Since1975 

• Provided below market-rate secondary financing for the rehabilitation and restoration of downtown buildings
• Collaborated with the City of Lowell to administer a $5 million UDAG used to lend to Wang Laboratories to establish its corporate headquarters in Lowell – repayments then funneled into commercial/neighborhood loan pools
• Administered preservation funds on behalf of the Lowell Historic Preservation Commission
• Administered $2.5 million UDAG used for the construction of the downtown hotel
• Administered $1.7 million UDAG used for the Wannalancit Mills project and adjacent parking garage
• Administered $5 million HoDAG for the renovation of Mass Mills
• Created a $15 million loan pool with twelve local banks to fund the renovation of the
• Elias Building and the North Canal Housing Development
• Provided down payment assistance loans in partnership with the Merrimack Valley Housing Partnership to over 550 first time home buyers
• Purchased and land banked the Bon Marche building for redevelopment
• Purchased Courier Building on behalf of the City as the site used for the
• Paul E. Tsongas Arena-now the Tsongas Center at UMass Lowell
• Furnished the City with a “letter of credit” in the amount of $750,000 to be used as collateral as fundraising efforts begin for furniture/fixtures/equipment for the Arena
• Entered into agreement with the City to administer the Economic Development Assistance Fund (Section 108 Loan Program)
• Received shares of Wang stock in lieu of mortgage release - sold shares for a total of $2.3 million which was added to LDFC’s commercial/neighborhood loan pools
• Created $24 million loan pool with nine local banks to fund the Reinvention and Replication of the Julian D. Steele Project-now known as River’s Edge on the Concord
• Administered $2 million Downtown Venture Loan Fund in partnership with the City, eight local lenders, and the Life Initiative Fund
• Administered $2.7 million Energy Loan Fund in partnership with the City and nine local lenders