MHIC Coffin Lofts and Lawtons Corner Projects

New Bedford,
MA
(2004)

MHIC Coffin Lofts and Lawtons Corner Projects

Mixed-use

The historic renovation and adaptive reuse of six vacant buildings

Investment

NMTC Amount: $5,077,288
Total Project Cost: $6,950,001

IMPACT

6 FTE jobs
25 construction jobs
26,601 sq. ft. of real estate

CDEs

MHIC

Project Description

MHIC Coffin Lofts and Lawtons Corner Projects MA: Coffin Lofts, along with its companion project, Lawton’s Corner, was among the first projects MHIC financed using New Markets Tax Credits and among the first NMTC projects in the country to get under way. In downtown New Bedford, six distressed historic buildings (Coffin Lofts and Lawton’s Corner) were transformed into retail/office and commercial space and mixed-income housing. The sponsors teamed up to transform this neighborhood, but would not have been able to complete The project without New Markets Tax Credit financing.

MAP

Address: 196 Union Street, New Bedford, MA 2740

Census Tract: 25005651800

Other Massachusetts Projects

Horizons WaterMark Center

Roxbury,
MA
(2018)

Community, Daycare and Early Childhood, FQHCs, Healthcare, Mixed-use, Nonprofit Hub, Restaurants and Catering, Retail and Commercial, Shelters and Community Food, Youth and Families

CDE(s): Building America CDE, MassDevelopment, MHIC, Partners for the Common Good, Rose Urban Green Fund

The project is a joint venture between Horizons for Homeless Children and WaterMark Development.

Arts Block/Pushkin and Bank Row

Greenfield,
MA
(2009)

Adult Education, College or Vocational Training, Community, Historic Rehabilitation, Mixed-use, Restaurants and Catering, Retail and Commercial, Rural

CDE(s): MHIC

Arts Block/Pushkin and Bank Row are two projects involving the renovation of five historic, mostly vacant buildings, totaling nearly 40,000 sq. ft., clustered around the main intersection in downtown Greenfield.

Lawrence CommunityWorks

Lawrenceville,
MA
(2024)

Community, FQHCs, Grocery and Fresh Food, Healthcare, Retail, Retail and Commercial

CDE(s): Mascoma Community Development, Raza Development Fund

Lawrence CommunityWorks is set to transform this historic mill into a hub of activity and growth.

Huntington Avenue YMCA

Boston,
MA
(2012)

Community, Daycare and Early Childhood, FQHCs, Healthcare, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Mid-City Community CDE, Urban America, WNC National Community Development Advisors

Financing for a new YMCA for YMCA of Greater Boston, founded in 1851 as the country’s first Y.