| Our Impact |
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Leveraging Investment in Our Urban Cores |
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A key element of AHF's mission is to utilize our work to leverage additional investment. Our projects are often the first of their kind or size in a district and send a reassuring message that the time is right for others to follow.
In Lawrence, Washington Mills Building No 1 was the first project to utilize the city's new Reviviendo Gateway zoning overlay district that allows for the reuse of former textile mills. We brought in the Banc of America CDC, the nation's largest bank-owned community development corporation, as our partner. The Bank of America then augmented their investment in Washington Mills by selecting Lawrence for their nationwide America-Block by BlockŪ program, which invests in and lends to community development efforts in select communities across the country. With Washington Mills as a demonstration project proving the market, several other national and regional developers have begun to look at projects in Lawrence.
In Lowell, Hamilton Crossing will be a large-scale commercial and residential redevelopment in the city's targeted JAM Area. AHF's early commitment to the rehabilitation of 165 Jackson Street enabled the City to proceed with building a structured parking garage on Jackson Street based on the anticipated demand of future residents. The garage will serve the tenants of Hamilton Crossing and also has created new retail space in the neighborhood. |
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