POAH Gets Eastern Bank Financing for Mashpee Project
Financing from Eastern Bank will enable a Boston-based nonprofit housing developer to complete 39 income-restricted apartments in Mashpee.
State to Allow Mixed-Use in Transit Zoning, Adds Penalties for Snubs
State housing officials announced Thursday afternoon that they will let Boston-area towns and cities add a potentially controversial requirement for mixed-use buildings to zoning changes designed to comply with the MBTA Communities transit-oriented zoning law.
95K Mass. M&T Bank Customers Hit by Data Breach
A global data breach on Tuesday tied to a piece of third-party software has potentially exposed the personal information of over 95,000 Massachusetts residents, M&T Bank told state officials.
CSB’s Digital Ivy Bank Reports Over $530M in Deposits in 2 Years
Since launching as a digital-only bank two years ago, Ivy Bank has already over $530 million in deposits and 6,600 national customers.
Brockton Property Gets Financing for Updates, Extended Affordability
A $12.9 million permanent loan from MassHousing will extend affordability restrictions and pay for capital improvements at a 106-unit Brockton property.
Equity, Reproductive Rights Help Mass. Climb in ‘States For Business’ Rankings
A popular ranking of states’ business climates is beginning to put more emphasis on things like reproductive rights, equity and inclusion.
Meeting Minutes Show Fed Still Eyeing More Rate Hikes
Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
Boston Firm’s $865M Fund to Focus on Underperforming Properties
A Boston private equity firm raised $865 million for its latest fund, which will pursue investments in underperforming properties.
FDIC Names CRE Concentration at Community Banks a Top Risk
Community banks loaded up on office loans, lines of credit to nonbank mortgage lenders and cyberattacks across the banking industry are some of the top risks bankers need to be watching, the FDIC said.
NBT Completes Merger With Salisbury Bank
NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.
Hyde Park Housing Site Sold to Connecticut Developer
A Hyde Park property approved for construction of a 247-unit apartment complex has been sold to a Connecticut developer that specializes in urban infill projects.
Boston to Trial Cargo Bikes in Bid to Transform Deliveries
Boston officials say they are launching a small pilot program that will use e-cargo bicycles to replace delivery vans and trucks in Allston for a year, starting next month.
Westfield Property Sold to Manufacturing Company
A metal manufacturer will open a new facility in Westfield following its purchase of a nearly 230,000-square-foot industrial building next to Westfield-Barnes Regional Airport.
Healey Looks to Replace Just One Cape Bridge to Start
After previous efforts to secure federal funding for replacement of both Cape Cod bridges stumbled, Gov. Maura Healey and her deputies will shift to a phased approach that first targets money primarily for the Sagamore Bridge.
Metro Credit Union Scooped Up $200M in Deposits from Spring Bank Failures
Metro Credit Union said it was one of the financial institutions able to grab depositors from the spring bank failures in March, taking in more than $200 million in deposits.
Menkiti Group Picked for High-Profile Downtown Worcester Project
Worcester officials selected a developer that’s been active in recent downtown real estate projects to build a 233-unit apartment complex at a former department store property.
Healey Veto Would Damage Racial Wealth Gap Efforts, Nonprofits Say
A $1.5 million cut to a state grant program for first-time homebuyer counseling might seem small, but the nonprofit community developers who use the funds say it could gut their work trying to give aspiring homebuyers of color a shot in the ever-more-expensive Massachusetts housing market.
OCC Data: Santander Shrinks Bank Locations, JPMorgan Expands
Santander Bank has proceeded with the planned closures of its bank branches while JPMorgan Chase Bank continues to expand its branches in Massachusetts.
Sequoia Financial Acquires Burlington-based Wealth Managers
Wealth manager Sequoia Financial Group is acquiring Burlington-based Affinia Financial Group, in a move that would expand the former’s footprint to special needs financial planning.
No Sign of Sellers’ Return to Mass. Housing Market
In what’s become a familiar refrain for Massachusetts housing market-watchers, a trio of data reports issued Monday showed for-sale inventory significantly down in July, and prices rising.
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