Boston Invests in Growth
Boston Invests in Growth is a loan pool for large commercial developments, designed to jumpstart well-financed construction projects, create jobs, and strengthen Boston's economy. The $69 million HUD Section 108 funded loan pool provides financing for the gap that remains between the financing and equity and the total project cost, known as mezzanine financing. In addition, the City of Boston has set aside a percentage of the loan pool for smaller neighborhood based projects of at least 5,000 square feet.