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.