New Markets Tax Credit Coalition

  • Lowell,
  • MA
  • (2019)

Lowell House, Inc.

District: Lori Trahan (D-MA03)

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

Investor

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.

External Profile

MAP

Address: 101 Jackson Street, Lowell, MA 1852

Census Tract: 25017310100

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