March 06, 2024
BROOKLINE, Mass. – MassDevelopment has issued a $39.9 million tax-exempt bond on behalf of 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, which will use proceeds to build 115 units of affordable housing for seniors and individuals with disabilities in Brookline’s Coolidge Corner neighborhood. Read More>
February 26, 2024
GLOUCESTER, Mass. – MassDevelopment has provided a $375,000 equipment loan, enhanced with an export guarantee, from the CARES Act Revolving Loan Fund to Fleet Machine Company Inc., an AS9100-certified advanced manufacturing company in Gloucester that specializes in precision machining for the aerospace and defense industries. Fleet Machine will use proceeds to acquire a new advanced machining cell from Haas Automation Inc. Read More>
February 15, 2024
LAWRENCE, Mass. – MassDevelopment has issued a $6,320,000 tax-exempt bond on behalf of Helfrich Brothers Boiler Works, Inc. Helfrich will use bond proceeds to buy and renovate a vacant 41,000-square-foot building at 43 Merrimack St. in Lawrence, located next to the company’s existing 100,000-square-foot headquarters, to create additional space for its advanced manufacturing business that includes a state-of-the-art robotic welding system. Read More>