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Funds Available Through RE Technical Assistance Program

| August 12, 2020

Boston – MassDevelopment announced the availability of up to $310,000 in funding through its Real Estate Technical Assistance program. Through a combination of in-house expertise and contracts with consultants, under this program MassDevelopment works with municipal officials, planners, local stakeholders, and others to address site-specific and district-wide economic development challenges. Awards will range from approximately $5,000 […]

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NHS Receives Grant

NHS Receives Grant

| August 10, 2020

Boston – NeighborWorks Housing Solutions (NHS), a housing service provider in southeastern Massachusetts, announced it has received a $260,000 grant from Wells Fargo to support homelessness prevention, homebuyer education and financial coaching programs for individuals and families across southern Massachusetts including Brockton, Quincy, and New Bedford. Wells Fargo also recently donated an additional $25,000 to […]

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Education Finance Company Receives ETF Loan

| July 22, 2020

Boston – MassDevelopment has provided a $1 million Emerging Technology Fund (ETF) loan to MentorWorks Education Capital, Inc., a Boston-based education finance company that offers flexible alternatives to student loans. The company has developed a financing platform using Income Share Agreements (ISAs), which cover students’ up-front tuition costs and allows students to begin repayment once […]

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Four Coronavirus Money Tips

Four Coronavirus Money Tips

| March 20, 2020

Washington – Jill Gonzalez, an analyst at WalletHub, a website that offers financial advice, offered the following tips to the public to protect themselves and to keep their wallets safe: Ask your bank for help. Many banks and credit unions have stated they are willing to offer assistance to people who face temporary financial hardship […]

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$75M Loan Secured for New Boston Hotel

$75M Loan Secured for New Boston Hotel

| November 22, 2019

Providence, RI – Citizens Commercial Banking announced that its commercial real estate finance team is providing a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties and Boston-based Harbinger Development, for the construction of a canopy by Hilton Hotel on the Rose Kennedy Greenway in […]

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BankNewport Location to be Redesigned

BankNewport Location to be Redesigned

| August 14, 2019

Newport, RI – BankNewport has teamed up with Sage Environmental, DBVW Architects, and DiPrete Engineering to redesign and redevelop its 12,000sf office at Washington Square in Newport. The team is creating plans to update the ADA accessibility to the front doors as well as the drive through configuration and pedestrian access connections to the abutting roadway. […]

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Pepperell Place Redevelopment Grows

Pepperell Place Redevelopment Grows

| October 28, 2018

MassDevelopment Adds $1.35 Million Pepperell, MA – MassDevelopment has supplemented its original loan to Lexvest Chapel, LLC to provide $1.45 million in additional funding for the continued redevelopment of Pepperell Place, a 190,000sf formerly vacant industrial building in Pepperell that has been converted into a business center. Lexvest Chapel, LLC is an affiliate of The […]

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Site Readiness Program Opens

Site Readiness Program Opens

| October 19, 2018

Boston – The Baker-Polito Administration announced the opening of a $2.5 million funding round for the Site Readiness Program, that provides grants to municipalities and other entities for purposes including strategic land acquisition, feasibility studies, master planning, environmental permitting and site improvements. Through its first two rounds of grants, the Site Readiness Program has awarded $3.4 million […]

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Abbott Awarded AIF Designation

Abbott Awarded AIF Designation

| July 25, 2018

Jim Abbott, Vice President and Financial Advisor, was awarded the Accredited Investment Fiduciary® (AIF®) designation from the Center for Fiduciary Studies®, the standards-setting body for Fi360 on July 13th, 2018. “I’m especially proud of our team’s growth over the past 9 months, with Jim earning this designation, the move to our new office on Dartmouth […]

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MassDev Bond Supports Mission Hill Restoration

MassDev Bond Supports Mission Hill Restoration

| February 16, 2016

Boston – MassDevelopment has issued a $16.8 million tax-exempt bond on behalf of RTH Restoration Housing Limited Partnership, which is using bond proceeds to help and renovate RTH Restoration Housing, a 100 percent affordable multi-family housing facility in Boston’s Mission Hill neighborhood.  Roxbury Tenants of Harvard Association (RTH), the project sponsor, will renovate 81 units […]

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