Tag: MassDev
MassDev. Finances Sr. Housing
Boston – MassDevelopment has issued a $10 million tax-exempt bond on behalf of Hearth Four Corners LLC, an affiliate of Hearth, Inc., a national nonprofit dedicated to eliminating elder homelessness. Hearth will use bond proceeds to buy a parcel near the Four Corners/Geneva MBTA commuter rail station in Dorchester, on which it will build and […]
MassDev Issues Bond for Manufacturing Facility
Boston – MassDevelopment has issued a $2.8 million tax-exempt bond on behalf of The duMONT Company and Hassay Savage Company, western Massachusetts-based manufacturers of precision broaching tools, and HYE Partners, LLC, a real estate entity affiliated with the two companies. HYE Partners will use bond proceeds to buy 2.87 acres of vacant land in Deerfield, […]
MassDev Issues Bond For Multi-Res Project
Boston – MassDevelopment has issued a $9.4 million tax-exempt bond on behalf of 61 Heath LLC. The bond proceeds will be used to build a 47-unit affordable multifamily rental housing facility at the site of a vacant lot in Boston’s Jamaica Plain neighborhood. 61 Heath LLC is an affiliate of Jamaica Plain Neighborhood Development Corporation […]
Housing Communities to be Renovated
Bedford, MA – MassHousing has provided a total of $22.4 million in affordable housing financing to an affiliate of Preservation of Affordable Housing (POAH) for the acquisition, rehabilitation and long-term preservation of affordability at the 96-unit Bedford Village and the 14-unit 447 Concord in Bedford. POAH plans to make extensive property renovations to both housing communities. […]
Valley Steel Stamp Expands
Greenville, MA – MassDevelopment has issued a $1.9 million bond for CJBW Stamp LLC, the real estate arm of Valley Steel Stamp, which will use bond proceeds to construct a 17,500sf building in the Greenfield Industrial Park that the company will then lease. The new building will be next to an existing 27,500sf building that […]
Campaign to Transform Doyle Playground
Boston – MassDevelopment and the Southwest Boston Community Development Corporation (SWBCDC), a nonprofit that works in Boston’s Hyde Park neighborhood, announced a new Commonwealth Places campaign, a collaborative initiative from MassDevelopment and the civic crowdfunding platform Patronicity. The SWBCDC’s campaign will help transform the underused former Doyle Playground into a new neighborhood park that will provide space […]
Former Schoolhouse to Be Developed into North Village Lofts
Worcester, MA – MassDevelopment has partnered with Main Street Bank in Marlborough to provide a $2.78 million commercial real estate mortgage loan to North Village Lofts LLC, a partnership between Worcester developers Timothy Adler and Daniel Stroe. Main Street Bank was the lead lender on the financing, and MassDevelopment contributed $1.3 million to the loan. […]
Performing Arts Project Launched
Ashfield, MA – MassDevelopment and the civic crowdfunding platform Patronicity have launched a new Commonwealth Places campaign with Double Edge Theatre for “Collaborative Imaginings,” a project to convert vacant and underused farm buildings into beautiful new spaces for the performing arts. If the campaign reaches its crowdfunding goal of $50,000 by June 8, 2018, at midnight, the project […]
Tyngsborough Launches Commonwealth Places Campaign
Tyngsborough, MA – MassDevelopment and the civic crowdfunding platform Patronicity recently launched a new Commonwealth Places campaign with the town of Tyngsborough for a walking trail and community gathering space. If the campaign reaches its crowdfunding goal of $12,500 by June 1 at midnight, the project will win a matching grant with funds from […]
Women’s Organization Gets Reno Financing
Worcester, MA – MassDevelopment has issued an $8.2 million tax-exempt bond for Abby’s House, an organization in Worcester that provides housing, shelter, and support services to homeless and low-income women, with or without children. The organization will use bond proceeds to renovate its 53-unit single occupancy facility at 52 High Street in Worcester. The renovations […]
