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MHIC, LLC
70 Federal Street, 6th FloorBoston MA, 02110
CDFI Awards for MHIC, LLC
NMTC (2002) - $25,000,000
MHIC will utilize its NMTC allocation to provide low-interest loans to and equity investments in businesses engaged in: 1) the acquisition and development of commercial real estate; 2) construction contracting and property management; 3) community and economic development through the various business lines of community development corporations; 4) support of commercial tenants who wish to purchase and, if needed, renovate the buildings in which they operate; and 5) property acquisition and development of for-sale housing. MHIC believes the NMTC Program will allow it to subsidize interest rates to achieve sufficient debt service coverage to meet underwriting standards of previously difficult to finance projects.
Other Community Development Financial Institutions in Massachusetts
ACCION USA
Boston
AI Wainwright LLC
Boston
BCLF Ventures II, LLC
Boston
Institute for Community Economics
Springfield
Jobs for Fall River, Inc.
Fall River
Local Enterprise Assistance Fund
Brookline
MHIC, LLC
Boston
NOAH Community Development Fund, Inc.
East Boston
UECDF Corporation
Roxbury
WCHR Securities, Inc.
Worcester
YouthBuild Loan Fund
Somerville
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