluded from that opportunity.

Micha Josephy, Cooperative Fund of the Northeast, Inc., Watertown, MA

The CDFI funds are critical to supporting entrepreneurs start up new small businesses which are the backbone of our economy. Without this funding, new jobs cannot be created and local tax bases will not grow. Please support small businesses!

Sue Murray, SEED Corporation, Taunton, MA

CDFIs are mission-driven financial institutions rooted in community. They exist to expand economic participation, particularly in places that have long been excluded from traditional financing systems. In many ways, BII has operated with a CDFI mindset from the start: investing in local entrepreneurs, supporting community-owned enterprises, and helping to close persistent gaps in access to capital.

Betty Francisco, Boston Impact Initiative Fund II LLC, Roxbury, MA