From predevelopment to construction to fit-up, MassDevelopment can provide financing for real estate projects at every stage.
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MassDevelopment provided a $6.5 million loan to Petronelli LLC, an affiliate of Concord Square Planning & Development, Inc., allowing the transformation of Downtown Brockton’s Petronelli Building into 18 units of market-rate rental housing. Real estate projects like the redevelopment of 28 Petronelli Way have also been enabled in part by investments in downtown Brockton through MassDevelopment’s Transformative Development Initiative (TDI) program.
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MassDevelopment issued a $15.8 million tax-exempt bond on behalf of Dudley Crossing LLC, an affiliate of Nuestra Comunidad Development Corporation, for the construction and preservation of 47 units of affordable housing across three locations near Nubian Square in Boston’s Roxbury neighborhood. Major investments like this are bringing new opportunities to the community.
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MassDevelopment awarded $80,500 from the Brownfields Redevelopment Fund to North Shore Community Development Coalition, Inc. (North Shore CDC) to perform environmental site assessments on four parcels in the Point neighborhood in Salem. North Shore CDC also collaborated with North Shore Community Health (NSCH) to build the South River Revitalization Project at the site, which included a 50-unit affordable senior housing facility and nonprofit center featuring a state-of-the-art health center, consolidated NSCH administrative offices, and other office space for area nonprofits.
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Learn how our extensive real estate experience can help you with your next project.
Planning & Development
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Site Readiness
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Property Assessed Clean Energy (PACE)
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Transformative Development Initiative (TDI)
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