Northstar, New Bedford

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $11,000,000

IMPACT

  • 55 FTE jobs
  • 256 construction jobs
  • 18.85 jobs created and 36 jobs retained.
  • 19,026 sq. ft. of real estate

CDEs

Investor

Project Description

The project involves financing a new 17,500 square foot state-of-the-art Early Education and Community Center, to be located on what is now a blighted, vacant lot in a largely residential neighborhood of New Bedford’s south end. This Center has been carefully designed to serve NorthStar and the community long-term, and to best serve young children with a range of developmental needs, informed by best practices.

More details:

  • A chef will make 2 home-cooked meals for the children every day in the new commercial kitchen, using fresh meats, vegetables, fruit, eggs and other products that the Center will receive free of charge from the nonprofit Round the Bend farm. The chef will introduce fruits and vegetables in a culturally appropriate way, to accustom the children to more healthy eating and reduce youth obesity.
  • Northstar will start collecting data through a mechanism called city span to assess the impact on children who started with early education. Each child that is sent to kindergarten will go with a plan.

MAP

Address: 1 Hayacinth Street, New Bedford, MA 2740

Census Tract: 25005652500

Other Massachusetts Projects

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
New five-story mixed-use transit-oriented building featuring 40 affordable apartment residences, 27,000 sq. ft. of office space and 4,577 sq. ft. of retail.
Due to the lack of further expansion options at the existing store, Vicente's opened a second 33,416 sq. ft. store in downtown Brockton at 160 Pleasant Street in a very
Financing for Cafe UTEC, a youth education and workforce training program located in Lowell, MA.