CDE: MassDevelopment

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

KemPosits Manufacturing Company

Philadelphia,
MS
(2012)

Indian Country, Manufacturing

CDE(s): Lower Brule Community Development Enterprise, MassDevelopment

NMTC transaction brings the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc.

Community Action, Inc.

Haverhill,
MA
(2007)

Head Start, Healthcare, Shelters and Community Food

CDE(s): MassDevelopment

NMTC financing for Community Action, Inc, a nonprofit that provides resources and opportunities for individuals, families and communities to overcome poverty.

Fraunhofer Center

Boston,
MA
(2011)

Historic Rehabilitation, Science and Tech

CDE(s): MassDevelopment, MHIC

This project involved the adaptive reuse and rehabilitation of a historic building in Boston’s new, dynamic Innovations District.

Educare prepares to open state-of-the-art early childhood center

Community, Daycare and Early Childhood, Educare, Head Start, Healthcare, Youth and Families

CDE(s): MassDevelopment

South Coast

Fall River,
MA
(2017)

Grocery and Fresh Food, HFFI, Retail

CDE(s): Chase, MassDevelopment

A former mall was redesigned as an open air plaza.

Harbor Health Services

Brockton,
MA
(2016)

Community, FQHCs, PACE

CDE(s): Community Health Center Capital Fund, MassDevelopment

Acquisition and renovation of a facility for a PACE (Program of All-Inclusive Care for the Elderly) center with capacity to serve 485 low-income elderly people, enabling these nursing care eligible

Artists for Humanity

Boston,
MA
(2017)

Arts

CDE(s): Bank of America, MassDevelopment

Expansion of existing building to double the number of youth Artists For Humanity trains and employs.

Boston University Medical Campus

Boston,
MA
(2006)

Community, Healthcare, Higher Education, Historic Rehabilitation, Hospitals and Emergency Services

CDE(s): MassDevelopment

With $9.5 million in support from Sovereign Bank, MassDevelopment put together a $20 million financing package through its NMTC programto rehabilitate and upgrade the FGS Building, one of two buildings

Alma del Mar Charter School

New Bedford,
MA
(2015)

Community, Schools, Youth and Families

CDE(s): Chase, MassDevelopment

Demolition of 100 year old school building, construction of new school building.

Plummer Building Rehab

Worcester,
MA
(2010)

Historic Rehabilitation, Municipal Facilities

CDE(s): MassDevelopment

Renovating old buildings and keeping neighborhoods free of crime are just two ways to improve communities.

KIPP Academy Lynn Collegiate High School

Lynn,
MA
(2011)

Community, Schools, Youth and Families

CDE(s): MassDevelopment

KIPP Academy Lynn believes that engaged students are strong students, capable of attaining a college education.

Joseph M. Smith Community Health Center

Brighton,
MA
(2013)

Community, FQHCs, Healthcare

CDE(s): Capital Impact Partners, Chase, MassDevelopment, Nonprofit Finance Fund

Financing for the construction of a community health center.

Telegram and Gazette Building

Worcester,
MA
(2014)

Adult Education, College or Vocational Training, Community, Historic Rehabilitation, Mixed-use

CDE(s): MassDevelopment, MHIC, USBCDE

New Garden Park is now home to Quinsigamond Community College.

50 Prescott Street

Worcester,
MA
(2011)

Business Development, Environment, Manufacturing

CDE(s): MassDevelopment

This innovative financing package helped fund construction of a 95,000-sq. ft. wet lab at Gateway Park in Worcester, which is expected to create 40 jobs.

Hot Mama’s

Springfield,
MA
(2006)

Business Development, Environment, Food Manufacturing, Manufacturing

CDE(s): MassDevelopment

NMTC financing supported the Hot Mama’s project.

Educare Springfield

Springfield,
MA
(2018)

Community, Daycare and Early Childhood, Educare, Head Start, Healthcare, Youth and Families

CDE(s): MassDevelopment

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.

Horizons WaterMark Center

Roxbury,
MA
(2018)

Community, Daycare and Early Childhood, Food Bank or Pantry, FQHCs, Healthcare, Homeless Services, 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.

High Point Treatment Center

Middleborough,
MA
(2014)

Addiction Treatment, Behavioral Health, Community, Healthcare

CDE(s): Chase, MassDevelopment

High Point, the largest provider of addiction and mental health treatment in Massachusetts, received NMTC financing to acquire and renovate a 60,000-square-foot facility on a Middleborough site that had been

Lynn YMCA

Lynn,
MA
(2017)

Community, Daycare and Early Childhood, Food Bank or Pantry, HFFI, Homeless Services, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families

CDE(s): Bluehub, Capital One, MassDevelopment, MHIC

The Lynn Y project comprises the land acquisition and new construction of 64,000 sq. ft. state of the art recreational facility in the city of Lynn, MA for the YMCA

United Teen Equality Center

Lowell,
MA
(2015)

Community, Community Kitchen, Daycare and Early Childhood, HFFI, Retail, Youth and Families

CDE(s): AI Wainwright, MassDevelopment

UTEC creates several new businesses to create new jobs and contribute to community revitalization in Lowell, Massachusetts.

Massachusetts Green High Performance Computing Center

Holyoke,
MA
(2011)

Higher Education, Mixed-use, Science and Tech

CDE(s): AI Wainwright, Building America CDE, CDF Development (Cordish), MassDevelopment, Urban Research Park CDE

Finaning for the Massachusetts Green High Performance Computing Center, New England's first high performance computing center.

YMCA Southcoast, Inc.

Fall River,
MA
(2013)

Community, Community Center, Daycare and Early Childhood, Mixed-use, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): MassDevelopment, MHIC

With MHIC's New Markets financing, the YMCA Southcoast, Inc. rehabilitated and preserved the historic character of the building it has occupied for 115 years.

EC Pigments USA

Fall River,
MA
(2008)

Business Development, Manufacturing

CDE(s): MassDevelopment

Instead of fading from the Massachusetts economy, EC Pigments USA, Inc. of Fall River used a financing package to keep its business in in Fall River.

Cindys Kitchen

Brockton,
MA
(2007)

Automotive, Homeless Services, Retail, Retail and Commercial

CDE(s): MassDevelopment, Rockland Trust

Critical NMTC financing allowed the company to purchase and rehabilitate a 28,000 sq. ft. building, tripling its industrial space, and enabling Custom Blends to stay in Brockton and grow.

Brockton Neighborhood Health Center

Brockton,
MA
(2014)

Affordable Housing, Community, FQHCs, Healthcare, Housing, Mixed-use, Retail, Retail and Commercial, Transit Oriented Development

CDE(s): Bank of America, MassDevelopment, MHIC

The NMTC allocation financed Trinity’s rehabilitation of the historic Brockton Enterprise building, transforming the space into a 51,000-sq. ft. commercial building with retail space on the first floor.

The Dimock Center’s Dr. Lucy Sewall Center for Acute Treatment Services

Boston,
MA
(2016)

Addiction Treatment, Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation

CDE(s): Capital One, MassDevelopment

NMTC financing preserves critical source of addiction treatment services in low-income Boston neighborhood.

Athol Memorial Hospital

Athol,
MA
(2018)

Behavioral Health, Community, Healthcare, Hospitals and Emergency Services

CDE(s): MassDevelopment

Expansion of emergency department and addition of adjacent medical office building for a rural health clinic and a behavioral health provider.