Author - Elena Eimert

15 Mar

REBA HOSTS HOUSING CHOICE FORUM

On February 14, 2018, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the new Housing Choice Initiative and related legislation. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on the likely impact of this legislation and the procedures for obtaining a Housing Choice designation and grant funds. The Housing Choice Initiative rewards municipalities that have produced certain rate or amounts of new housing units in the [...]

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15 Mar

BOSTON PRIVATE BANK CLOSES TAX EXEMPT BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $27MM loan for the benefit of Young Men's Christian Association of Metro North, Inc. Boston Private purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the purchase and construction of a new Lynn YMCA, a project that will construct and furnish a new 68,900 square foot YMCA facility located at 20 Neptune Boulevard in Lynn, [...]

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15 Mar

REBA HOSTS PROPERTY DISPOSITION INITIATIVES AND AFFORDABLE HOUSING LOAN FORUM

On November 15, 2017, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the City of Boston’s new property disposition initiatives and affordable housing loan programs. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on the Mayor’s plans for the upcoming year under the leadership of Sheila Dillon, Cabinet Chief of Housing and Director the Department of Neighborhood Development (DND). As a member of Mayor Walsh’s Cabinet, [...]

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10 Apr

WAYNE AT BICKNELL, PHASE IV

KJP represented Boston Private Bank & Trust Company in closing a $21MM loan for the benefit of Cruz Development Corporation.  Boston Private purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and development of Wayne at Bicknell, the 4th phase of a 5-phase project that in total will restructure and renovate Wayne Apartments, a 349 unit scattered site complex located on 26 scattered sites [...]

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10 Apr

REBA HOSTS LEGISLATIVE FORUM

On March 24, 2017, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the Commonwealth’s legislative housing agenda for 2017-2018. Co-Chairs Kurt James of KJP and Beth Elliott, General Counsel at Massachusetts Housing Finance Agency, moderated a panel discussion focusing on legislative priorities regarding existing laws, including Chapter 40B, the Community Preservation Act and Chapter 40S and proposed affordable housing legislation. Included in this year’s legislative housing agenda, among other initiatives, are An [...]

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10 Apr

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $21MM loan for the benefit of Cruz Development Corporation.  Boston Private purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and development of Wayne at Bicknell, the 4th phase of a 5-phase project that in total will restructure and renovate Wayne Apartments, a 349 unit scattered site complex located on 26 scattered sites [...]

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10 Apr

REBA HOSTS WORKFORCE HOUSING FORUM

On November 30, 2016, Kurt James of KJP and Beth Elliott, General Counsel at Massachusetts Housing Finance Agency, Co-Chairs of the Real Estate Bar Association (REBA) Affordable Housing Committee, moderated a panel discussion focusing on the newly enacted Workforce Housing Production Trust Fund Program. Our discussion focused on the fact that Massachusetts continues to suffer from a lack of affordable housing for working families.  Further, Gateway Cities have commercial and industrial core areas suffering from neglect, a lack of investment [...]

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