Congressman Richard Neal (D-MA)

The New Markets program plays a significant role in financing many vital businesses and community projects that are overlooked by traditional lending markets. It helps to breathe new life into our neglected and underserved low-income communities. We’ve leveraged these funds to preserve and create jobs, and to build successful businesses….[In my district], the amount of […]

Food Bank of Western Massachusetts

The project consists of the acquisition of land and construction of a new 63,000 sq. ft. headquarters building with warehouse, office, training, and support spaces. The project design includes 33,000 sq. ft. of dry, 5,500 sq. ft. of frozen, and 5,500 sq. ft. of refrigerated warehouse space. Further, the project includes 19,000 sq. ft. of […]

Beacon Cinema

This $22.4 million project involved the conversion and expansion of the long vacant, historic Kinnell-Kresge building into a state-of-the-art movie house.

Richard E. Neal Complex Dedicated

Caring Health Center / Community Health Center (CHC), located at 1049 Main St., dedicated as the Richard E. Neal Complex at a dedication ceremony held on Monday, Sept. 22, 2014.

Pittsfield YMCA

The $12 million overhaul of a historic site that has called North Street home for over a hundred years for a YMCA.

Jay Breines, Holyoke Health Center, Holyoke, Massachusetts

We used NMTC to build our headquarters building in downtown Holyoke, representing the single largest building project ever in that area. It now provides 500 jobs and serves almost 20,000 residents, all of which adds to the urgent needs of this very poor community. Commercial banks were not comfortable with the potential $20,000,000 investment we […]

Springfield Prep Charter School

Finances the renovation and expansion of a vacant 43,515-sq. ft., single-story office building on 4.31 acres, repurposed into a K-8 school.

New England Public Radio

MHIC’s NMTC investment helps finance a new home for the station on Main Street in downtown Springfield.

Hot Mama’s

NMTC financing supported the Hot Mama’s project.

Educare Springfield

NMTC financing for the first Educare school in Massachusetts, serving 141 Head Start-eligible young children and their families with a full-day, year-round early education program.

Caring Health Center – Richard E. Neal Complex

The Caring Health Center project was the rehabilitation and adaptive reuse of three contiguous buildings in the Smith Carriage Company Historic District of Springfield, which improves healthcare in a medically underserved area.

Baystate Medical Center

New Markets Tax Credit financing for construction of a new, seven story, in-patient medical facility with 126 beds for the Baystate Medical Center.

Colonial Theater

The complete restoration of a historic theater (built in 1903) that had been closed for 50 years.

Apex Resource Technologies

Apex Resource Technologies received an infusion of $5 million, giving the company the working capital needed to expand its business and workforce.

River Valley Co-op

NMTC financing totalling $7.24 million supported the ground up construction of a 23,000 sq. ft. cooperative grocery store known as River Valley Co-op in Easthampton, MA, a USDA designated Food Desert.

Holyoke Library

A newly-restored and expanded library provides after-school programs for disadvantaged youth, a specially-designed young-adult room, Internet resources, computer skills training, summer reading programs and many other programs for children and adults in this community.

Holyoke Health Center

The first transaction of its kind in the country combined a Federal loan guaranty program for health centers and the NMTC became a prototype for other community health facilities nationwide.