Food Bank of Western Massachusetts

New Markets Tax Credit Coalition

Chicopee,
MA
(2022)

Food Bank of Western Massachusetts

Shelters and Community Food

Investment

NMTC Amount: $21,000,000
Total Project Cost: $22,515,036

IMPACT

63 FTE jobs
50 construction jobs
62,791 sq. ft. of real estate

CDEs

Evernorth Rural Ventures, Mascoma Community Development

Investor

Capital One

Project Description

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 office, training, and support spaces.

MAP

Address: 25 Carew Street, Chicopee, MA 1020

Other Massachusetts Projects

River Valley Co-op

Northampton,
MA
(2020)

Community, Grocery and Fresh Food, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Capital One, Evernorth Rural Ventures, MHIC, National Community Investment Fund

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

Franklin Cummings Tech

Boston,
MA
(2024)

Schools

CDE(s): Bluehub, Chase, Consortium America, Grow America, Partners for the Common Good

Expansion and modernization of technical college increases career opportunities for low-income persons through affordable workforce training and wraparound services.

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.

Lowell Community Health Center (Phase 1)

Lowell,
MA
(2011)

Community, FQHCs, Healthcare, Historic Rehabilitation

CDE(s): Capital Impact Partners, MHIC

The acquisition and adaptive reuse of a historic mill complex to create a new 100,000 Federally-Qualified Health Center.