Wash Cycle Laundry

Chelsea,
MA
(2018)

Wash Cycle Laundry

Business Development, Manufacturing

Financing for the fit-out, equipment, start-up operating deficit, and working capital necessary to operate a 10,000 sq. ft. commercial laundry business.

Investment

NMTC Amount: $2,570,000
Total Project Cost: $2,970,000

IMPACT

93 FTE jobs
10,000 sq. ft. of real estate

CDEs

MHIC

Investor

Chase

Project Description

A small NMTC loan fund financed the fit-out, equipment, start-up operating deficit, and working capital necessary to operate a 10,000 sq. ft. commercial laundry business.

MAP

Address: 22 Willow Street, Chelsea, MA 2150

Census Tract: 25025160101

Other Massachusetts Projects

One Gurney Street | Apartments at Roxbury Crossing

Boston,
MA
(2016)

Affordable Housing, Community, Housing, Mixed-use, Mixed-use and Commercial, Retail, Transit Oriented Development

CDE(s): Citibank

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.

Girls Incoporated

Lynn,
MA
(2007)

Community, Historic Rehabilitation, Mixed-use, Mixed-use and Commercial

CDE(s): MHIC

NMTC financing closed the feasibility gap to make possible the revitalization of the historic Old Lynn School and provide a new home and state-of-the-art facility for Girls Incorporated of Lynn.

Lawrence CommunityWorks

Lawrenceville,
MA
(2024)

Community, FQHCs, Grocery and Fresh Food, Healthcare, Retail, Retail and Commercial

CDE(s): Mascoma Community Development, Raza Development Fund

Lawrence CommunityWorks is set to transform this historic mill into a hub of activity and growth.

Northstar, New Bedford

New Bedford,
MA
(2023)

Daycare and Early Childhood

CDE(s): MHIC

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