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Roxbury, MA (2007)

2201 Washington Street

The Massachusetts Department of Transitional Assistance - a state agency that provides transitional assistance to low-income families - now occupies three floors of a NMTC financed facility.

Investment

  • NMTC Amount: $6,587,825
  • Total Project Cost: $7,705,771

IMPACT

  • 40 FTE jobs
  • 28 construction jobs

CDEs

Investor

Project Description

The Massachusetts Department of Transitional Assistance — a state agency that provides transitional assistance to low-income families — now occupies three floors (80% of the previously vacant space). MHIC’s New Markets Tax Credit financing made it possible for Madison Park Development Corporation to substantially upgrade a 3-story commercial property in the heart of Roxbury’s Dudley Square, where MHIC has financed several other projects. The Massachusetts Department of Transitional Assistance — a state agency that provides transitional assistance to low-income families — now occupies three floors (80% of the previously vacant space). The redevelopment of this building ensures the retention of major tenants, including three city agencies that provide economic development assistance to area businesses. The building houses approximately 222 full-time employees, an increase of at least 40 full-time jobs over the previous occupancy.

MAP

Address: 2201 Washington Street, Roxbury, MA 2119

Census Tract: 25025080401

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