MassDevelopment, Banks Uniting to Provide Commercial Loans
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| This artist’s rendering depicts the Fenway Community Health Center’s new headquarters, a project financed through the brand-new New Markets Tax Credit partnership between MassDevelopment, a quasi-state agency, and Sovereign Bank. |
By Amy Wyeth
The multipurpose organization MassDevelopment wears many hats in the real estate development world – and it’s helping another economic sector in the process, as its financing programs allow banks to make solid, substantial loans that otherwise wouldn’t have been possible.
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