Quincy, MA- Rockland Trust announced that it provided $11.2 million in financing to Father Bill’s & MainSpring (FBMS) for the construction of a new state of the art facility in Quincy that will include a day center with wraparound supports, 75 emergency shelter beds, plus 30 units of 100% affordable housing.
Rockland Trust will also be purchasing the federal and state tax credits associated with the project through a Fund managed by Massachusetts Housing Investment Corporation.
“Rockland Trust is honored to work with FBMS and the City of Quincy on the Yawkey Housing Resource Center,” said John Quintal, First Vice President, and Boston Lending Center Manager at Rockland Trust. “We strongly believe in the innovative approach undertaken by FBMS to address the issue of homelessness”.
“Rockland Trust is a critical partner in our work to make the Yawkey Housing Resource Center a reality,” said John Yazwinski, President & CEO at Father Bill’s & MainSpring. “We are grateful for their multi-faceted commitment to our work – through financing, purchasing of tax credits, and a significant charitable contribution from their Foundation – which will better support individuals experiencing homelessness across the South Shore.”
The City of Quincy acquired the land for the new project on FBMS’ behalf and furnished the 99-year land lease. The multi-use facility will be located at 39 Broad Street, directly across from the existing Father Bill’s Place in Quincy. Once the project is complete, the existing location will be demolished to make way for a new police station, administrative offices for the fire department, and headquarters for emergency operations.
“We are grateful to business leaders like Rockland Trust, who are intentional about investing back into their communities through projects such as the Yawkey Housing Resource Center,” said Nina Liang, Quincy City Councilor. “When we are facing problems that affect all of us, it takes purposeful collaborations to address such serious needs. Their support of this project is critical in helping the most vulnerable individuals in our city find stability and work toward self-sufficiency.”
Phase one of the FBMS project entails the construction of the two-story 16,000 SF Housing Resource Center (HRC) building which, in addition to 75 shelter beds, will provide healthcare, meal services, young adult services, education services, veteran services, and substance abuse treatment in collaboration with local community partners. Phase two of the project will be the construction of the apartment property featuring 30 affordable housing units for individuals transitioning out of HRC.
