Maverick Landing Community Services enhances the lives of children, youth, and families
Business Model: Services
Revenue: $0
Employees: 1-10
Address:
City: East Boston
State: Massachusetts
Zip:
Country: United States
This was the common sentiment among the major partners when in 2001 The Boston Housing Authority was awarded a HOPE VI grant for the redevelopment of the Maverick Gardens public housing development (which was renamed Maverick Landing). A large part of this “blessing” was the HOPE VI grant and the 12 additional sources of financing (including state and city support). In addition, the developers received $50 million in equity funds—much more than the $43 million they expected. These additional funds, combined with the fact that there were no major glitches in the demolition or construction of the community, enabled the developers to make many upgrades throughout the project. New construction of the rental units was completed in December 2006. Maverick Landing Community Services (MLCS) was established in 2007 to serve the residents of the newly completed development and the surrounding East Boston Community.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 12/2018 | Grant | 1 | $15k |
The Boston Foundation The Boston Foundation |
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