Amesbury, Lynn and Lowell


New housing units were needed in Amesbury, Lynn, and Lowell. But who had both the financing and real estate expertise to convert and construct buildings across northeastern Massachusetts? MassDevelopment partnered with Georgetown Bank, Saugusbank, and Washington Savings Bank to provide $5.5 million that proved instrumental in building 114 units in Amesbury, Lynn, and Lowell. Through a combination of building rehabilitation and construction, the projects brought both market-rate and affordable housing units to growing communities.