Lori Trahan (D-MA03)

Impact in the District

Between 2005 and 2023, there was $795.8 million in total lending from CDFI Fund award recipients, including $105.8 million in loans to businesses and entrepreneurs, $367.5 million in housing development and mortgage lending, $187.9 million in consumer lending, $22.5 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
470 Main Street
Renovation of a historic 5-story building which now serves as its headquarters in the center of downtown Fitchburg.
Boys and Girls Club of Greater Lowell
Believe & Become is an ambitious campaign to renovate and expand the Boys & Girls Club of Greater Lowell.
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.
Esperanza Academy
This transaction supports the development of a new 31,500 SF school to improve education access for low-income girls.
Lawrence General Hospital
The construction of a surgical addition to Lawrence General Hospital.
Lowell House, Inc.
Financing totaling $2,000,000 to finance the acquisition of an existing sublease and build out of space for Lowell House Inc.
CDFIs with Branches in the District
Lowell Community Loan Fund
North Central Massachusetts Development Corporation
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union
Workers Credit Union

Map of CDFI Branches and Stories in

Massachusetts Fact Sheet