Newton Project for Middle-Income Seniors Funded
A project that received $129 million in MassDevelopment bond financing is designed to deliver a rare middle-income housing option for senior citizens in Newton.
Attleboro Mill Gets Financing for Apartment Conversion
A developer will put $11.3 million in financing from HarborOne Bank and MassDevelopment to work in converting a blighted Attleboro mill property into market-rate housing.
Holyoke Properties Get Financing from MassDevelopment
Tax-exempt financing from MassDevelopment will enable a Holyoke community action agency to preserve a two-building portfolio of affordable apartments.
Smart Textile Manufacturer to Buy Lynn Property for Expansion
A vacant industrial building in Lynn will be updated to become the new home of a manufacturer that supplies heated gloves and boots to the U.S. military.
Hot Property: Mission on Summer
Developers received $3.1 million in financing from MassDevelopment and Bay State Savings Bank for the conversion of a vacant downtown Worcester chapel into affordable housing.
MassDevelopment Banks on Gateway Cities
As MassDevelopment looks to more aggressively embrace and utilize our land banking authority across Massachusetts for the benefit of residents and businesses, recent projects in Gateway Cities demonstrate our ability to reposition challenging properties.
Hot Property: 1550 Main St.
A pair of developers acquired a former federal courthouse-turned-office building in downtown Springfield from MassDevelopment for $6 million.
Table Talk Project Lands $20M in State Help
A multifamily development in Worcester’s blossoming Canal District has secured a big, additional segment of its capital stack thanks to a tax-exempt bond from MassDevelopment.
MassDevelopment Adds Three Years to CEO Rivera’s Contract
The state’s economic development finance agency board has extended the contract of its top official to keep the Gov. Charlie Baker appointee in place through most of Gov.-elect Maura Healey’s term.
Conversion Creates Rental Housing in Downtown Gardner
A $2.9 million loan by Fidelity Bank and subsidies from state agencies will enable a developer to refurbish a pair of vacant downtown Gardner buildings into 29 market-rate apartments.
Housing Going Up At Former Hyannis Nursing Home Site
The state’s economic development agency has partnered with BankFive to provide nearly $12 million in loan financing to developers who plan to build a 53-unit mixed-income apartment complex in Hyannis.
Community Good Works
Woburn-based Cummings Properties has pledged $20 million to Roger Williams University in its latest major donation to a local school.
Financing Will Preserve 116 Affordable Apartments in Chelsea
A $25.35 million tax-exempt bond from MassDevelopment will be used by a nonprofit to acquire and modernize 116 affordable apartments in Chelsea.
The Alchemy of Gateway City Development
Can a state agency serve as a true partner and a local catalyst for golden opportunities in the commonwealth’s underperforming urban neighborhoods? MassDevelopment’s transformative experiences with Gateway Cities tells us that we can.
Green Bond to Finance Springfield College Academic Building
A $107 million financing package from MassDevelopment will pay for a series of projects at Springfield College, including $45 million for a new health sciences building that received a Green Bond designation.
Life Science Manufacturer Breaks Ground on Devens Plant
A British manufacturer broke ground today on a 150,000-square-foot new facility at the state-owned Devens business park.
Major Renovations at 300-Unit Springfield Complex Financed
Bonds from MassDevelopment worth $39 million are set to finance major renovations at a 346-unit Springfield apartment complex, and help convert dozens of market-rate units in the building to affordable housing.
First Bay State Hotel-to-Housing Conversion Begins
A former Brockton hotel is being converted into apartments for formerly homeless people under a project receiving $5.3 million in financing from MassDevelopment.
Former Haverhill School Slated for Apartment Conversion
A $6.5 million loan from Pentucket Bank and MassDevelopment will support the conversion of a former parochial school in Haverhill into 36 market-rate apartments.
Market-Rate Developers Get Financing for Two Lawrence Projects
MassDevelopment and The Savings Bank of Wakefield have partnered in a 50-50 financing partnership for two downtown Lawrence real estate projects that add a combined 58 units of market-rate housing in downtown Lawrence.
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