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.
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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.
FOR IMMEDIATE RELEASE: December 19, 2016
Erin Bassler of the Worcester Telegram and Gazette spoke with Elyse Cherry and SUN homeowners Wendell and Patricia P. this week to discuss the ongoing foreclosure problem in Worcester. Wendell and Patricia came close to losing their home when their adjustible-rate mortgage raised their monthly mortgage payments to the point of unaffordability.