Eastern Bank Provides $15.5 Million Loan for Brockton Affordable Housing Redevelopment

Reuters

Jan 30

Eastern Bank Provides $15.5 Million Loan for Brockton Affordable Housing Redevelopment

Eastern Bankshares Inc. has provided a $15.5 million construction loan to Causeway Development for the transformation of a historic mill building at 142 Main Street in downtown Brockton. The project will create 30 mixed-income housing units, including 15 affordable units for residents earning up to 60% of the area median income and five units reserved for the Massachusetts Rental Voucher Program. Additionally, the development will feature three ground-level commercial spaces, one of which will be a community-oriented coffee shop. The financing combines Low-Income Housing and Historic Tax Credits, supporting both preservation and affordability initiatives in the community.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastern Bankshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260129097204) on January 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The project will create 30 mixed-income housing units, including 15 affordable units for residents earning up to 60% of the area median income and five units reserved for the Massachusetts Rental Voucher Program. Additionally, the development will feature three ground-level commercial spaces, one of which will be a community-oriented coffee shop. The financing combines Low-Income Housing and Historic Tax Credits, supporting both preservation and affordability initiatives in the community.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastern Bankshares Inc. published the original content used to generate this news brief via Business Wire (Ref. 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Eastern Bankshare","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","EBC":"Eastern Bankshares Inc"},"translate_title":"东方银行为布罗克顿经济适用房重建提供1550万美元贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBC":0.9},"content_text":"Eastern Bank Provides $15.5 Million Loan for Brockton Affordable Housing Redevelopment\n    \n\nEastern Bankshares Inc. has provided a $15.5 million construction loan to Causeway Development for the transformation of a historic mill building at 142 Main Street in downtown Brockton. The project will create 30 mixed-income housing units, including 15 affordable units for residents earning up to 60% of the area median income and five units reserved for the Massachusetts Rental Voucher Program. Additionally, the development will feature three ground-level commercial spaces, one of which will be a community-oriented coffee shop. 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