UTEC, Lowell, MA

Lowell,
MA
(2023)

UTEC, Lowell, MA

Youth and Families

Investment

NMTC Amount: $4,500,000
Total Project Cost: $4,766,100

IMPACT

6 FTE jobs
96 construction jobs
2 jobs created and 4 jobs retained. UTEC expects to be able to create an additional 56 program slots annually equating to enrolling an additional 19 unique young adults in its Woodworking program annually.
28,500 sq. ft. of real estate

CDEs

MHIC

Investor

Capital One

Project Description

Project entails the renovation of a 2-story, ~28,500 sq. ft. commercial warehouse building located at 70-80 Church Street, Lowell, MA into a Woodworking Social Enterprise center for UTEC, Inc. (~12,800 sq. ft. on the 70 Church side of the building), and on the 80 Church Street side of the building: ~12,700 sq. ft. for UTEC’s office, classroom, training, and event space, and ~3,000 sq. ft. of ground floor retail space for a to-be-identified tenant.

MAP

Address: 70-80 Church Street, Lowell, MA 1852

Census Tract: 25017310101

Other Massachusetts Projects

The Greater Boston Food Bank

Cambridge,
MA
(2013)

Community, Energy, Shelters and Community Food, Solar

CDE(s): Bluehub

In 2010, BlueHub Capital financed the installation of solar panels on the roof of the Food Bank, allowing the organization to get green energy for a low, fixed rate and

Caring Health Center – Richard E. Neal Complex

Springfield,
MA
(2012)

Community, Dental Services, FQHCs, Healthcare, Historic Rehabilitation

CDE(s): Building America CDE, MHIC

The Caring Health Center project was the rehabilitation and adaptive reuse of three contiguous buildings in the Smith Carriage Company Historic District of Springfield, which improves healthcare in a medically

Lynn YMCA

Lynn,
MA
(2017)

Community, Daycare and Early Childhood, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families

CDE(s): Bluehub, Capital One, MassDevelopment, MHIC

The Lynn Y project comprises the land acquisition and new construction of 64,000 sq. ft. state of the art recreational facility in the city of Lynn, MA for the YMCA

Arts Block/Pushkin and Bank Row

Greenfield,
MA
(2009)

Adult Education, College or Vocational Training, Community, Historic Rehabilitation, Mixed-use, Restaurants and Catering, Retail and Commercial, Rural

CDE(s): MHIC

Arts Block/Pushkin and Bank Row are two projects involving the renovation of five historic, mostly vacant buildings, totaling nearly 40,000 sq. ft., clustered around the main intersection in downtown Greenfield.