WE SEE MONEY DIFFERENTLY

Boston Community Capital / 2015 Annual Report

 When you
see money
Forget every idea
you have about money.

What it means.

from a fresh
Who should have it.
How much is enough.

Think about what

perspective
money can do.
What money can change.
What money can become.

you can change

the world.

1
 To our Partners
In 2015, Boston Community
Capital celebrated our 30th
anniversary. We asked you,
our partners, to help envision
what we could accomplish
together over the next 30
years. Your visions, hopes and
dreamspeppered through-
out this reportinspire us,
and help chart our course for
the future.
3 4
Together, we have accomplished much in these past three
decades. We are proud to have invested over $1 billion in
communities where low-income people live and work,
investments that have leveraged an additional $6 billion in
public and private investment in underserved communities.
We have influenced national policy; we have attracted
investment from mainstream financial institutions while
helping build a burgeoning interest in impact investment;
and we have helped transform communities. We are a
national model for community development finance, and
our various business lines are now all fully operational and
working to grow to scale.
But anniversaries are not just a time to reflect on the past.
They are also an opportunity to think about the future, to
assess strengths and challenges, and to chart a course
that will assure that our next thirty years will be as produc-
tive as our last.
As we consider the future and reflect on the world around
us, we recognize how far we still have to go to fulfill our
vision of social justice and economic opportunity. We note
that the country is at an inflection pointthat the chal-
lenges of income inequality, the consequences of mass
incarceration particularly in urban communities of color,
and our failure to invest in infrastructurewitness that
Flint, MI cannot even provide a source of clean waterhave
generated an anger that is roiling our elections and poi-
soning our national conversation.
Elyse D. Cherry DeWitt Jones
As we think about what success looks like over the next
30 years, we know that if we are to remain relevant to the
changing world around us, the innovative and entrepre-
neurial spirit that has fueled BCCs success for our first
30 years must continue to be our driving force.
We must not fall prey to the risks of mature organizations
the tendency to revert to the mean, to play it safe, to
husband resources. Instead, we need to consistently
remain on our own cutting edge, to focus closely on the
changing and complex needs of the low-income families
and communities we serve, and to navigate changing
sources of public and private capital in order to continue
to grow in scale and relevance. In short, we must remain
innovative because that is the only way we will continue
to remain effective in the changing world around us.
We know we cannot do this work alone. We are buoyed
every day by the power of our partners who have come
together over three decades, across economic, cultural
and sometimes philosophical divides, to work toward a
shared vision of what we want for the world. With you, we
can continue to build resiliency and opportunity in all of
our communities.
Thank you for joining us on this journey.
Michelle Volpe
 The mission
never changes.
The method
often does.

5
Homelessness
whats that?
#BCCNext30Years

8
 Senior citizens
+ mobile homes
+ a floodplain
+ a hurricane
= disaster.
Or opportunity.
WHEN SPRUCES MOBILE HOME PARK FELL TO THE OVERFLOWING HOOSIC RIVER DURING
HURRICANE IRENE, A TRUE PUBLIC, PRIVATE AND NON-PROFIT PARTNERSHIP BUILT A PERMANENT
ANSWER FOR THE SUDDENLY HOMELESS ELDERS: HIGHLAND WOODS.

LEARN MORE ABOUT OUR LOAN

TO HIGHLAND WOODS:
bostoncommunitycapital.org/
highland_woods

9
 Everyone has access to
fresh, affordable food.
#BCCNext30Years

11 12
A new business
model for food
industry workers.
Plus great pizza.
HALEY HOUSEWHERE ALL THE TRIBES ARE WELCOME. AND ALL THE GIFTS ARE SHARED. WHERE LOVE IS
THE QUESTION AND THE ANSWER, THE SUSTAINABLE ENERGY WE CAN ALL SHARE.

MEL KING

LEARN MORE ABOUT OUR LOAN

TO HALEY HOUSE:
bostoncommunitycapital.org/haley_house

14
 Housing foreclosures are no
longer grabbing headlines.
Yet in communities across the
country, people are still in
danger of losing their homes
a danger made more poignant
by a shame and isolation that
didnt exist when the foreclosure
crisis was on everyones mind.
Fortunately, there are solutions.
When you see money from
a fresh perspective, you can
bring everyone along.
15
These days, you may need to look carefully to notice the Designate entire neighborhoods and communities as
problem. That is because in many affluent communities, being underwaterand within those, allow owner-
the housing market has rebounded to pre-bubble prices; occupants to receive fully refundable tax credit for the
in some places, it even exceeds them. But in low- and cost of home repairs.
moderate-income communities across the country, 6.3
Automatically forgive the difference between selling price
million homeowners are still underwater. They struggle to
and outstanding mortgage, so that underwater owner-
make payments on mortgages they cannot affordyet
are tethered to homes they cannot afford to sell.
occupants are free to sell without an adverse impact on
their credit scores.
With foreclosures out of the limelight, families who once Enable homeowners who work to get out from under
understood themselves to be part of a larger cohort now their underwater mortgages to repair their credit scores
feel left behind, alone. Meanwhile, aid of all kinds appears quickly.
to be evaporating.
These solutions require government intervention and the
cooperation of mainstream financial institutions. Meanwhile,
Federal programs to assist struggling homeowners are
wrapping up. Banks and loan servicers are less willing to
BCCs SUN Initiative continues to work on multiple fronts
to address foreclosure. We partner with housing counselors,
offer modifications, and when they do, those modifications
are less likely to include principal reduction and more
municipalities, community organizations, public advocates
and other groups to identify new ways to reach struggling
likely to feature balloon payments and longer terms.
homeowners. We work directly with individual homeowners
Philanthropic and public resources to support foreclosure
relief efforts have diminisheddisappeared or reallocated
who are facing foreclosure and enable them to stay in their
homes. We have invested over $100 million in 5 statesand
to other initiatives.
we continue to expand our reach.
And housing counseling organizationsthe unsung heroes
Our methods have raised interest as far away as Japan;
of the foreclosure crisisnow often struggle to find financial
last fall, NHK, the Japanese public broadcasting network,
support for their services which are so vital to helping home-
sent a crew to Boston to learn about SUN and Boston
owners navigate the process and figure out their next steps.
Community Loan Fund, and this spring we hosted a visit
from the Japanese Ministry of Finance. We need to ensure
Whats to be done? In both a New York Times Op Ed and a
that American interest in addressing foreclosures remains
Letter to the Editor, BCC Chief Executive Officer Elyse
strong tooand that low-and middle-income homeowners
Cherry outlined some strategies we should adopt at a
arent left behind through our continuing housing crisis.
national level:
Encourage financial institutions to recognize their losses
and write down the value of their mortgages to current
market levels.
Extend tax relief for homeowners who receive reductions,
so that write-downs arent taxed as income.
16
 75% of SUN
borrowers plan
to stay in their
homes for the
long-term.
THE SUN LOAN ALLOWED US TO KEEP OUR HOUSE, OUR HOME AND PROBABLY SAVED
OUR MARRIAGE. WE ARE SO GRATEFUL FOR THE SECOND CHANCE SUN GAVE US.

SUN HOMEOWNER, FITCHBURG, MA

LEARN MORE ABOUT THE LEARN MORE ABOUT SUNS WORK:

CONTINUING HOUSING CRISIS: bostoncommunitycapital.org/
Read the New York Times op-ed piece foreclosure-relief
Where the Housing Crisis Continues
at nyti.ms/1QJSAMF and the New York
Times letter to the editor Worthy Tax
Breaks for Housing and Clean Energy
at nyti.ms/1pipw4O.

17
No neighborhood
is decimated by
foreclosures.
#BCCNext30Years

20
With a roof like
that, how do you
get solar energy?
A NEW BCC SOLAR INSTALLATION OF 10,000 GROUND-MOUNTED SOLAR PANELS WILL GENER-
ATE ENOUGH ENERGY TO POWER 1,060 HOUSES ANNUALLY. THROUGH VIRTUAL NET-METERING,
BCC IS ABLE TO SELL THIS ENERGY TO NEW BEDFORD-BASED AFFORDABLE HOUSING GROUP
COMMUNITY ACTION FOR BETTER HOUSING, LOWERING THEIR ELECTRICITY COSTS BY 17%
AND FIXING THAT COST FOR AT LEAST THE NEXT 10 YEARS.

LEARN MORE ABOUT OUR SOLAR WORK:

bostoncommunitycapital.org/onset_solar

22
 We all know that solar energy
is good for the environment.
It is also good for lowering the
cost of energy. Not just for
the wealthyand not even just
for those who have solar
but for everyone on the grid.
Recently, weve been bringing
those financial benefits to
low-income communities
through virtual net metering.
When you see money from a
fresh perspective you can help
the sun shine on everyone.
Because people actually use electricity on cloudy days and
at night, solar powers potential as a primary energy source
has some built-in constraints. Net metering addresses
these, by enabling customers who generate solar power
to get a net metering credit for the excess energy they
produce on bright sunny days; utility companies then apply
this credit against the customers later energy use.
Over the past decade, BCC has developed rooftop solar
installations for 30 affordable housing developments and
non-profit organizations. Recently, we have harnessed net
metering to go one step further. Using the Commonwealth
of Massachusetts pioneering virtual net metering rules,
which allow the net metering credits generated at one site
to be allocated to offset the electric bills of customers at
other sites, we have developed solar installations, selling
our net metering credits at discounted, fixed prices to
affordable housing developmentstypically developments
whose sites cant accommodate solar. This enables resi-
dents of low-income communities, who often dont own
their buildings (or whose roofs are too shaded or not ori-
ented for solar) to benefit from renewable energy. They are
able to save money and to avoid future electricity price
hikes. Its a win-win situationfor everyone on the grid.
Moving power generation closer to customers can reduce
electricity lost on power lines, as well as the need for
transmission system upgrades.
Solar is a local, cost-effective way for the electric
grid to lower its emissions, combat climate change,
create local jobs and meet its legal compliance require-
ments under state, regional and federal greenhouse
gas reduction rules.
Despite these benefits, recent Massachusetts legislation
proposes to cut the value of net metering credits by up
to 75 percent. Should this legislation pass, it would dev-
astate the states solar industry, effectively creating an
insurmountable financial barrier for affordable housing
developments and non-profit organizations hoping to
install solar panels. As we go to press, we dont know how
this will play out. Either way, as policy evolves we will con-
tinue working to ensure we have a modern and resilient
gridand to ensure that low-income communities benefit
from solar poweraddressing energy affordability and
contributing to the fight against climate change to the
greatest extent possible.

Thats because solar powers economic benefits arent

limited to those with solar:

Because solar has no fuel cost and is generated at peri-

ods when electricity demand and cost are at their
highesthot summer daysit cuts the amount of high-
est-priced electricity all grid customers have to pay for.
As solar grows, fewer power plants are neededand the
most expensive, most polluting plants may not need to
be replaced, saving billions of dollars.

23 24
 City air is fresh.
#BCCNext30Years

25 26
 I want a world where the
best predictor of future
success isnt the ZIP
code you grow up in.
#BCCNext30Years

27 28
 Funding education can be
tricky. Public schools are
financed with public funding.
And even the best-managed
early childhood educational
programs and after-school
instruction have lean budgets
that often rely on tenuous
government subsidies
scaring off traditional lenders.
We dont let that stop us.
When you see money from a
fresh perspective you can
spark new learning.
29
Education is one of the keys to unlocking the doorway out
of poverty. Unfortunately, as income inequality and eco-
nomic segregation increase, we find that our public education
system has become two-tiered. Children raised in more
affluent communities are more likely to graduate from high
school, attend college and find economic security, while
children from lower-income communities face higher drop-
out rates, lower college matriculation or completion, and a
harder time finding jobs that provide economic security for
them and their families.
We need to do better.
For this reason, BCC looks for opportunities to invest in
early childhood education and child care programs, schools
and after-school programming.
Effective early childhood education is a long-term predictor
of successful adults. So we support those efforts, making
loans to childcare facilities and programs like Head Start.
Strong after-school programs are also critical, providing
low-income children with opportunities and experiences
that will help them succeed in college and beyond. We look
for opportunities to bolster these programs as well.
These loans are challenging to make. Because debt is
repaid through operating revenue, and early education
programs work on razor-thin margins with little cushion
against financial downturns, traditional lenders often shy
away from working with them. We do not. We are committed
to supporting these vital programsand to developing new
ways to provide that support.
We also invest in charter schools that serve low-income
communities. We look for schools in which the student
body reflects the community demographics, schools that
are accountable to their communities to provide the best
possible education for their students, and schools that
are focused on sharing what they learn and replicating
their success with an eye toward educational reform and
the development of new approaches to education that
can become best practices in public schools.
Charter schools are an experiment, the results of which
will not be fully understood for at least a decade. However,
education is a critical stepping stone out of poverty, and
we cannot wait. Todays students and future generations
are depending on us. They deserve our help.
30
 AN EFFECTIVE EDUCATION REQUIRES MUCH MORE THAN BOOKS. SO OUR PARTNER
INSTITUTIONS ARE FOCUSED ON EVERYTHING FROM FULL FAMILY ENGAGEMENT TO

Lighting young
CREATING INSPIRING PHYSICAL SPACES. AND ITS WORKING.

minds takes a
360 effort.
Which results in
a 180 difference
in outcomes.

LEARN MORE ABOUT OUR LOANS TO

ASCEND AND THE LEAGUERS:
bostoncommunitycapital.org/ascend
and bostoncommunitycapital.org/leaguers

31
 School is a place for
learning, not lockdowns.
#BCCNext30Years

33 34
 Its not a matter
of can or cant.
Its a matter
of how.

35
 One great thing about con-
serving energy is that it also
conserves cash. Thats a
benefit everyone can under-
stand. Monitoring energy
efficiency and pinpointing
the best way to save becomes
a triple winwith benefits
for the environment, building
owners, and tenants. When
you see money from a fresh
perspective you can save
money and save the planet.
37
Launched in 2010, WegoWise makes energy efficiency
frictionless by harnessing the power of data to deliver
market-transforming analytics.
Assessing building performance used to be a laborious,
time-consuming, on-the-ground service. Building owners
and managers needed costly staff or hardware systems to
gather datawhich were then painstakingly analyzed by
way of messy, error-prone spreadsheets. Or they didnt do
it at all. WegoWise automated the process, making building
performance available through the cloud. The frictionless
part? Its proprietary platform doesnt even require a site
visit to set up.
WegoWise seamlessly collects data from utility companies,
benchmarks a buildings efficiency against an unrivaled
database of information on peer buildings, and then rec-
ommends actionable solutions to improve the buildings
ratings. Our clients know just how effective these potential
solutions would be because the platform also automatically
analyzes the dollars each would save.
WegoWise started with multi-family housing in low-income
communities. Living in buildings that are 20% more waste-
ful than typical market-rate housing, these families often
spend four times as much of their income on energy.
Effective building upgrades can change that. In fact, invest-
ing in efficiency upgrades can cut monthly utility bills by
as much as 30%. But building owners need to know where
to make the investments. New windows? New boilers? A
search for leaking faucets? WegoWise points them in the
right direction.
Today we collect data on over 40,000 buildings, totaling
more than 1 billion square feet, analyzing 150,000 utility
bills per month from over 600 utility companies across all
50 states and parts of Canada.
And its making a real difference to tenants, building own-
ers, and the environment. Armed with WegoWises energy
analytics, building owners and their tenants can save
$11.6 billion in annual utility costs. They would reduce CO2
emissions by 36 million metric tons and save 320 billion
gallons of water annuallythe equivalent of taking 7.5
million cars off the road and providing water for 10 million
people. Every year.
Now WegoWise is expanding to more types of customers
and more products. Weve started monitoring single-family
homes and commercial buildings. Weve augmented
our building analytics and benchmarking with proactive
monitoring and alerts, property management reports,
energy reporting compliance serviceseven a building-
rating system owners use to spur tenant engagement.
Weve created an API (application program interface) for
enterprise-scale service providers seeking to leverage our
industry-leading utility data collection platform. Finally,
we are creating a credit report for efficiency investments
so multi-family lenders can better manage risk.
In the past six years, WegoWise has set the new standard
for assessing building performance. Now, we are setting
new standards for real estate as a whole, creating new
opportunities to integrate efficiency data into financing,
development, ownership, and management. WegoWise is
transforming the way the market conserves both cash
and energy, and improving not just the industry, but also
the planet.
38
 Fossil fuels belong to
the dinosaurs.
#BCCNext30Years

39
Who knew
insulation could
be so good for
your health?
THE GREEN & HEALTHY HOMES INITIATIVE (GHHI) IMPROVES HOMES INSULATION AND VENTILATION,
LOWERING ENERGY BILLSAND IN THE PROCESS REDUCING MOLD, MILDEW, CHEMICALS AND OTHER
ASTHMA TRIGGERS. WHICH IS WHY GHHI THINKS MEDICAID SHOULD HELP PAY FOR REMEDIATION.

Learn more about WegoWises work with GHHI:

bostoncommunitycapital.org/ghhi

42
 Everyone has a
right to be safe.
Especially in
their own homes.
DOMESTIC ABUSE COMES IN MANY FORMS. PHYSICAL. VERBAL. CULTURAL. FINANCIAL. SEXUAL.
EMOTIONAL. ABUSERS TEND TO USE WHATEVER WORKS. HEALING ABUSE WORKING FOR CHANGE
PROVIDES A HAVEN AGAINST THEM ALL.

LEARN MORE ABOUT OUR LOAN TO HAWC:

bostoncommunitycapital.org/hawc

43
 What makes
a community
vibrant?

45 46
 Everyone needs a place to live.
Shelter. And preferably a home.
Yet safe, affordable housing is
frequently in short supply
and financing pressures mean
new development often is not
designed for those who may
need it most. With long-range
planning and patient capital,
were working to change that.
When you see money from
a fresh perspective you can
house the world.
47
Housing is never one-size-fits-all. Neither are housing
needs. In communities across the country, there is a
pressing need for affordable housing. We also need senior
housing, transitional housing, supportive housingeven
market-rate housing for the middle class.
A vibrant community relies on a strong local workforce
and that workforce needs a place to live. In towns where
housing is limited, new housing can become an engine of
growth: By increasing the supply, a town can lower overall
housing costs, and thereby attract and retain the popula-
tion required for economic expansion.
In the Northeast, abandoned mill buildings can be a great
source of housing. These millsonce the anchor around
which a town was builtoften have become vacant eye-
sores, symbolic of what has been left behind. Converting
them to productive use provides the double impact of sup-
plying critical housing while enlivening blighted areas,
transforming depressing spaces into vital resources.
BCC is pleased to support such transformative projects,
particularly in former industrial mid-sized cities that helped
anchor regional economies, and are themselves poised for
a renaissance.
If increasing the supply of housing, generally, poses a chal-
lenge, expanding affordable housing faces still higher
hurdlesespecially in many of the communities we serve
which have both need and gentrification pressure. It is hard
to even identify a parcel of land that is suitable for afford-
able housingso when one comes available, developers
need to be able to buy it quickly before it is lost to more
lucrative ventures. This is particularly true in hot real estate
markets, where gleaming high-rises seemingly sprout up
overnight on every available lot.
Speed is not the only challenge. In gentrifying and dis-
tressed communities alike, acquisition is just the first step.
It takes time to assemble the scarce and complex set of
resources necessary to move forward, to develop or rede-
velop a property, then rent or sell it. Many lenders arent
willing to traverse the long road from purchase to income.
BCC is able to support developers of affordable housing
on both fronts, providing ready capital when opportunity
arises, and ensuring that that capital is patient enough to
support a projects development timeline. Together, we are
working to increase the housing stock so that everyone
has a home.
48
 Supply equals demand for
housing in the Commonwealth.
#BCCNext30Years

49 50
 Neighborhood
blight becomes a
source of pride
ONCE A VACANT FIRE HAZARD, HARRIS MILLS NOW BOASTS 157 UNITS OF HIGH-QUALITY WORKFORCE
HOUSINGA PROJECT MADE POSSIBLE BY BCCS NIMBLE RESPONSE TO FINANCING DEADLINES.

LEARN MORE ABOUT OUR LOAN TO HARRIS MILLS:

bostoncommunitycapital.org/harris_mills

51
 Communication is
the intersection and what others
between what you can or need to
want to say hear.
53 54
 Im a life-long conservative.
I came here really skeptical
about the effectiveness of this
kind of work, or how I should
feel about it.

You changed the

way I think.
a new BCC partner, at our 30th anniversary celebration

55 56
 Partners in
Our Mission
BCC and its affiliates provide a wide range of debt and equity products
for low-income communities and individuals and for emerging businesses
and entrepreneurs.

Boston Community Loan Fund makes loans to nonprofits and community

organizations that create and enhance affordable housing, energy efficiency
measures, community health resources, quality education, small businesses
and other opportunities.

Our Stabilizing Urban Neighborhoods (SUN) Initiative works to prevent the

displacement of families and the neighborhood destabilizing effects of vacancy
and abandonment by acquiring foreclosed properties before evictions occur and
reselling them to their existing occupants with mortgages they can afford.

NSP Residential is a real estate company focused on acquisition strategies aimed

at neighborhood stabilization.

Aura Mortgage Advisors, a licensed mortgage lender (NMLS #23467), helps

people understand the mortgage process and purchase homes they can afford.

Boston Community Managed Assets develops new business initiatives and inno-
vative funding vehicles for low-income individuals and communities, and administers
the investment of our New Markets Tax Credit allocations.

BCC Solar works to stabilize and reduce energy and utility costs of existing afford-
able housing by improving their energy efficiency, conservation and renewable
energy use.

WegoWise provides online, automated utility use tracking and benchmarking to

affordable housing and other property managers, owners and funders.

Boston Community Venture Fund makes equity investments in emerging or exist-

ing businesses that create jobs or provide services for low-income communities.
We See Money Differently collage created by Mark Wagner, Inc. Watch our 30th anniversary video, We Dont See Money, We See What Money Can Do featuring
Marks collages at http://bit.ly/1pzhp3B

57 58
Board of DeWitt Jones
Boston Community Capital
Linda Diianni
Underwriter
Sofia Suarez
Translator
Nora Bloch Jonathan Klavens

Directors James Walsh, S.J., Esq. Stephen Donovan Sharon Shepard

Charles Clark, Chair Metro Law Center of James F.
YouthBuild USA Walsh, P.C.
Sarah Lincoln, Treasurer
Citizens Bank Staff
James Walsh, S.J., Esq., Clerk
Elyse D. Cherry
Metro Law Center of CEO, Boston Community Capital;
James F. Walsh, P.C. President, Boston Community
Elyse D. Cherry Venture Fund, Aura Mortgage
Boston Community Capital Advisors and NSP Residential
Julie Gould DeWitt Jones
President, BCC Solar Energy
Mercy Housing
Advantage and Boston
Edward Dugger III
Community Managed Assets
Reinventure Capital LP
Michelle Volpe
DeWitt Jones
President, Boston Community
Boston Community Capital Loan Fund
Maria Maffei
Samantha Asker
MTM Consulting LLC Development & Communications
Coordinator
Michelle Volpe
Boston Community Capital Scott Barry
Mortgage Loan Officer
Victor Rivera
Bank of America Adam Beattie
Mercedes Tompkins Senior Mortgage Loan Officer
Brookview House Gail D. Berlinger
Director of Strategic
Loan Committee Impact Initiatives
Victor Rivera, Chair Nora Bloch
Senior Loan Officer
Bank of America
Eva Clarke Jessica Brooks
Boston Financial Senior Vice President of
Investment Management Development & Communications
Laura Hackell Jennifer Campagnone
Independent Consultant Loan Processor
DeWitt Jones Stephanie Caponigro
In-House Counsel, SUN Initiative
Boston Community Capital
Maria Maffei Bettina Carroll
MTM Consulting LLC Customer Relations Liaison
Linnie McLean Andrew Chen
CFO, Boston Community Capital;
Retired, Finance & Community
CEO, WegoWise; Venture Fund
Development Advisor
Managing Director
David Stolow
KC Cutrona
Boston University
Jennifer Pinck
Investor Relations Assistant
Pinck & Company, Inc. Karyn Dauwer
Senior Underwriter
Michelle Volpe
and Processing Manager
Boston Community Capital
Elisabeth Davis
Steven J. Tromp
Salesforce Project &
First Republic Bank
Operations Manager
Venture Michel Dubois
Peter Bloch Krokidas & Bluestein LLP
Boston Private Bank & Learning by Giving Foundation,
Portfolio Analyst SUN Initiative Chief Operating
Trust Company Wellesley College
Officer; Venture Fund
Rachael Dorr
Managing Director Bob & Louise Bowditch Tracey Lembo
General Manager, SUN Initiative
Michele Eldridge
Jason Zhang Susan Brand & Gail Horowitz Warren Leon & Cynthia Robinson
Senior Accounting Analyst Jess Brooks & Russ Neufeld Sarah Lincoln
Administrative Assistant
Gilda Bruckman John Lippitt
Gary Finnegan
Mortgage Loan Officer
Professional
Allison Burger Steve & Robin Lydenberg
Jessica Friesen
Support
Ann & Bob Buxbaum M. Brinton Lykes
Salesforce Contractor Alexander, Aronson,
Eva Casey Kristin & John D. Macomber
Finning & Company, PC
E. Matthew Gautieri
Auditor CDFI Fund of the Maria Maffei
Controller
BerlinRosen Public Affairs US Department of Treasury
Cristina Gonzales-James Harry S. Margolis &
Strategic Communication & Chen Family Susan H. Phillips
Customer Relations Liaison
Media Relations
Jacqueline Hart Elyse Cherry Carol Master & Sherry Mayrent
John Blassick
Intake Specialist/MLO Trainee Citibank Martha McManamy
Risk Solutions, Inc.
Connor Herlihy Codman Square Neighborhood Matthew McTygue
CohnReznick
Processor Development Corporation
Consultants, New Markets Patrick & Julie McVeigh
Greg Hillier Tax Credit Judy & Bill Currier
The Meredith Corporation
Negotiator and Closing Coordinator
Ed Dewsnap Matthew C. Dallett Foundation
Danielle Hitchcock Microliance Business Solutions
The Derek Bok Advised Fund Charles Merriman
Senior Negotiator Consultant Consultant, Accounting
Carol Dickson Ross & Susan Neisuler
Junior Joseph Elizabeth P. Dill
Intern Senior Finance Advisor Mary Ann Donaldson Greg & Peggy Nilles
Emily Kaminsky
Compliance Manager
501Partners Barbara & Nick Elton Judith & Arthur Obermayer
Salesforce Consultants Martin G. Evans Loraine Obler
Sarah Kitterman Foley Hoag, LLP Frederick E. Fairfield, Jr. OHalloran Family Foundation
Barbara Webber Rev. Alden Besse
Senior Loan Officer Legal Counsel,
Martin & Susana Fantozzi The Oran Kessler Family
Andrew Koh Energy Advantage Program Wheeler Imaging Alice Boelter**
Charitable Fund
Director of Operations Robert Fichter
G2 Technology Group The Whitney Foundation Samuel Bonsey
Doreen Ova4d
Deana Kovacev IT Support Lewis Finfer
David & Mary Wiley Anonymous clients of Boston Trust
Customer Service Liaison/ Parish of the Epiphany
Hillmann Consulting, LLC Michael & Linda Frieze & Investment Management
Lisa & Thomas Zappala
Processing Trainee Environmental & Joan Parrish
Julia & Charlotte Gilliam Robert Brainerd
Engineering Consultants Sean Zielenbach
Anne Marie LaSalvia Edward N. Perry &
Sharon Gillis & Thomas Phillips Carol H. Brainerd Trust
Senior Mortgage Loan Officer & Locke Lord Edwards LLP Cynthia W. Wood Marcia Zuckerman
Compliance Officer Rolf & Julie Goetze Susan Brill
Legal Counsel We are also deeply grateful for
Maria Quiroga & Alvin Shiggs
Mei See Law-Sandson Sandy Bodner Strategic Charles & Sara Goldberg the contributions of numerous Jess Brooks & Russ Neufeld
Jill Richard
Portfolio Manager Communications LLC Charitable Trust individuals and organizations
Florence Brown
Strategic Communications/ Robert Treat Paine Association including many long-time
Lauren Lowe Ellen Gorowitz & James Rooney
Business Development, supporters of our workwho Michael Brown
Mortgage Underwriter Sally Rocker & Chris Paci
SUN Initiative Julie Gould prefer to remain anonymous.
Janet Buchwald & Joel Moskowitz
George Mandell Maggie & John Russell
Fred Unger, Heartwood Group, Inc. Carolyn E. Hannauer
Mortgage Underwriter Thomas & Kamala Buckner
Consultant, Energy Sanford E. Harwood
Dr. E.O. Rod Rutledge Loan Fund
Luis Matienzo Margaret Bush
Loan Fund Operations Manager
Advantage Program Revocable Trust Maurice Samuels Investors
James & Susan Butler
Baker Tilly Brett Harwood Sharon Shepard & James Rinderle
Ron McCormick Individuals Paul & Catherine Buttenwieser
Consultant, New Markets
Customer Relations Liaison Herman & Frieda L. Miller South Mountain Company
Tax Credit Joel Abrams Anne Oldshue Calabresi &
Foundation
Kathryn McHugh Rabbi Toba Spitzer & Gina Fried
Lisa Zappala Ann & Peter Anderson Robert Calabresi Oldshue
Senior Loan Officer Marilyn L. Humphries
Senior Finance Advisor Lee & Byron Stookey
Mary & John Antes Anonymous clients of
Hunt Alternatives at the
Michael Nilles John & Nadine Suhrbier Circle Wealth Management

Committee
Processor Senior Loan Officer Contributors direction of Alan Fein
Mercedes Tompkins
Samantha Asker
Anonymous clients of
Justin DeAngelis Sean ONeill Dick Jones & Viki Bok Nancy Askin
Mary Albon Conifer Investments
Edward Dugger III, Chair Negotiator Portfolio Analyst United African American
Megan & DeWitt C. Jones III Barbara Asnes
Reinventure Capital LP William Apfel Venture Fund, Inc. Margaret J. Covert
Constance Delzant Dan Phair Howard Katz
Jeffrey Ashe Trudi Veldman & Robert Kamen Alma & Mitch Balonon-Rosen Martha Crawford
Elyse D. Cherry Senior Negotiator & Negotiator
Boston Community Capital Loss Mitigation Specialist Jonathan & Judith Keyes Beate Klein Becker
Megan Reagon Toby Ast Michelle Volpe Sarah Creighton
Charles Clark Mortgage Loan Officer David S. King Norman & Nancy Beecher
Dale Blank Walpole Co-operative Bank Marie Crocetti
YouthBuild USA King Mountain Foundation of the Dana Berg
Emily Rochon John & Julie Blassick Francis Cummings
Director of Energy & Fidelity Charitable Gift Fund
Susan Berry
Environmental Policy
59 60
Ann Curby
Iphigenia Demetriades**
(member of NEWIRE & Wellesley
Alum Investment Group)
Steven DePaul &
Elisabeth Rendeiro
Laurie Dewey
Carl Dickson
Carol Dickson
John Dickson
Priscilla Dickson
Elizabeth Betsy Duren
Mildred Engberg
Katharine Esty
Terry & Kris Finn
David Frieze
Michael & Linda Frieze
Lauren & Bill Gabovitch
Sree Ganesan
Judy Goldberg
Kate D. Goodale
Susan C. Goodale
Bruce & Eva Gordon
Happy Green
Laura Hackell**
Gail & Thomas Hedges
Ellen Hertzmark
Bill Himelhoch
Mimi Hollister
61
Linda L. Humphrey
Hannah Elizabeth James
Olivia James
Maria & Greg Jobin-Leeds
Dick Jones & Viki Bok
Andrei Joseph
The Joukowsky Family
Daniel Kamentsky
Karen Karp
Jonathan Katz & Norah Wylie
Benjamin N. Kaufman Anonymous clients of NorthStar
Nathan Asher Kaufman
D. Gail Kearns
Elisabeth W. Keller &
Steven C. Bonsey
Lori J. Kenschaft &
Randall D. Smith
Samuel Knight
Dawn J. Kramer
Amos Lans
Johnny Lapham
Mike Lapham
Rachelle Linner
John Lippitt
David O. Ludlow
Steven & Robin Lydenberg
Martha Matlaw
Gregory Maul
John J. McCooe
Richard & Margriet Morris
Eva Moseley
Ted & Caroline Murray
Jessie Myszka
Andrea Nash
Catharine Nicholson
Ingborg Nickelson
Anne & Eric Nordell
Roderick & Joan Nordell
Asset Management, Inc.
Richard D. Olson, Jr. &
Richard R. Smith
Scott Oran & Meryl Kessler
Karen E. Orso
Theodore & Dorothy Osgood
Sally Owen
Mandy Patinkin & Kathryn Grody
Frances Perkins
Katherine Perls
Edward N. Perry & Cynthia Wood
Beatrice Phear
Charlotte Phillips & Oliver Fein
Sally Pick
Ines Polonius
Joan M. Powell
Amelie L. Ratliff
John Rearick & Elizabeth Schnee
Rebecca Regan & Meghan
Regan-Loomis
John Regier
Elaine Reily & Marilyn Stern
Anonymous clients of Reynders,
McVeigh Capital Management and
Fresh Pond Capital
Ronald Riggert
Marci Riseman & Evan Sagerman
Adam Roberts
Virginia Robinson
Kathryn Rothermel
Jeremy & Aviva Rothman-Shore
Larry & Nancy Rowe
Kathryn Rugus
Rebecca Sauer
Skip Schiel
Ivy Schwartz
Karin Segal
Lori Segall & Fred Berman
Paul Shannon
John Stix
Suki & David Stolow
Sawyer Stone
Lee & Byron Stookey
Alice Stowell
John & Nadine Suhrbier
Anonymous clients of The
Sustainability Group at Loring,
Wolcott & Coolidge
Sandra Sweetnam & David Smith
Mattilda B. Sycamore
Julie Tamler
Dixie & Maddox Tavela
Lewis & Sandra Thompson
Mrs. William Thompson
Joan Tighe
Anonymous clients of
Trillium Asset Management
Cary H. Twichell
Trudi Veldman
Anonymous client of
Veris Wealth Partners
Jonathan Wallach & Linda Hanson
Shana Weaver
Margaret Winslow
Howard Wolk
Lee A. Work
Religious Organizations
The American Baptist Churches
of Massachusetts
Augustinians of the Assumption
Belmont United Methodist Church
Boston Tzedec Community Fund
Congregation of the Sisters of
St. Joseph of Boston
The Episcopal Diocese of Iowa
First Church of Christ, Bedford
First Parish in Lincoln
First Parish in Weston
First Parish of Westwood,
United Church
Harvard Epworth United Methodist
Church, Cambridge
Jewish Community
Relations Council
Massachusetts Conference of the
United Church of Christ
Mercy Partnership Fund
The Micah Fund: Greater Boston
Jewish Fund for Community
Economic Development,
a CJP/JCRC Initiative
Needham Clergy Association
New England Annual Conference
of the United Methodist Church
New England Yearly Meeting of
Friends Pool Funds
Old South Church in Boston
Parish of the Epiphany, Winchester
The Paulist Center, Boston, MA
Presbyterian Church in Sudbury
Presbytery of Boston
St. Annes in-the-Fields
Saint Pauls Episcopal Church,
Brookline
Seeds of Change
Sisters of Charity Halifax
Sisters of Charity of Saint
The Erich & Hannah Sachs
Elizabeth, New Jersey
The Sisters of St. Francis of
Philadelphia
Sisters of the Assumption of the
Blessed Virgin
Society of Jesus of New England
Society of the Divine Word,
Chicago Province
Society of the Holy Child Jesus
Sons of Mary, Health of the Sick
Sudbury United Methodist Church
Temple Emanuel of Newton
Temple Hillel Bnai Torah
Temple Israel Boston
Temple Shalom of Newton
Tzedec Community Investment
Program of Bend the Arc:
A Jewish Partnership for Justice
Unitarian Universalist Association
of Congregations
Unitarian Universalist Church of
Greater Lynn
Unitarian Universalist
Congregation at Shelter Rock
The United Parish in Brookline
United Parish of Auburndale
Foundations & Institutions
Admirals Bank
The Amos & Boris Fund
Bank of America Community
Development Corporation
Belmont Savings Bank
Blue Hills Bank
BNY Mellon New England
Bon Secours Health Systems
The Boston Foundation
Boston Private Bank &
Trust Company
Boston Trust & Investment
Management Company
Brown Brothers Harriman
Calvert Social Investment Fund
Cambridge Trust Company
Cathay Bank
Citizens Bank
Anonymous clients of The
Sustainability Group at Loring,
Wolcott & Coolidge
Common Good Finance
CDFI Fund of the
US Department of Treasury
Dedham Institution for Savings
Eastern Bank
ENAID Housing Trust
Anonymous individuals
Foundation
Fidelity Management Trust
Company
Fiduciary Trust Company
The Frances Fund, Inc.
Harvard University
Healing Abuse Working
for Change, Inc.
Hingham Institution for Savings
HSBC Bank USA
The Keller Bonsey Fund
Leader Bank, N. A.
The Life Initiative
MA Grinnell Charitable Trust
Mass Development
McAuley Institute
Metropolitan Life
Insurance Company
Miles Properties
NCB Development Corporation
Obermayer Foundation, Inc.
Opportunity Finance Network
The Parnassus Fund
Parnassus Investments
Profit Point Fund
The Property & Casualty Initiative
Robert Treat Paine Association
Rockland Trust
Rosies Place
Rowe Family Charitable Trust
Rubblestone Foundation
Salem Five Cents Savings Bank
The Schocken Foundation
Seymour & Sylvia Rothchild
Family Foundation
Small Business Loan Fund of the
U.S. Treasury
State Street Bank
TD Banknorth
Twin Pines Cooperative Foundation
Webster Bank
And the many individuals and
organizations who prefer to
remain anonymous.
** Wellesley Alumnae Investor
Investor in The Micah Fund:
The Greater Boston Jewish Fund
for Community Economic
Development, a CJP/JCRC Initiative
SUN Initiative
Investors
Ann & Peter Anderson
Roberta J. Apfel & Bennett Simon
Barbara Asnes
Anonymous clients of
Mark Munger & Kate Bourne
Ballentine Partners
Anonymous clients of Barry
Asset Management, Inc.
Investment Advisors
Angela & Anthony Ocone
Dana Berg
The Boston Foundation
Sally Pick
Boston Trust & Investment
Management Company
Andrew Boyd
Jess Brooks & Russell Neufeld
Anonymous clients of
BWS Wealth Partners
Calvert Foundation
Annie E. Casey Foundation
Anonymous clients of Clean Yield
Asset Management
Margaret J. Covert
Sarah Creighton
Judy & Bill Currier
Nina Dillon & James Recht
Trilby Galen duPont
Abigail Easterly & Scott Silberfeld
Laurie Emrich & Gael Murphy
The Episcopal Diocese of Iowa
F.B. Heron Foundation
First Congregational Church in
Amherst (UCC)
Michael & Linda Frieze
Anonymous clients of
Cary H. Twichell
Fresh Pond Capital
Cheryl & Noah Fulmer
Kate D. Goodale
Susan C. Goodale
Anonymous client of Hall Capital
Partners LLC
Tracy Hewat
J. Christopher Hormel
The Joukowsky Family
Anonymous clients of
Just Money Advisors
Jonathan Katz & Norah Wylie
Elisabeth W. Keller &
Steven C. Bonsey
Julie & Peter Kelly-Detwiler
Daphne & Steve Klein
The Kresge Foundation
Amos Lans
Robert Alan Lewis & Barbara
Heynaths Lewis
Joan R. Lisi
E.A. Nancy Lukens
Lydia B. Stokes Foundation
Jane Matlaw
Patrick & Julie McVeigh
Jeanne Miller Melton
Anonymous clients of NorthStar
Perls Foundation
Kate Poole
John D. & Geneva P. Pope
Alison & Christopher Pyott
Amelie L. Ratliff
Elaine Reily & Marilyn Stern
Ellen Remmer
Anonymous clients of Reynders,
McVeigh Capital Management LLC
Marci Riseman & Evan Sagerman
Adam Roberts
Dale & Christine Rockefeller
Martha & David Rome
Rowe Family Charitable Trust
Maurice Samuels
South Mountain Company
Anonymous members of
Strategic Grant Partners
Skip & Marilyn Sturman
John & Nadine Suhrbier
Anonymous clients of The
Sustainability Group of Loring,
Wolcott & Coolidge
Tzedec Community Investment
Program of Bend the Arc: A Jewish
Partnership of Justice
Ariane van Buren
Trudi Veldman & Robert Kamen
Anonymous client of
Veris Wealth Partners
Lisa Watson
Margaret Winslow
Steven & Julie Woodward
62
Sustainability
Initiatives
Investors
Bank of America,
Energy Efficiency Finance Program
US Bank Community
Development Corporation
TD Bank
State Street Bank
CDFI Fund of the US Department
of Treasury
Massachusetts Clean Energy
Center, Renewable Energy Trust
U.S. Department of Treasury,
1603 Program
Shared Value Investment LLC
Eastern Bank
Venture Fund
Investors
Anonymous foundation
Anonymous individuals
Bank of America
Capital Corporation
TD Banknorth, N.A.
Paul & Catherine Buttenwieser
Citizens Bank
Richard & Priscilla Hunt
The Roy A. Hunt Foundation
The Hyams Foundation, Inc.
Institute for a Civil Society
Jacobs Family Foundation
JPMorgan Chase Community
Development Group
The John D. & Catherine T.
MacArthur Foundation
Opportunity Finance Network
Property & Casualty Initiative
The Rockefeller Foundation
Harvy Simkovits
State Street Bank
Sovereign Bank
Ralph Taylor
Loan Fund Past
and Current
Borrowers
AHC, Inc.
Allem Realty Trust
Alliance for Animals
Alliance for Young Families
Allston-Brighton Community
Development Corporation
63
American Youth Hostels
Boston Hostels, Inc.
Amos House
Arch Street Development
Architectural Heritage Foundation
Artist Tenants of the South End
Artists Cooperative at
300 Summer Street
Asian Community
Development Corporation
Beacon Communities
Becker + Becker
Berkshire Arts & Technology
(BART) Charter Public School
Berkshire Housing
Development Corporation
Bethel AME Church
Beverly Affordable Housing
Boston Aging Concerns Committee (ESAC)
Young and Old United
Boston Citywide Land Trust
Boston Film & Video Foundation
Boston Neighborhood
Housing Services
Bridge Housing Corporation
Brookside Artists, LLC
Cambodian Mutual
Assistance Association
Capstone Communities, LLC
Casa Esperanza
Casa Myrna Vazquez, Inc.
Casa Nueva Vida
Cascap, Inc.
Cathedral Church of the Savior
Charter Schools Development
Corporation
Chelsea Neighborhood
Housing Services
Chestnut Street Cooperative
Citizen Schools
Citizens for Affordable Housing in
Newton Development Organization
(CAN-DO)
City Lights
Civic Builders
Codman Square Neighborhood
Development Corporation
Colonial Village Apartments*
Communities United, Inc.
Community Action Agency
of Somerville
Community Action for
Better Housing (CABH)
Community Housing, Inc.
Community Servings
Cooperative Corporation
Cornerstone Properties Group
of Wareham, Inc.
Cushing Manor Support Facility
DIAL-SELF Teen Services
Dimock Community Health Center
(Social Justice for Women)
Dorchester Bay Economic
Development Corporation
Dorchester Gardenlands
Dorchester Home & Garden
E.L. Haynes Public Charter School
East Boston Community
Development Corporation
East Harlem Scholars Academy
Ecumenical Social Action
Elizabeth Stone House:
Transitional Housing Project
Ellington Street
Cooperative Corporation
Emmanuel Gospel Center
ETC Development Corporation
Fairbanks Development, LLC
Fairfield Real Estate Development
Falmouth Housing Corporation
Fenway Community
Development Corporation
Finex House
First Night, Inc.
Forest Glen Cooperative
Fort Point Arts Community
Fountain Hill Condo Association
Frank Thomas/Otisfield, LLC
Franklin Field South
Neighborhood Association
Friends of Shattuck Shelter
The Friends of TEAM Charter
Schools, Inc.
Gay & Lesbian Advocates
& Defenders (GLAD)
Generations, Inc./Magic Me
Greentown Labs, Inc.
Guidance Center, Inc./Center Inc.
H R Ross Industries
Harborlight Community Partners
Hart Development Associates
Harvard Community Health
Center/Griffin House
Harwich Ecumenical Council
for the Homeless
HEARTH (formerly Committee to
End Elder Homelessness)
HMB, LLC
Homes for America, Inc.
HomeStart, Inc.
Hope House
Hope Real Estate Enterprises, LLC
Housing Assistance Corporation
Housing Corporation of Arlington
Humphreys Street Studios
Inquilinos Boricuas en Accion
(IBA)
Island Housing Trust
Jamaica Plain Neighborhood
Development Corporation
Jamaica Plain Scattered
Site Cooperative
Jewish Community Housing
for the Elderly (JCHE)
Jumpstart for Young Children, Inc.
Just-A-Start Corporation
Keen Development Corporation
Kevin McCrea/Wabash
Construction
KIPP Academy Lynn
KIPP Boston Academy
Charter School
Kit Clark Senior Services/
Federated Dorchester
Neighborhood Houses
L.P. Athol Corporation
Lawrence Community Works
Lifehouse
Living in Dorchester
Madison Park Development
Corporation
Marys Center for Maternal
& Child Care
Mattapan Community
Development Corporation
Mattapan Community
Health Center
MD Properties
Media & Technology Charter High
(MATCH) School
Methunion Manor
Cooperative Corporation
Midway Artists Collective LLC
Michael Stella
Miles Properties, Inc.
Milton-Fuller Housing Corporation
Mission Hill Neighborhood
Housing Services, Inc.
Mission SAFE
Mitchell Properties
Mount Pleasant Home
Neighborhood Development
Corporation of Grove Hall
Neighborhood of Affordable
Housing (NOAH)
New Atlantic Development
Corporation
New Boston Fund
Norbert Associates, LLC
North Metropolitan Homemakers
Home Health Aide Service
North Shore CDC
November Collective
Cooperative Corporation
Nuestra Comunidad
Development Corporation
Nu-Life Development Corporation
Oaktree Development
Operation OutreachUSA, Inc.
Otisfield, LLC
Paige Academy
Park View Cooperative Corporation
Paul Sullivan Housing Trust
Peabody Properties*
Peabody Veterans Supportive
Housing LLC an affiliate of
Peabody Properties
Peace at Home
Penikese Island School
Peterbridge, Inc.
Pine Street Inn
Presentation School Foundation
Preservation of Affordable Housing
Providence Community
Health Centers
Putnam & Western Cooperative
Quincy Geneva Housing
Development Corporation
Rehoboth Bethel
Development Corporation
Resident Ownership Capital, LLC
Roxbury Multi-Service Center
Ruggles Affordable Assisted
Living Center
Salem Harbor Community
Development Corporation
Salem Mission
Second Home/United Homes
for Children
Shelter, Inc.
SMILE Pre-School Inc.
Sojourner House
Somerville Community
Corporation
South Boston Neighborhood
Development Corporation
Spectrum Health Services
Spontaneous Celebrations
Starr Development &
Brady Sullivan Properties
Straight Ahead Pictures, Inc.
Tent City Corporation
The City School
The Communities Group (TCG)
of Massachusetts
The Garment District
The Leaguers, Inc.
The Starting Line/MOPPETS
Transformations, Inc.
Trinity Development
Trust on Behalf of Eastern Service
Workers Association
Tuttle House, Inc.
University Lutheran Association of
Greater Boston/Harvard Square
Homeless Shelter
Urban Edge Housing Corporation
Valley Community
Development Corporation
Veterans Benefits Clearinghouse
Development Corporation
Vicentes Tropical Groceries Solar Projects North Village Apartment,
Webster, MA
Victory Programs 225 Centre Street,
Old Colony Homes,
VIET-AID Jamaica Plain, MA
South Boston, MA
Adams Court, Mattapan, MA
Visiting Nurses Association (VNA), Quabog Regional Middle High
Somerville Atlas Lofts, Chelsea, MA School, Warren, MA
VNA Lowell Street Cass House, Dorchester, MA Riverview Homes, Pittsfield, MA
Limited Partnership
Champ Homes, Hyannis, MA Union Crossing, Lawrence, MA
Vocational Advancement Center
Greater Boston Food Bank, Walden Square Apartments,
WATCH, Inc. Boston, MA Cambridge, MA
Watertown Community Housing Hopkinton Fire Station, Warren Elementary School,
Hopkinton, MA Warren, MA
Whittier Street Health Center
Hopkinton High School, Washington Elms, Cambridge, MA
Windale Developers, Inc.
Hopkinton, MA
Womens Educational Center West Brookfield Elementary
Hopkinton Middle School, School, West Brookfield, MA
(The Womens Center)
Hopkinton, MA
Womens Housing Initiative
(Brookview House) Hopkinton Police Station, Venture Fund
Womens Institute for New Growth
Hopkinton, MA
Portfolio
& Support (WINGS) Jefferson Park Apartments,
Cambridge, MA
Companies
Worcester Common Ground Acelero Learning, Harlem, NY
LBJ Apartments, Cambridge, MA
Worcester East Side CDC Dynex, Inc., Chantilly, VA
Lincoln Way Apartments,
World Ocean School Magellan Diagnostics, Billerica, MA
Cambridge, MA
Young & Old United, Inc. Mill Street Shared Solar Project, SelecTech, Inc., Avon, MA
YWCA of Boston Gardner, MA
Mishawum Park Apartments,
* Energy efficiency investment site
Charlestown, MA
New Bedford Boys & Girls Club,
New Bedford, MA
North Canal Apartments,
Lowell, MA
64
 YEARS
At the intersection
of downtown
and community.

October 5, 2015

BCA Cyclorama
Boston,
Massachusetts

65 66
67 68
 BCC by the Numbers
Since 1985, Boston Community Capital has invested more than $1 billion to support BOSTON COMMUNITY CAPITAL CUMULATIVE INVESTMENT BY PRODUCT TYPE
organizations and businesses that benefit underserved communities. Our work helps (As Of 12/31/2015) TOTAL $1,171,870,921
preserve affordable housing, save homes, extend education, build communities, expand
access to quality health care, conserve our natural resources, and grow businesses. 8% 2%
Residential Mortgage Loans Double Bottom Line Businesses
$ 98,347,292 $ 28,247,890

18,000+
27% 3%
AFFORDABLE HOUSING UNITS BUILT, Affordable Housing Energy Efficiency and
$ 306, 977, 381 Renewable Energy
PRESERVED OR ENHANCED
$ 37,532,207
5%
Commercial Real Estate and 9%
Other Community Facilities Child Care, Schools, and Youth

81,500+ 650+
$ 61,978,046 $ 101,931,975

40% 3%
New Markets Tax Credit Health Care Facilities
$ 468,000,000 $ 30,143,884
PATIENTS UNDER THE CARE HOUSEHOLD EVICTIONS
NMTC Investment by Product Type
OF STATE-OF-THE-ART PREVENTED BY HELPING Sustainable Forestry: $ 338,696,390
3%
HEALTH CARE FACILITIES FORECLOSED HOMEOWNERS Manufacturing: $85,000,000 Supportive Housing and Shelters
Education: $ 15,789,474 $ 38,712,246
Commercial Real Estate: $ 9,814,136
RenewableEnergy: $ 18,700,000

18.5+ million
KWH OF SOLAR ELECTRICITY GENER-
ATED, THE EQUIVALENT OF ELIMINATING
9,000+ TONS OF CARBON EMISSIONS
ASSETS UNDER MANAGEMENT CUMULATIVE DOLLARS INVESTED
(As Of 12/31/2015) (As Of 12/31/2015)

12,000+ 8,100+ 1B

900M
Energy Advantage
$1.2B

1.1B

CHILDREN SERVED IN LOW-INCOME STUDENTS 1B

CHILDCARE FACILITIES SERVED BY SCHOOLS AND 800 SUN Initiative/Aura Mortgage/ 900M
YOUTH PROGRAMS 700
NSP Residential
800

600 700

2+ million
New Markets
500 600
SQUARE FEET OF RENOVATED COMMERCIAL
400 500
REAL ESTATE AND FACILITIES IN DISTRESSED
Venture Fund 400
COMMUNITIES 300
300
200
Loan Fund 200

6 billion
100
DOLLARS OF ADDITIONAL INVESTMENT 100
0
LEVERAGED BY BOSTON COMMUNITY *Three year rolling average
0
CAPITAL SINCE 1985 2006 2009 2012 2015 2005 2007 2009 2011 2013 2015
Since 2005, BCC has operated on a self-sufficient basis. 2015 self
sustainability ratio: 118%*

69 70
 Our mission is to build healthy communities
where low-income people live and work.
To this end, we finance affordable housing,
childcare facilities, arts programs, schools,
health clinics, community services and
businesses that create jobs, services and
opportunities for low-income people and
communities; invest in businesses that
create social and financial returns; help
families facing foreclosure stay in their
homes; provide cost-effective access to
renewable energy; support the implemen-
tation of energy-efficiency measures in the
communities we serve; and develop new
financial tools that connect low-income
communities to mainstream f inancial
markets. We serve as a vehicle for a wide
range of investors, including individuals,
institutions and faith-based organizations.
Working together, we achieve the flexible
access to capital that is a key to building
healthy communities.
71
ABOUT THIS REPORT
In October 2015, 600 of our partnersborrowers, inves-
tors, policymakers, community members, lending partners
and peer organizationsgathered for a spectacular cel-
ebration of Boston Community Capitals 30th anniversary.
Youll find a gallery of pictures that showcase the event
on page 6467. We asked our guests to tweet their hopes
for the future with the hashtag #BCCNext30Years. Many
of those ideas are found throughout this report, along
with the collages of artist Mark Wagner, who helped us
put a face on the fact that we do see money differently
and what that can mean to the communities we serve.
A video featuring this work, We Dont See Money, We
See What Money Can Do, debuted at our celebration;
please visit our website at bostoncommunitycapital.org
to watch it.
One of our greatest challenges in producing this report
every year is deciding who among our borrowers we should
feature. This year, we decided to expand the number
of storiesand the depth in which we can tell themby
placing them on our website in addition to the report.
Please visit bostoncommunitycapital.org/impact-stories
to read about our borrowers tremendous work in sectors
from housing to energy to education.
bostoncommunitycapital.org | 617.427.8600
For foreclosure relief, call: 855.604.HOME
Editor Jessica Brooks
Producer Samantha Asker
Copy Trevania Henderson
Design Hecht/Horton Partners, Inc.
Images Ascend Learning Inc. (pages 3031); Andre Chung
(page 40); Bill Brett (pages 6467); Marilyn Humphries
(pages 3, 12, 1820, 51, 6467); Rodney Smith (page 37);
Mark Wagner Inc. collages (covers, pages 5663)
Printing Universal Wilde Printing
Printed on Monadnock Astrolite paper. Monadnock Astrolite
paper is FSC Certified and Manufactured Carbon Neutral with
Renewable Electricity. 2016. All rights reserved. Printed
in USA.
10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON, MA 02119 BOSTONCOMMUNITYCAPITAL.ORG 617.427.8600