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CDE: MassDevelopment

MassDevelopment website

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 (2012)

Philadelphia, MS

This project brought the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc. The transaction closed on July 3, 2012. KemPosits manufactures walk-in bathtubs ideally suited to retirement homes and

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Community Action, Inc. (2007)

Haverhill, MA
  • Head Start, Healthcare, Shelters and Community Food
  • CDEs: MassDevelopment
NMTC financing for Community Action, Inc, a nonprofit that provides resources and opportunities for individuals, families and communities to overcome poverty.
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Fraunhofer Center (2011)

Boston, MA
This project involved the adaptive reuse and rehabilitation of a historic building in Boston’s new, dynamic Innovations District.
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Educare prepares to open state-of-the-art early childhood center ()

  • Community, Daycare and Early Childhood, Educare, Head Start, Healthcare, Youth and Families
  • CDEs: MassDevelopment
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South Coast (2017)

Fall River, MA

SouthCoast Marketplace – Construction retail facility and ancillary facilities. – Demolition of abandoned and blighted mall and redevelopment into an open-air retail, dining, and entertainment venue

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Harbor Health Services (2016)

Brockton, MA

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

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Artists for Humanity (2017)

Boston, MA
Expansion of existing building to double the number of youth Artists For Humanity trains and employs.
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Boston University Medical Campus (2006)

Boston, MA
  • Community, Healthcare, Higher Education, Historic Rehabilitation, Hospitals and Emergency Services
  • CDEs: 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
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Alma del Mar Charter School (2015)

New Bedford, MA
Demolition of 100 year old school building, construction of new school building.
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Plummer Building Rehab (2010)

Worcester, MA
Renovating old buildings and keeping neighborhoods free of crime are just two ways to improve communities.
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KIPP Academy Lynn Collegiate High School (2011)

Lynn, MA
KIPP Academy Lynn believes that engaged students are strong students, capable of attaining a college education.
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Joseph M. Smith Community Health Center (2013)

Brighton, MA
Financing for the construction of a community health center.
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Telegram and Gazette Building (2014)

Worcester, MA
  • Adult Education, College or Vocational Training, Community, Historic Rehabilitation, Mixed-use
  • CDEs: MassDevelopment, MHIC, USBCDE
New Garden Park is now home to Quinsigamond Community College.
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50 Prescott Street (2011)

Worcester, MA
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.
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Hot Mama’s (2006)

Springfield, MA
  • Business Development, Environment, Food Manufacturing, Manufacturing
  • CDEs: MassDevelopment
NMTC financing supported the Hot Mama’s project.
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Educare Springfield (2018)

Springfield, MA
  • Community, Daycare and Early Childhood, Educare, Head Start, Healthcare, Youth and Families
  • CDEs: 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.
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Horizons WaterMark Center (2018)

Roxbury, MA
The project is a joint venture between Horizons for Homeless Children and WaterMark Development.
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High Point Treatment Center (2014)

Middleborough, MA
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
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Lynn YMCA (2017)

Lynn, MA
  • Community, Daycare and Early Childhood, Food Bank or Pantry, HFFI, Homeless Services, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families
  • CDEs: 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
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United Teen Equality Center (2015)

Lowell, MA
UTEC creates several new businesses to create new jobs and contribute to community revitalization in Lowell, Massachusetts.
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Massachusetts Green High Performance Computing Center (2011)

Holyoke, MA
Finaning for the Massachusetts Green High Performance Computing Center, New England's first high performance computing center.
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YMCA Southcoast, Inc. (2013)

Fall River, MA
  • Community, Community Center, Daycare and Early Childhood, Mixed-use, Recreation, YMCAs and YWCAs, Youth and Families
  • CDEs: 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.
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EC Pigments USA (2008)

Fall River, MA
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.
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Cindys Kitchen (2007)

Brockton, MA
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.
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Brockton Neighborhood Health Center (2014)

Brockton, MA
  • Affordable Housing, Community, FQHCs, Healthcare, Housing, Mixed-use, Retail, Retail and Commercial, Transit Oriented Development
  • CDEs: 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.
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The Dimock Center’s Dr. Lucy Sewall Center for Acute Treatment Services (2016)

Boston, MA
  • Addiction Treatment, Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation
  • CDEs: Capital One, MassDevelopment
NMTC financing preserves critical source of addiction treatment services in low-income Boston neighborhood.
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Athol Memorial Hospital (2018)

Athol, MA
  • Behavioral Health, Community, Healthcare, Hospitals and Emergency Services
  • CDEs: MassDevelopment
Expansion of emergency department and addition of adjacent medical office building for a rural health clinic and a behavioral health provider.
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