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.