Independent Bank Corp.’s Rockland Trust Provides $23.15 Million Loan for Springfield Affordable Housing Renovation

Reuters01-27

Independent Bank Corp.’s Rockland Trust Provides $23.15 Million Loan for Springfield Affordable Housing Renovation

Rockland Trust, a subsidiary of Independent Bank Corp., has approved $23.15 million in financing to support the rehabilitation of Northern Heights Apartments in Springfield, Massachusetts. The loan will help preserve and modernize 148 affordable apartments across 45 buildings, continuing a two-decade commitment to affordable housing in the area. The project, managed by WinnCompanies, will include upgrades to individual units and building-wide improvements while maintaining the historic integrity of the property. Additional funding comes from the Massachusetts Housing Partnership, the City of Springfield, the Massachusetts Executive Office of Housing and Livable Communities, and various tax credit programs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corp. published the original content used to generate this news brief on January 26, 2026, and is solely responsible for the information contained therein.

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