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 [...]
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 [...]
Congratulations to Weston Associates in closing a federal and state historic tax credit investment in Howard House, a joint venture redevelopment of a historic residential rental housing project with supportive services for homeless veterans in Brockton, Massachusetts.
KJP Partners, MassHousing and Citizens’ Housing and Planning Association (CHAPA) cohosted a brownbag lunch forum to discuss the proposed Massachusetts Housing Donation Tax Credit. Our guest speakers were Aaron Gornstein, President and CEO, W. Bart Lloyd, Managing Director, Acquisitions and General Counsel, and Andrew Spofford, Chief of Staff of Preservation of Affordable Housing, Inc. (POAH) and Steven L. Paul, Partner at Klein Hornig LLP. Massachusetts needs thousands more affordable housing units to meet the needs of its current residents, [...]
Kurt James and Julie Peabody cofounded KJP Partners LLP with a mission of providing legal services of unsurpassed quality at reasonable expense so as to provide the highest value to its clients. Previously, Mr. James practiced as a Director and Chairman of the Affordable Housing and Community Development Practice Group at Rackemann, Sawyer & Brewster, P.C., as a partner at Sherin and Lodgen LLP, and as an associate at Choate, Hall & Stewart in Boston. Previously, Ms. Peabody practiced [...]