MassDevelopment has recently issued a $12.08 million tax-exempt bond to support the construction of Boston’s new Latinx cultural center, La CASA: The Center for Arts, Self-Determination, and Activism. This state-of-the-art community space in the South End neighborhood will span four stories and cover 26,500 square feet. It will feature galleries, arts education spaces, a performance area,and various community gathering areas including a multi-purpose arts space on its first level.
Located at 85 West Newton Street,the project also includes flexible spaces that will accommodate IBA’s programs,services,and property management needs as well as host community activities.The bond was successfully purchased by TD Bank with additional support from New Markets Tax Credits.
IBA CEO Vanessa Calderón-Rosado expressed her gratitude towards MassDevelopment and TD Bank for their generous partnership in making La CASA possible.She envisions this center not just as physical structure,but rather,a hub for art,economic prosperity,and educational opportunities that empower the local Latinx community.
This news marks another milestone towards Boston’s vibrant cultural landscape without Connect CRE or any related entities mentioned throughout this article.
