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Latest News in Massachusetts
On June 14, we celebrated the groundbreaking for a mixed-income community, North Square at The Mill District, in Amherst, Massachusetts. BCC loaned $3.5 million to help finance this nearly $50 million mixed-use, sustainably designed community. The project is designed to revitalize North Amherst by providing much-needed affordable housing, jobs, and a transit-friendly central location connecting to downtown Amherst and the UMass Amherst campus. The first building is set to open in summer 2019.
The U.S. Department of Treasury awarded $3.9 million in Capital Magnet Funds (CMF) to Boston Community Capital. The Department’s Community Development Financial Institutions (CDFI) Fund award supports BCC’s nationwide effort to protect and establish affordable housing through innovative and flexible loan capital programs.
Read NextStreet's interview with BCC CEO Elyse Cherry in "CDFI Leaders Thinking Ahead and Acting Now: Elyse Cherry, Boston Community Capital."
Sue O'Connell interviewed Elyse Cherry and SUN homeowner Wendell P. of Worcester on how SUN works for families facing foreclosure in Massachusetts.