Lowell House, Inc.

Lowell,
MA
(2019)

Lowell House, Inc.

Behavioral Health, Community, FQHCs, Healthcare

NMTC financing totaling $2,000,000 to finance the acquisition of an existing sublease and build out of space for Lowell House Inc.

Investment

NMTC Amount: $2,000,000
Total Project Cost: $2,000,000

IMPACT

10 FTE jobs
10 construction jobs
2,530 patients served
Project includes a Federally Qualified Health Center.

CDEs

MHIC

Investor

Chase

Project Description

A qualified equity investment of $2 million by the Chase allowed MHIC to provide NMTC financing for the acquisition of an existing sub-lease and build out of space for Lowell House Inc.’s new facility, the Center for Integrated Treatment and Recovery in Lowell, MA.

MAP

Address: 101 Jackson Street, Lowell, MA 1852

Census Tract: 25017310100

Other Massachusetts Projects

Greater New Bedford Community Health Center

New Bedford,
MA
(2014)

Community, FQHCs

CDE(s): Rockland Trust

Offices of physicians, dentists, and other health practitioners

Springfield Prep Charter School

Springfield,
MA
(2020)

Community, Schools

CDE(s): Civic Builders

Finances the renovation and expansion of a vacant 43,515-sq. ft., single-story office building on 4.31 acres, repurposed into a K-8 school.

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

Artists for Humanity

Boston,
MA
(2017)

CDE(s): Bank of America, MassDevelopment

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