Boston Private Bank & Trust Co. has completed major financing for three large community development loans for properties in Cambridge and Roxbury. Two of those loans, totaling $66.5 million, will renovate almost 300 public housing apartments in Cambridge for low-income residents.

The bank helped to finance the renovation of the 178-unit Lyndon B. Johnson Apartments and the 115-unit Lincoln Way/Jackson Garden public housing development. These projects are helping to create about 1,000 new construction jobs and involve renovating the apartments to make them more energy efficient.

The revitalization of the LBJ apartments will include more than $29 million in comprehensive modernizations and, when completed, will save the Cambridge Housing Authority $255,000 per year in energy costs. The LBJ project alone will create 400 new construction jobs and improve housing for dozens of elderly, low income residents.

The renovation of the Lincoln Way/Jackson Garden development is a local affordable housing preservation project that will create new construction jobs and improve housing for dozens of local families. Lincoln Way will be demolished and rebuilt in two stages, adding 10 more units to the existing 60, thereby continuing to provide affordable quality housing to local residents. Jackson Garden’s 45 units are being fully renovated.

"We have a proven track record of success with community development financing, understanding that it is good for business and good for the economy," said Mark Thompson, CEO and president of Boston Private Bank & Trust. "Many local banks are searching for ways to do good business. Financing projects such as the LBJ apartments helps to leverage private capital while creating jobs and services in our communities."

In addition, Boston Private Bank is helping to finance a community health center expansion in the Roxbury neighborhood of Boston. The Whittier Street Health Center has been serving low-income and underserved patients for more than 75 years, according to a statement.