Nonprofits Seek to Add 437 Apartments at JP Housing Complex
By Steve Adams | Banker & Tradesman Staff | Sep 18, 2020 | Reprints | Unlock Link 
A nonprofit development team has unveiled its vision for transforming a portion of one of Boston’s public housing complexes into a mixed-income development, adding 437 apartments in seven new buildings.
Webster Board Member Resigns Over Potential Conflict
Sep 17, 2020 | Reprints | Unlock Link
A former senior adviser at American Express Co. has resigned from the Webster Bank board of directors just three months after joining, citing a potential regulatory conflict.
Fed Sees Rates Near Zero Through 2023
By The Associated Press | Sep 17, 2020 | Reprints | Unlock Link
With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer.
Roxbury Development Combines Timber Construction and Passive House Sustainability
By Steve Adams | Banker & Tradesman Staff | Sep 16, 2020 | Reprints | Unlock Link
A pending change in the state building code is prompting developers to embrace timber construction for new multifamily projects, including a new proposal for a 34-unit apartment building in Roxbury.
First Batch of College Reporting Shows 0.1 Percent Positivity Rate
The return of college students from around the world to the many campuses and college towns in Massachusetts has been the source of much concern in recent weeks.
Berkshire Ex-EVP Lands at MIT
A former top executive at Berkshire Bank who left in the wake of former CEO Richard Marotta’s sudden departure this summer has landed at MIT’s Sloane School of Management.
Mass. Jobless Rate Tumbles to 11.3 Percent
Massachusetts employers added 51,600 jobs in August as the statewide unemployment rate dropped nearly 5 percentage points, bucking a two-month trend of the Bay State bearing the highest jobless rate in the country.
Cafe and Shared Commercial Kitchen Coming to Sullivan Square
By Steve Adams | Banker & Tradesman Staff | Sep 18, 2020 | Reprints | Unlock Link
A husband-and-wife team that operates a commercial kitchen in Somerville’s Union Square will bring a restaurant and shared culinary workspace to the new Graphic Lofts development in Charlestown.
Mass. Active COVID Case Count Keeps Climbing
By State House News Service | Sep 17, 2020 | Reprints | Unlock Link
There are more than 300 more active cases of COVID-19 in Massachusetts this week than there were last week and the rate at which new cases are being diagnosed continues to outpace the rate at which people are recovering.
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