Perseverance Pays Off in Fitchburg for Nonprofit Developer
The new Fitchburg Arts Community demonstrates a potential playbook for successful financing of housing through public subsidies in Massachusetts’ Gateway Cities.
The new Fitchburg Arts Community demonstrates a potential playbook for successful financing of housing through public subsidies in Massachusetts’ Gateway Cities.
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.
After beginning her career as a landscape architect in St. Louis, Laura Christopher is focusing on a different type of Gateway City in her new role for MassDevelopment’s transformative development initiative.
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.
A new market-rate housing development is moving forward in an area the city of Pittsfield has targeted for future development.
A $2 million loan from MassDevelopment will support conversion of a vacant downtown Haverhill building into market-rate housing and retail space.
Francisco Torres is working with Fitchburg to restore vitality and bring more foot traffic to its downtown, helping potential retail tenants seek lease subsidies and providing developers with advice on converting vacant buildings into housing.
Gateway Cities hold tremendous promise as regional economic anchors. Early successes in Gateway Cities can guide other communities across the commonwealth as they strive to achieve local economic development priorities.
Redevelopment visions in Chelsea, Fitchburg, Lawrence and Worcester will be advanced with the aid of four point people introduced Tuesday by the state’s economic development agency.
When the Transformative Development Initiative (TDI) launched in 2014, MassDevelopment set out to sow the seeds for economic revitalization in the commonwealth’s Gateway Cities.