Eastern Bank Provides $15.5 Million Affordable Housing Construction Loan For Causeway Development

Core Insights - Eastern Bank has announced $15.5 million in construction financing for Causeway Development to convert a historic mill building in downtown Brockton [1] - The project will create 30 mixed-income housing units, including 10 market-rate units, 15 affordable units (up to 60% of the Area Median Income), and five Massachusetts Rental Voucher Program units (up to 30% AMI) [1] - Additionally, the development will feature three ground-level commercial spaces, including a community-oriented co-working space [1]