MassDevelopment’s Post

MassDevelopment has issued a $7,520,000 tax-exempt bond on behalf of Catalyst Housing LLC, an affiliate of Harborlight Homes and The Haven Project. The organizations will use bond proceeds to buy the upper floors of 57-65 Munroe St. in Lynn – a 12,983-square-foot condo within a historic commercial building – and renovate them to create 24 affordable, service-enriched studio apartments for formerly homeless young adults ages 18 to 24. All units will be rented to individuals earning up to 30% of the area median income ($31,150 for a one-person household). Catalyst Housing will be staffed by an on-site caseworker and The Haven Project will offer additional supportive services from its existing service center on the second floor of the building. Harborlight Homes created a for-profit affiliate, Catalyst Housing LLC, for the purposes of facilitating this tax-exempt financing. The tax-exempt bond, purchased by Eastern Bank, helped Catalyst Housing LLC achieve a lower cost of capital. bit.ly/4cTfcrk

Exciting to see that the new Viva Fall River Visitors Center & Shop is opening this week! Through our Transformative Development Initiative (TDI), we’ve been pleased to support this new storefront that aims to advance tourism, support local businesses, and foster pride in Fall River. bit.ly/3XvgzId

MassDevelopment is hiring a Vice President of Community Investment. Our Community Investment department develops and manages grant programs to foster economic growth in various sectors across the state, including childcare, arts and culture, real estate, business, entrepreneurship, and health care. The Vice President of Community Investment will report directly to the Senior Vice President and oversees one or more grant programs, starting with the Family Childcare Capital Grant (FCC Capital Grant) in FY25. This grant provides essential resources for capital improvements to home-based childcare centers statewide and is funded by the Department of Early Education and Care, marking a pioneering effort in Massachusetts. The VP will be instrumental in shaping the strategy and operations for the initial cohorts of this initiative, while also tracking key analytics and success stories to inform future programming. Learn more and apply: bit.ly/3KGjypS

MassDevelopment is seeking snow removal services on roadways, parking lots, pedestrian walkways, and more at the Jodrey State Fish Pier in Gloucester. Request for Quotes: bit.ly/4aHD6ol

MassDevelopment is seeking qualified general contractors for marine fender system repair services at the Jodrey State Fish Pier in Gloucester. Invitation for Bids: bit.ly/4aHD6ol

Big step forward for Site 9 in Pittsfield led by Mill Town Capital, an investment firm based in the Berkshires! MassDevelopment has been glad to help prime this property for redevelopment with investments from the Commonwealth’s Brownfields Redevelopment Fund and Site Readiness Program. bit.ly/3MfRJ8G

MassDevelopment has issued a $1,532,000 tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. in Chicopee. The new 4,500-square-foot building will provide a permanent home for the teen center, which currently operates in a leased space off campus, and will offer safe, structured programming for teens to learn life, social, and workforce-readiness skills. Construction began in March 2024 and is expected to be completed in October 2024. The tax-exempt bond, purchased by PB Partners, Inc., an affiliate of PeoplesBank, helped Boys & Girls Club of Chicopee achieve a lower cost of capital. bit.ly/3YWoW0u

MassDevelopment has issued a $6 million tax-exempt bond on behalf of Square One (Springfield Day Nursery), to help the organization buy a 1.53-acre parcel at 947 Main St. in Springfield where it will build a 26,000-square-foot early-education center. The new building will be situated at the site of the organization’s former long-time location that was destroyed by a tornado in 2011. It will feature four early learning classrooms – including one room for 24-hour care – workforce development programming for families, early childhood mental health services, family support programs, and administrative offices. Construction began in June 2024 and is expected to be completed in spring 2025. The tax-exempt bond, purchased by PB Partners, Inc., an affiliate of PeoplesBank, helped Square One achieve a lower cost of capital. The project is also being supported by funding from new market tax credits, state and city grant awards, and a capital campaign. bit.ly/4dUcyCf

MassDevelopment’s Devens Fire Department is hiring a Firefighter/EMT. Applicants with paramedic qualifications are preferred. Learn more and apply: bit.ly/3KGjypS

I scream, you scream for the reopening of King Kone’s soft serve ice cream shop in Pittsfield! Run by a worker co-op, this Transformative Development Initiative (TDI) Equity-supported business will later also feature a community art gallery and exhibition space next door. 🍦 bit.ly/3WJrZ9E