News & Events

THE IPSWICH HOUSING AUTHORITY, IN A JOINT VENTURE WITH HARBORLIGHT COMMUNITY PARTNERS, INC., FINANCES THE RENOVATION OF AN FHA-INSURED MULTIFAMILY SUPPORTIVE AFFORDABLE HOUSING PROJECT FOR SENIORS AND FAMILIES IN IPSWICH

Congratulations to the Ipswich Housing Authority and Harborlight Community Partners, Inc. in closing the financing of Agawam Village, which will finance the renovation of a multifamily affordable housing project at 95 County Road a/k/a 2-52 Agawam Village in Ipswich. Through financing from US Department of Housing and Urban Development through Lument Real Estate Capital, LLC and the sale of tax-exempt bonds issued by Massachusetts Development Finance Agency, Agawam Village will provide 94 units of affordable housing for seniors, families, [...]

SCG DEVELOPMENT PARTNERS AND CHOICE, INC. FINANCE THE ACQUISITION AND RENOVATION OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT IN TAUNTON

Congratulations to SCG Development Partners and CHOICE Housing Opportunities for Intergenerational and Community Endeavors, Inc. in closing the financing of Coyle School Residences, which will finance the acquisition and renovation of the historic Coyle School at 61 Summer Street a/k/a 59 Summer Street in Taunton. Through financing from Rockland Trust Company, BlueHub Loan Fund, Inc., and several public lenders, Coyle School Residences will provide 45 units of affordable housing for the residents of the city of Taunton.

HARBORLIGHT COMMUNITY PARTNERS, INC. FINANCES THE CONSTRUCTION OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT  FOR SENIORS IN WENHAM

Congratulations to Harborlight Community Partners, Inc. in closing the financing of Maple Woods, which will finance the construction of a multifamily affordable housing project at 62 Maple Street in Wenham. Through financing from Institution for Savings, in Newburyport and its Vicinity and several public lenders, Maple Woods will create 45 units of affordable housing for seniors in the town of Wenham.

METRO NORTH HOUSING CORP, IN COLLABORATION WITH BREAD OF LIFE, INC, FINANCES THE ACQUISITION AND FINANCING OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT AND FOOD  PANTRY IN MALDEN

Congratulations to Metro North Housing Corp. in closing the financing of Unit 2 of the 54 Eastern Malden Condominium Trust, which will finance the construction of a multifamily affordable housing project at 54 Eastern Avenue in Malden. Through financing from Eastern Bank and several public lenders, Unit 2 of the Eastern Malden Condominium Trust will create 14 units of affordable housing for formerly homeless and extremely low income residents, while Bread of Life, Inc. will operate Unit 1 as [...]

HARBORLIGHT COMMUNITY PARTNERS, INC. FINANCES THE CONSTRUCTION OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT  FOR FAMILIES AND SENIORS IN ROCKPORT

Congratulations to Harborlight Community Partners, Inc. in closing the financing of Granite Street Crossing, which will finance the construction of a multifamily affordable housing project at 5 Granite Street in Rockport. Through financing from Eastern Bank and several public lenders, Granite Street Crossing will create 23 units of affordable housing for families and seniors in the town of Rockport.

CONCORD SQUARE PLANNING & DEVELOPMENT FINANCES THE CONSTRUCTION OF OPPORTUNITY ZONE PROJECT IN BROCKTON

Congratulations to Concord Square Planning & Development, Inc. in closing the financing of the construction of 28 Petronelli Way in Brockton, Massachusetts. Through financing from Massachusetts Development Finance Agency, The Property and Casualty Initiative, LLC, and PM 2006 Massachusetts Historic Tax Credit Fund, LLC, Concord Square Planning & Development will create 18 rental units for the residents of Brockton.

EASTERN BANK CLOSES $2.2MM LOAN TO PROVIDE SUPPORTIVE HOUSING IN QUINCY

Congratulations to Eastern Bank in closing a $2.2MM loan for the benefit of Neighborhood Housing Services of the South Shore, Inc.  The proceeds of the loan will finance the construction of Lower Winter Street Apartments at 54 Winter Street (aka 54-64 Winter Street), Quincy, Massachusetts. Lower Winter Street Apartments will provide 18 supportive housing units for individuals who are either homeless or at extreme risk of homelessness in the City of Quincy. 

EASTERN BANK CLOSES $19MM LOAN TO PROVIDE HOUSING FOR SENIORS IN HOLBROOK

Congratulations to Eastern Bank in closing a $19MM loan for the benefit of NWHS Holbrook Center Senior Owner LLC, an affiliate of Neighborhood Housing Services of the South Shore, Inc.  The proceeds of the loan will finance the construction of Holbrook Senior Center, a mixed-use development at 120 North Franklin Street, 132 and 132R North Franklin Street, 27 Maple Avenue, and 31 Maple Avenue, Holbrook, Massachusetts. Holbrook Senior Center will provide 70 units of affordable rental housing to seniors [...]