Boston, Massachusetts

Boston, MA

As the largest city in New England, and one of its oldest, Boston has long been the region's economic and cultural hub. According to the 2007 American Community Survey, the city's population is 50% white, 25% African American, 16% Hispanic, and 9% Asian. People of Irish and Italian ancestry comprise about one quarter of the city (16% and 8% respectively), while people of West Indian ancestry are the third largest group with 6.4% of the city's population. Among the nation's 50 most populated cities, Boston ranks fifth in the percentage of adults identifying themselves as gay, lesbian, or bisexual (12.3%).

Boston, with an estimated 2011 population of 625,000, remains one of the twenty-five largest cities in the country. While lower than its peak population of 800,000 in 1950, Boston has been steadily growing since 1980. The Greater Boston region is also home to nearly 4.5 million people - the tenth-largest metropolitan area in the country.

Boston has had a history of being home to many firsts, including the United States' first college - Harvard College (1636) - and the first subway system. In 2007, Mayor Menino made Boston the first major city in the nation to require development projects to meet the LEED Silver Standard. As a result, the Department of Neighborhood Development has adopted new design standards that will require projects to adopt the Energy Star Standard in addition to LEED Silver, reducing maintenance costs and promoting sustainability in all new affordable housing construction.

Boston is also home to many community partnerships: one such joint venture is the Fairmount Line Collaborative. Bringing together the Mattapan CDC, Dorchester Bay EDC, Codman Square NDC and the Southwest Boston CDC, the Fairmount Line Collaborative is dedicated to advocating for transit equity and to develop a collective development strategy for land adjacent to the current Fairmount/Indigo MBTA line. The Collaborative has been successful in getting the State to appropriate $14 million to modernize the two stops - Morton Street Station and the Cummings Highway station - in the Mattapan neighborhood.

Partners for Jackson is another collaboration of community development corporations, non-profit groups and private developers, including Urban Edge CDC and Jamaica Plain Neighborhood Development Corporation, committed to creating a community-driven redevelopment plan for Jackson Square. Designated master developer by the Boston Redevelopment Authority Director Mark Malone, Partners for Jackson is utilizing Jackson Square's strategic placement to the Jackson Square MBTA station to create an 11.5-acre mixed-income, mixed-use, transit-oriented development community. Helping reconnect the Jamaica Plain and Roxbury neighborhoods, the plan includes 420 new homes (60% affordable), a new youth and family center, small and mid-scale retail space, and a new plaza and other pedestrian-friendly improvements

An overview of community wealth building efforts follows:

 

Community Development Corporations (CDCs)

Allston-Brighton Community Development Corporation

Formed in 1980, Allston-Brighton Community Development Corporation (ABCDC) leads neighborhood initiatives aimed at building affordable housing, creating green space, nurturing resident leadership, and improving economic self-sufficiency in the Allston-Brighton community of Boston. The group has been a state leader in individual development accounts, founding and leading the MIDAS (Massachusetts IDAs) Collaborative comprised of IDA programs across the state.  Since its founding, ABCDC has developed more than 500 units of affordable housing and helped nearly 1,600 people buy their first homes.

Asian Community Development Corporation

Established in 1988, the Asian Community Development Corporation was formed to address the lack of affordable housing options for Asian immigrants and other low-income families. With a focus on preserving and revitalizing Boston’s Chinatown community, the group has developed more than 400 affordable housing units.  It also offers homeownership workshops and one-on-one counseling in English, Mandarin, and Cantonese, and has a matched savings program to encourage first-time home ownership that provides a $1 match for every dollar saved.  Also focused on leadership development, the CDC runs a year-long leadership program for low-income youth from Boston and urban Asian American communities in the metropolitan area.

Codman Square Neighborhood Development Corporation

Codman Square Neighborhood Development Corporation aims to build a cohesive and resilient community in Codman Square and South Dorchester.  To do so, the CDC focuses on developing affordable housing and commercial spaces that are safe and sustainable and on promoting economic stability for low and moderate income residents.  Since its founding in the 1970s, the CDC has developed 1,400 housing units, including 500 within a ½ mile radius of the Fairmount Commuter Rail Line.  The CDC is considered a leader in promoting the creation of vibrant, transit-oriented urban villages where residents have access to public transportation, jobs, and supportive services.  To support area small businesses, in 2015 Codman Square launched its Dot Biz program, which, in its first year, provided 22 enterprises with the technical assistance needed to ensure long-term sustainability, job creation, and growth.

Dorchester Bay Economic Development Corporation

Founded in 1979 by local civic groups, Dorchester Bay Economic Development Corporation works to create economic development opportunities and construct affordable housing options for the diverse communities in Boston and Dorchester neighborhoods. To date, the group has developed more than 1,110 units of affordable housing, including two housing cooperatives.  The CDC has also developed 164,260 square feet of commercial space, which includes a $14.5 million shared kitchen space credited with creating 120 jobs. Its Economic Development Program has made more than 215 loans, creating or retaining more than 1,000 jobs.

Fenway Community Development Corporation

Established in 1973, Fenway Community Development Corporation focuses on ensuring Boston’s Fenway neighborhood is economically vibrant, culturally diverse, and holistically healthy.  Its work is guided by its Urban Village Plan, a resident-driven vision for the area developed in 1992 and updated several times (most recently in 2015) that includes 5 goals:  1) a sufficient and varied housing supply, 2) access to public transportation and reduced vehicle traffic, 3) community-building facilities, 4) a healthy business community with employment opportunities, and 5) open space and a responsible level of impact upon the environment.  The CDC’s programs are credited with developing over 600 affordable homes, preserving affordable housing through grassroots organizing, and providing a range of social services to over 1,000 resident a year.

Inquilinos Boricuas en Acción

Inquilinos Boricuas en Acción aims to empower people to improve their lives through high-quality affordable housing, arts programs, and education.  Catalyzed in 1968 by South End residents who fought to avoid displacement, the CDC now develops affordable housing and provides supportive programming focused on improving the knowledge, life skills, and health of the 818 residents living in its developments. Since its establishment, the CDC has created more than 1,000 affordable housing units and has helped create the only gallery in New England exclusively dedicated to promoting local, national, and international Latino artists.

Jamaica Plain Neighborhood Development Corporation

Founded in 1977, Jamaica Plain Neighborhood Development Corporation (JPNDC) aims to ensure low-income Jamaica Plain and adjacent neighborhood residents can access affordable homes, paths to prosperity, and real leadership.  Its work is credited with developing 630 affordable homes, securing over $11 million in financing to support over 80 local small businesses, and connecting more than 1,500 resident to jobs, education, and training.  In 2009, the nonprofit restored an empty, neglected brewery into The Brewery Small Business Complex, a project it now manages.  The Brewery currently houses 50 small businesses, half of which are owned by women or people of color, that employee about 500 people.  Revenues from the Brewery enable JPNDC to provide community programming free of charge.

Mattapan Community Development Corporation

Established in 1996, Mattapan Community Development Corporation (MCDC) is dedicated to improving the social and economic conditions of those who live in Mattapan. The CDC has recently undertaken an ambitious new plan to revitalized the neighborhood, beginning with the Morton Street Homes project – a new 4-story mix-use building within walking distance of the new Morton Street rail stop and featuring permanently affordable housing units. To date, it manages 24 affordable housing units. Read more about Mattapan Community Development Corporation...

Neighborhood of Affordable Housing (NOAH)

Serving East Boston since 1987, the Neighborhood of Affordable Housing (NOAH) started as a two-person organization operating from the basement of a church and has evolved into a multi-service non-profit credited with driving over $352 million of investments into the Greater Boston region.  To date, NOAH has developed or rehabilitated 382 units in 66 buildings, assisted over 650 families to purchase their first home, and redeveloped six school yards, a four and a half acre waterfront “Urban Wild” park, and a youth-run community garden.  The CDC now owns 265 affordable rental units and three commercial units in over 20 locations across the Boston region.

Nuestra Comunidad Development Corporation

Founded in 1981 by residents of the Dudley Neighborhood, Nuestra Comunidad Development Corporation works to build community wealth and enhance the physical, economic, and social well-being of Roxbury and other underserved areas in greater Boston by developing affordable housing, increasing local economic development, encouraging individual asset-building, and improving housing security and stability. To date, Nuestra Comunidad has developed nearly 800 units of affordable rental and 200 units of for-sale housing, trained over 2,000 people in homeownership, and helped more than 500 families purchase first homes.

Southwest Boston Community Development Corporation

Formed in 2001 by concerned residents, Southwest Boston Community Development Corporation aims to build and sustain a thriving, economically and racially diverse community in Hyde Park and Roslindale by preventing displacement, developing and preserving affordable housing, strengthening neighborhood commercial areas, fostering accessible transit and green space, and nurturing local leadership.  The CDC is currently developing the first new affordable housing project for families in Hyde Park in nearly 25 years, which will include 27 sustainably designed rental apartments, green space, an outdoor play area, and a community room.  To provide area youth with job skills and training while promoting environmental stewardship, the CDC established its Green Team program which has engaged over 125 youth since 2009.

Urban Edge CDC

Founded in the 1970s by the Ecumenical Social Action Committee to expand its homeownership counseling and housing rehabilitation work, Urban Edge is a minority-controlled and minority-led nonprofit community development organization aiming to develop and sustain stable, healthy and diverse communities in Jamaica Plain, Roxbury, and surrounding Boston neighborhoods.  To date, the CDC’s work is credited with developing or preserving nearly 1,500 units of affordable housing.  Valuing “green development,” Urban Edge has created green development standards that it follows to ensure its real estate projects create high-quality living environments, promote healthy lifestyles, and reduce their impact on environmental resources.  In 2016 alone, its homeownership workshops educated 863 people, 167 of whom became first time homeowners.  The CDC also provided tax preparation support to 628 families, returning $1.4 million to the local economy.

Community Development Financial Institutions (CDFIs)

Boston Community Capital

Founded in 1984, Boston Community Capital (BCC) is one of the most innovative and successful community development financial institutions in the nation.  To date, it has lent more than $1 billion and leveraged $6 billion in additional investment. Its investments are credited with preventing more than 800 foreclosure-related evictions, renovating 2 million square feet of real estate, building or preserving nearly 20,000 units of affordable housing, and creating 4,440 living-wage jobs.  BCC is also one of the largest solar providers to affordable housing in the country—its financing has helped to generate 26.5 million kilowatts of solar capacity, saving customers millions in energy costs.

Housing Partnership Network

Based in Boston, the Housing Partnership Network is a business alliance of the nation’s top performing nonprofit development organizations, allowing them to share the innovations from each organization’s local practices and leverage their resources more efficiently. One of its enterprises - the Housing Partnership Fund - is a CDFI-certified lending institution that has provided over $88.5 million in capital to 52 Network members.  Another enterprise, the Housing Partnership Insurance, is the first captive insurance company owned by and operated for nonprofit affordable housing organizations. The company insures more than 75,000 units valued at over $10.5 billion, and, since 2008, has returned $10.2 million in dividends to its owner-members.

Massachusetts Community Economic Development Assistance Corp.

Based in Boston, the Community Economic Development Assistance Corporation (CEDAC) is a quasi-public community development finance institution that provides financial resources and technical assistance to Massachusetts nonprofit community development organizations in support of affordable housing, workforce development, childcare, and education.  In 2016, it provided over $15 million in predevelopment, acquisition, and bridge lending to area nonprofits.  Since its establishment in 1978, CEDAC’s work is credited with stimulating the production or preservation of 45,000 housing units and producing more than 16,240 units of supportive housing.

Massachusetts Housing Investment Corporation

Founded in 1990 by a consortium of banks and other corporate investors, Massachusetts Housing Investment Corporation (MHIC) is non-profit, certified CDFI focused on financing affordable housing and community development across New England. To date, it has raised $2.5 billion from 139 institutional investors for its Low Income Housing Tax Credit program and has received 11 awards totaling $807 million for its New Markets Tax Credit program.  In 2014, MHIC partnered with the Conservation Law Foundation to launch the Healthy Neighborhoods Equity Fund, a $30 million fund aiming to support mixed-use, mixed-income projects that will positively transform neighborhoods, strengthen community and environmental health, and promote regional equity while providing returns to investors.

Community Land Trusts (CLTs)

Dudley Street Neighborhood Initiative

Dudley Street Neighborhood Initiative (DSNI), formed in 1984, is a community-based planning and organizing group in the low-income Dudley area of Roxbury, Boston, home to 24,000 residents. It has partnered with developers to create 300 new homes, a Town Common, gardens, urban agriculture, parks and playgrounds. An additional 300 housing units have been rehabilitated. Read more about Dudley Street Neighborhood Initiative...

Cooperatives (Co-ops)

Boston Community Cooperatives

Striving to build community through cooperative living, neighborhood improvement, and collective action, Boston Community Cooperatives acts as an umbrella organization to provide infrastructure to housing cooperatives. To date, the co-op owns one house – Seedpod, a 12-bedroom house near Field’s Corner in Boston – and is partnering with other housing cooperatives in Boston to expand to multiple houses. Read more about Boston Community Cooperatives...

Cambridge Cooperative Club

Founded in 1963, Cambridge Cooperative Club is a 10-person housing cooperative between Harvard and Porter Square in Cambridge – part of the Greater Boston area. They are dedicated to living ecologically sustainable lives, learning from each other, governing by consensus, and contributing to the local community. Read more about Cambridge Cooperative Club...

Harvest Co-op Markets

Founded in 1971, Harvest Co-op Markets is a member-owned cooperative with two stores and 4,000 member-owners in the greater Boston area. The co-op supports organic and sustainable agriculture, local farmers and food producers, and fair trade businesses. Unlike many co-ops that give a discount at the point of sale, Harvest returns a rebate based on any profit annually, enabling a more sustainable financial model for the co-op.

Employee Stock Ownership Plans (ESOPs)

Boston Common Asset Management

Formed in 2002, Boston Common Asset Management is a woman-led, employee-owned, certified B Corporation seeking sustainable, long-term capital appreciation through investments in high quality and socially responsibly enterprises.  Committed to sustainability, the firm offsets its annual carbon emissions by supporting sustainable reforestation in South America and runs a composting program credited with diverting more than 150 gallons of waste from the garbage stream.  The firm manages approximately $2.2 billion in assets and has 48 employee-owners.

Shawmut Design & Construction

Founded in 1982 by Jim Ansara and a handful of employees, Shawmut Design and Construction is now an entirely employee-owned national construction management firm with headquarters in Boston, seven additional offices across the country, and over 1,000 employee-owners.  In 2015, Shawmut’s revenues reached nearly $1.2 billion.  The firm has won 43 regional “Best Place to Work” awards, and in 2016, received the honor nationally when Fortune Magazine named the firm as one of the nation’s 100 Best Workplaces.

Green Economy

Boston Natural Areas Network

Founded in 1977, the Boston Natural Areas Network is dedicated to preserving and expanding urban open space – community gardens, urban wilds, and greenways – through community organizing and development, acquisition and ownership. As of 2006, the group had preserved 40 community gardens, has gained legal protection for 831 acres of urban wilds, and has helped create the Neponset River and East Boston Greenways. Read more about Boston Natural Areas Network...

Groundwork Somerville

Modeled after successful Groundwork organizations in the United Kingdom and an affiliate of Groundwork USA, a network of organizations established by the National Park Service, Groundwork Somerville is a community-based organization committed to “changing places and changing lives” through on-the-ground projects that transform local communities and empower residents.  The nonprofit runs a range of youth programs that provide environmental education, leadership development, and service opportunities, including its Green Team, a job program that enables area youth to develop tangible skills while working for positive social and environmental change.  Groundwork also runs Somerville’s first urban farm, which provides the healthy, fresh produce it donates to local food pantries and sells through its 8 mobile farmer’s markets.

Impact Investing

Walden Asset Managment

Founded in 1975, Walden provides portfolio management services to socially responsive investors.  To support healthy, inclusive communities, Walden offers clients an opportunity to invest in community development institutions, banks, and credit unions that support economic development and affordable housing.  It also partners with its clients to encourage portfolio companies to strengthen their corporate responsibility and accountability through shareholder engagement, which includes dialogue, shareholder resolutions, and proxy voting.  As of 2016, Walden had approximately $2.8 billion in assets under management.  Since 2004, Walden has been a division of Boston Trust & Investment Management Company, an employee-owned firm.

Local Food Systems

The Food Project

Striving to increase food security through creating sustainable, local food systems, The Food Project grows nearly a quarter-million pounds of organic food each year, which is then donated to area hunger relief organizations or sold through Community Supported Agriculture crop "shares" and at farmer markets in low-income neighborhoods.  Aiming to bring together youth and adults from diverse backgrounds to build a sustainable food system, the nonprofit engages over 120 teens and thousands of volunteers on an annual basis.  In Boston, The Food Project grows on plots in the city’s Dudley neighborhood and operates DSNI’s 10,000-square-foot greenhouse, which also functions as a community space and year-round learning center.

Social Enterprise

Boston Building Resources

Boston Building Resources (BBR) is a social enterprise focused on providing affordable solutions that help area residents create stronger communities while benefiting the environment.  The effort includes two components: 1) a consumer co-op (formerly called Boston Building Materials Co-op) that sells new home improvement materials and has a special focus on energy-saving, green products; and 2) a nonprofit Reuse Center, where people can donate new and gently used building materials for resale.  In 2016, BBR received donations from nearly 1,700 people, diverting materials valued at more than $2 million from local landfills.  Also focused on education, in 2016 BBR conducted 40 home improvement workshops.

Pine Street Inn’s iCater

Founded in 1969, Pine Street Inn provides homeless individuals with shelter, services, and the means to become self-sufficient.  The nonprofit serves more than 1,900 homeless individuals on a daily basis and over 9,000 annually.  Launched in 2000, iCater is Pine Street’s social enterprise aiming to provide training opportunities to Pine Street clients while generating revenues for its job training programs, which support about 140 people transitioning from homelessness to self-sufficiency a year.

State & Local Investments

Create Boston

Believing that creativity is the core of Boston’s economic vitality and key to its economic growth, Create Boston focuses on helping expand the local sector of creative industries – music, film, design, media, and crafts. As a subsidiary of the Boston Redevelopment Authority, Create Boston provides local businesses with what they need to succeed – a connection to training programs, low-interest cash for capital improvements, or even a curb cut or loading zone. Read more about Create Boston...

Mass Ventures

Based in Boston, Mass Ventures is a quasi-public venture capital firm aiming to grow Massachusetts’ innovation economy by funding early-stage, high-growth startups transitioning from concept to commercialization.  Since its establishment in 1978, Mass Ventures-supported companies have raised more than $1 billion in additional capital, creating jobs for over 7,500 Massachusetts residents and generating an estimated annual payroll of $229 million.

Massachusetts Association of Community Development Corporations

Based in Boston, the Massachusetts Association of Community Development Corporations (MACDC) is a statewide association of mission-driven community development organizations focused on building and sustaining a high performing and adaptive community development sector.  MACDC members all work towards numeric, collective goals, which MACDC measures on a yearly basis and reports on in an annual report quantifying its members’ achievements.  Since its founding in 1982, MACDC members have developed over 25,000 homes and attracted several billion dollars in investments to low and moderate income communities.  In 2016 alone, its members built or preserved 1,643 homes, created or retained 5,285 jobs, and helped local entrepreneurs secure more than $44.1 million in financing.

University & Community Partnerships

Jonathan M. Tisch College of Citizenship and Public Service

Based on Tufts Medford/Somerville campus, Jonathan M. Tisch College of Citizenship and Public Service supports faculty research in the area of civic engagement, partners to help the needs of local non-profits, and is active promoting stronger, healthier, and safer communities within the Medford, Somerville, Boston’s Chinatown and Graton neighborhoods. Providing a supplementary education to students at Tuft’s seven schools, Tisch College engages student through many different civic programs and projects. Read more about Jonathan M. Tisch College of Citizenship and Public Service...

MIT@Lawrence

Promoting civic engagement and partnerships between the students, faculty, and staff of MIT@Lawrence and Lawrence community residents and organizations, MIT@Lawrence promotes locally-led collective asset-building projects and research in three areas: affordable housing production; asset building as a economic and community development strategy; and youth pathways to education, careers, and community. Read more about MIT@Lawrence...

University of Massachusetts, Boston, College of Public and Community Service

Founded in 1972 to extend the University’s land grant mission by focusing on public and community service in urban areas and providing a liberal arts education with training for professional careers, the College of Public and Community Service includes programs that provide opportunities for field work and work experience. Read more about University of Massachusetts, Boston, College of Public and Community Service...

Community Development Corporations (CDCs)

Allston-Brighton Community Development Corporation

Formed in 1980, Allston-Brighton Community Development Corporation (ABCDC) leads neighborhood initiatives aimed at building affordable housing, creating green space, nurturing resident leadership, and improving economic self-sufficiency in the Allston-Brighton community of Boston. The group has been a state leader in individual development accounts, founding and leading the MIDAS (Massachusetts IDAs) Collaborative comprised of IDA programs across the state.  Since its founding, ABCDC has developed more than 500 units of affordable housing and helped nearly 1,600 people buy their first homes.

Asian Community Development Corporation

Established in 1988, the Asian Community Development Corporation was formed to address the lack of affordable housing options for Asian immigrants and other low-income families. With a focus on preserving and revitalizing Boston’s Chinatown community, the group has developed more than 400 affordable housing units.  It also offers homeownership workshops and one-on-one counseling in English, Mandarin, and Cantonese, and has a matched savings program to encourage first-time home ownership that provides a $1 match for every dollar saved.  Also focused on leadership development, the CDC runs a year-long leadership program for low-income youth from Boston and urban Asian American communities in the metropolitan area.

Codman Square Neighborhood Development Corporation

Codman Square Neighborhood Development Corporation aims to build a cohesive and resilient community in Codman Square and South Dorchester.  To do so, the CDC focuses on developing affordable housing and commercial spaces that are safe and sustainable and on promoting economic stability for low and moderate income residents.  Since its founding in the 1970s, the CDC has developed 1,400 housing units, including 500 within a ½ mile radius of the Fairmount Commuter Rail Line.  The CDC is considered a leader in promoting the creation of vibrant, transit-oriented urban villages where residents have access to public transportation, jobs, and supportive services.  To support area small businesses, in 2015 Codman Square launched its Dot Biz program, which, in its first year, provided 22 enterprises with the technical assistance needed to ensure long-term sustainability, job creation, and growth.

Dorchester Bay Economic Development Corporation

Founded in 1979 by local civic groups, Dorchester Bay Economic Development Corporation works to create economic development opportunities and construct affordable housing options for the diverse communities in Boston and Dorchester neighborhoods. To date, the group has developed more than 1,110 units of affordable housing, including two housing cooperatives.  The CDC has also developed 164,260 square feet of commercial space, which includes a $14.5 million shared kitchen space credited with creating 120 jobs. Its Economic Development Program has made more than 215 loans, creating or retaining more than 1,000 jobs.

Fenway Community Development Corporation

Established in 1973, Fenway Community Development Corporation focuses on ensuring Boston’s Fenway neighborhood is economically vibrant, culturally diverse, and holistically healthy.  Its work is guided by its Urban Village Plan, a resident-driven vision for the area developed in 1992 and updated several times (most recently in 2015) that includes 5 goals:  1) a sufficient and varied housing supply, 2) access to public transportation and reduced vehicle traffic, 3) community-building facilities, 4) a healthy business community with employment opportunities, and 5) open space and a responsible level of impact upon the environment.  The CDC’s programs are credited with developing over 600 affordable homes, preserving affordable housing through grassroots organizing, and providing a range of social services to over 1,000 resident a year.

Inquilinos Boricuas en Acción

Inquilinos Boricuas en Acción aims to empower people to improve their lives through high-quality affordable housing, arts programs, and education.  Catalyzed in 1968 by South End residents who fought to avoid displacement, the CDC now develops affordable housing and provides supportive programming focused on improving the knowledge, life skills, and health of the 818 residents living in its developments. Since its establishment, the CDC has created more than 1,000 affordable housing units and has helped create the only gallery in New England exclusively dedicated to promoting local, national, and international Latino artists.

Jamaica Plain Neighborhood Development Corporation

Founded in 1977, Jamaica Plain Neighborhood Development Corporation (JPNDC) aims to ensure low-income Jamaica Plain and adjacent neighborhood residents can access affordable homes, paths to prosperity, and real leadership.  Its work is credited with developing 630 affordable homes, securing over $11 million in financing to support over 80 local small businesses, and connecting more than 1,500 resident to jobs, education, and training.  In 2009, the nonprofit restored an empty, neglected brewery into The Brewery Small Business Complex, a project it now manages.  The Brewery currently houses 50 small businesses, half of which are owned by women or people of color, that employee about 500 people.  Revenues from the Brewery enable JPNDC to provide community programming free of charge.

Mattapan Community Development Corporation

Established in 1996, Mattapan Community Development Corporation (MCDC) is dedicated to improving the social and economic conditions of those who live in Mattapan. The CDC has recently undertaken an ambitious new plan to revitalized the neighborhood, beginning with the Morton Street Homes project – a new 4-story mix-use building within walking distance of the new Morton Street rail stop and featuring permanently affordable housing units. To date, it manages 24 affordable housing units. Read more about Mattapan Community Development Corporation...

Neighborhood of Affordable Housing (NOAH)

Serving East Boston since 1987, the Neighborhood of Affordable Housing (NOAH) started as a two-person organization operating from the basement of a church and has evolved into a multi-service non-profit credited with driving over $352 million of investments into the Greater Boston region.  To date, NOAH has developed or rehabilitated 382 units in 66 buildings, assisted over 650 families to purchase their first home, and redeveloped six school yards, a four and a half acre waterfront “Urban Wild” park, and a youth-run community garden.  The CDC now owns 265 affordable rental units and three commercial units in over 20 locations across the Boston region.

Nuestra Comunidad Development Corporation

Founded in 1981 by residents of the Dudley Neighborhood, Nuestra Comunidad Development Corporation works to build community wealth and enhance the physical, economic, and social well-being of Roxbury and other underserved areas in greater Boston by developing affordable housing, increasing local economic development, encouraging individual asset-building, and improving housing security and stability. To date, Nuestra Comunidad has developed nearly 800 units of affordable rental and 200 units of for-sale housing, trained over 2,000 people in homeownership, and helped more than 500 families purchase first homes.

Southwest Boston Community Development Corporation

Formed in 2001 by concerned residents, Southwest Boston Community Development Corporation aims to build and sustain a thriving, economically and racially diverse community in Hyde Park and Roslindale by preventing displacement, developing and preserving affordable housing, strengthening neighborhood commercial areas, fostering accessible transit and green space, and nurturing local leadership.  The CDC is currently developing the first new affordable housing project for families in Hyde Park in nearly 25 years, which will include 27 sustainably designed rental apartments, green space, an outdoor play area, and a community room.  To provide area youth with job skills and training while promoting environmental stewardship, the CDC established its Green Team program which has engaged over 125 youth since 2009.

Urban Edge CDC

Founded in the 1970s by the Ecumenical Social Action Committee to expand its homeownership counseling and housing rehabilitation work, Urban Edge is a minority-controlled and minority-led nonprofit community development organization aiming to develop and sustain stable, healthy and diverse communities in Jamaica Plain, Roxbury, and surrounding Boston neighborhoods.  To date, the CDC’s work is credited with developing or preserving nearly 1,500 units of affordable housing.  Valuing “green development,” Urban Edge has created green development standards that it follows to ensure its real estate projects create high-quality living environments, promote healthy lifestyles, and reduce their impact on environmental resources.  In 2016 alone, its homeownership workshops educated 863 people, 167 of whom became first time homeowners.  The CDC also provided tax preparation support to 628 families, returning $1.4 million to the local economy.

Social Enterprise

Boston Building Resources

Boston Building Resources (BBR) is a social enterprise focused on providing affordable solutions that help area residents create stronger communities while benefiting the environment.  The effort includes two components: 1) a consumer co-op (formerly called Boston Building Materials Co-op) that sells new home improvement materials and has a special focus on energy-saving, green products; and 2) a nonprofit Reuse Center, where people can donate new and gently used building materials for resale.  In 2016, BBR received donations from nearly 1,700 people, diverting materials valued at more than $2 million from local landfills.  Also focused on education, in 2016 BBR conducted 40 home improvement workshops.

Pine Street Inn’s iCater

Founded in 1969, Pine Street Inn provides homeless individuals with shelter, services, and the means to become self-sufficient.  The nonprofit serves more than 1,900 homeless individuals on a daily basis and over 9,000 annually.  Launched in 2000, iCater is Pine Street’s social enterprise aiming to provide training opportunities to Pine Street clients while generating revenues for its job training programs, which support about 140 people transitioning from homelessness to self-sufficiency a year.

Employee Stock Ownership Plans (ESOPs)

Boston Common Asset Management

Formed in 2002, Boston Common Asset Management is a woman-led, employee-owned, certified B Corporation seeking sustainable, long-term capital appreciation through investments in high quality and socially responsibly enterprises.  Committed to sustainability, the firm offsets its annual carbon emissions by supporting sustainable reforestation in South America and runs a composting program credited with diverting more than 150 gallons of waste from the garbage stream.  The firm manages approximately $2.2 billion in assets and has 48 employee-owners.

Shawmut Design & Construction

Founded in 1982 by Jim Ansara and a handful of employees, Shawmut Design and Construction is now an entirely employee-owned national construction management firm with headquarters in Boston, seven additional offices across the country, and over 1,000 employee-owners.  In 2015, Shawmut’s revenues reached nearly $1.2 billion.  The firm has won 43 regional “Best Place to Work” awards, and in 2016, received the honor nationally when Fortune Magazine named the firm as one of the nation’s 100 Best Workplaces.

Community Development Financial Institutions (CDFIs)

Boston Community Capital

Founded in 1984, Boston Community Capital (BCC) is one of the most innovative and successful community development financial institutions in the nation.  To date, it has lent more than $1 billion and leveraged $6 billion in additional investment. Its investments are credited with preventing more than 800 foreclosure-related evictions, renovating 2 million square feet of real estate, building or preserving nearly 20,000 units of affordable housing, and creating 4,440 living-wage jobs.  BCC is also one of the largest solar providers to affordable housing in the country—its financing has helped to generate 26.5 million kilowatts of solar capacity, saving customers millions in energy costs.

Housing Partnership Network

Based in Boston, the Housing Partnership Network is a business alliance of the nation’s top performing nonprofit development organizations, allowing them to share the innovations from each organization’s local practices and leverage their resources more efficiently. One of its enterprises - the Housing Partnership Fund - is a CDFI-certified lending institution that has provided over $88.5 million in capital to 52 Network members.  Another enterprise, the Housing Partnership Insurance, is the first captive insurance company owned by and operated for nonprofit affordable housing organizations. The company insures more than 75,000 units valued at over $10.5 billion, and, since 2008, has returned $10.2 million in dividends to its owner-members.

Massachusetts Community Economic Development Assistance Corp.

Based in Boston, the Community Economic Development Assistance Corporation (CEDAC) is a quasi-public community development finance institution that provides financial resources and technical assistance to Massachusetts nonprofit community development organizations in support of affordable housing, workforce development, childcare, and education.  In 2016, it provided over $15 million in predevelopment, acquisition, and bridge lending to area nonprofits.  Since its establishment in 1978, CEDAC’s work is credited with stimulating the production or preservation of 45,000 housing units and producing more than 16,240 units of supportive housing.

Massachusetts Housing Investment Corporation

Founded in 1990 by a consortium of banks and other corporate investors, Massachusetts Housing Investment Corporation (MHIC) is non-profit, certified CDFI focused on financing affordable housing and community development across New England. To date, it has raised $2.5 billion from 139 institutional investors for its Low Income Housing Tax Credit program and has received 11 awards totaling $807 million for its New Markets Tax Credit program.  In 2014, MHIC partnered with the Conservation Law Foundation to launch the Healthy Neighborhoods Equity Fund, a $30 million fund aiming to support mixed-use, mixed-income projects that will positively transform neighborhoods, strengthen community and environmental health, and promote regional equity while providing returns to investors.

Cooperatives (Co-ops)

Boston Community Cooperatives

Striving to build community through cooperative living, neighborhood improvement, and collective action, Boston Community Cooperatives acts as an umbrella organization to provide infrastructure to housing cooperatives. To date, the co-op owns one house – Seedpod, a 12-bedroom house near Field’s Corner in Boston – and is partnering with other housing cooperatives in Boston to expand to multiple houses. Read more about Boston Community Cooperatives...

Cambridge Cooperative Club

Founded in 1963, Cambridge Cooperative Club is a 10-person housing cooperative between Harvard and Porter Square in Cambridge – part of the Greater Boston area. They are dedicated to living ecologically sustainable lives, learning from each other, governing by consensus, and contributing to the local community. Read more about Cambridge Cooperative Club...

Harvest Co-op Markets

Founded in 1971, Harvest Co-op Markets is a member-owned cooperative with two stores and 4,000 member-owners in the greater Boston area. The co-op supports organic and sustainable agriculture, local farmers and food producers, and fair trade businesses. Unlike many co-ops that give a discount at the point of sale, Harvest returns a rebate based on any profit annually, enabling a more sustainable financial model for the co-op.

Green Economy

Boston Natural Areas Network

Founded in 1977, the Boston Natural Areas Network is dedicated to preserving and expanding urban open space – community gardens, urban wilds, and greenways – through community organizing and development, acquisition and ownership. As of 2006, the group had preserved 40 community gardens, has gained legal protection for 831 acres of urban wilds, and has helped create the Neponset River and East Boston Greenways. Read more about Boston Natural Areas Network...

Groundwork Somerville

Modeled after successful Groundwork organizations in the United Kingdom and an affiliate of Groundwork USA, a network of organizations established by the National Park Service, Groundwork Somerville is a community-based organization committed to “changing places and changing lives” through on-the-ground projects that transform local communities and empower residents.  The nonprofit runs a range of youth programs that provide environmental education, leadership development, and service opportunities, including its Green Team, a job program that enables area youth to develop tangible skills while working for positive social and environmental change.  Groundwork also runs Somerville’s first urban farm, which provides the healthy, fresh produce it donates to local food pantries and sells through its 8 mobile farmer’s markets.

State & Local Investments

Create Boston

Believing that creativity is the core of Boston’s economic vitality and key to its economic growth, Create Boston focuses on helping expand the local sector of creative industries – music, film, design, media, and crafts. As a subsidiary of the Boston Redevelopment Authority, Create Boston provides local businesses with what they need to succeed – a connection to training programs, low-interest cash for capital improvements, or even a curb cut or loading zone. Read more about Create Boston...

Mass Ventures

Based in Boston, Mass Ventures is a quasi-public venture capital firm aiming to grow Massachusetts’ innovation economy by funding early-stage, high-growth startups transitioning from concept to commercialization.  Since its establishment in 1978, Mass Ventures-supported companies have raised more than $1 billion in additional capital, creating jobs for over 7,500 Massachusetts residents and generating an estimated annual payroll of $229 million.

Massachusetts Association of Community Development Corporations

Based in Boston, the Massachusetts Association of Community Development Corporations (MACDC) is a statewide association of mission-driven community development organizations focused on building and sustaining a high performing and adaptive community development sector.  MACDC members all work towards numeric, collective goals, which MACDC measures on a yearly basis and reports on in an annual report quantifying its members’ achievements.  Since its founding in 1982, MACDC members have developed over 25,000 homes and attracted several billion dollars in investments to low and moderate income communities.  In 2016 alone, its members built or preserved 1,643 homes, created or retained 5,285 jobs, and helped local entrepreneurs secure more than $44.1 million in financing.

Community Land Trusts (CLTs)

Dudley Street Neighborhood Initiative

Dudley Street Neighborhood Initiative (DSNI), formed in 1984, is a community-based planning and organizing group in the low-income Dudley area of Roxbury, Boston, home to 24,000 residents. It has partnered with developers to create 300 new homes, a Town Common, gardens, urban agriculture, parks and playgrounds. An additional 300 housing units have been rehabilitated. Read more about Dudley Street Neighborhood Initiative...

University & Community Partnerships

Jonathan M. Tisch College of Citizenship and Public Service

Based on Tufts Medford/Somerville campus, Jonathan M. Tisch College of Citizenship and Public Service supports faculty research in the area of civic engagement, partners to help the needs of local non-profits, and is active promoting stronger, healthier, and safer communities within the Medford, Somerville, Boston’s Chinatown and Graton neighborhoods. Providing a supplementary education to students at Tuft’s seven schools, Tisch College engages student through many different civic programs and projects. Read more about Jonathan M. Tisch College of Citizenship and Public Service...

MIT@Lawrence

Promoting civic engagement and partnerships between the students, faculty, and staff of MIT@Lawrence and Lawrence community residents and organizations, MIT@Lawrence promotes locally-led collective asset-building projects and research in three areas: affordable housing production; asset building as a economic and community development strategy; and youth pathways to education, careers, and community. Read more about MIT@Lawrence...

University of Massachusetts, Boston, College of Public and Community Service

Founded in 1972 to extend the University’s land grant mission by focusing on public and community service in urban areas and providing a liberal arts education with training for professional careers, the College of Public and Community Service includes programs that provide opportunities for field work and work experience. Read more about University of Massachusetts, Boston, College of Public and Community Service...

Local Food Systems

The Food Project

Striving to increase food security through creating sustainable, local food systems, The Food Project grows nearly a quarter-million pounds of organic food each year, which is then donated to area hunger relief organizations or sold through Community Supported Agriculture crop "shares" and at farmer markets in low-income neighborhoods.  Aiming to bring together youth and adults from diverse backgrounds to build a sustainable food system, the nonprofit engages over 120 teens and thousands of volunteers on an annual basis.  In Boston, The Food Project grows on plots in the city’s Dudley neighborhood and operates DSNI’s 10,000-square-foot greenhouse, which also functions as a community space and year-round learning center.

Impact Investing

Walden Asset Managment

Founded in 1975, Walden provides portfolio management services to socially responsive investors.  To support healthy, inclusive communities, Walden offers clients an opportunity to invest in community development institutions, banks, and credit unions that support economic development and affordable housing.  It also partners with its clients to encourage portfolio companies to strengthen their corporate responsibility and accountability through shareholder engagement, which includes dialogue, shareholder resolutions, and proxy voting.  As of 2016, Walden had approximately $2.8 billion in assets under management.  Since 2004, Walden has been a division of Boston Trust & Investment Management Company, an employee-owned firm.