Community Development

25 Apr

THE IPSWICH HOUSING AUTHORITY, IN A JOINT VENTURE WITH HARBORLIGHT COMMUNITY PARTNERS, INC., FINANCES THE RENOVATION OF AN FHA-INSURED MULTIFAMILY SUPPORTIVE AFFORDABLE HOUSING PROJECT FOR SENIORS AND FAMILIES IN IPSWICH

Congratulations to the Ipswich Housing Authority and Harborlight Community Partners, Inc. in closing the financing of Agawam Village, which will finance the renovation of a multifamily affordable housing project at 95 County Road a/k/a 2-52 Agawam Village in Ipswich. Through financing from US Department of Housing and Urban Development through Lument Real Estate Capital, LLC and the sale of tax-exempt bonds issued by Massachusetts Development Finance Agency, Agawam Village will provide 94 units of affordable housing for seniors, families, [...]

Affordable Housing, Community Development, MultiFamily Housing, News & Events, Non-Profit Organizations, Tax Credit/Bond Transactions Read more...
10 Nov

METRO NORTH HOUSING CORP, IN COLLABORATION WITH BREAD OF LIFE, INC, FINANCES THE ACQUISITION AND FINANCING OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT AND FOOD  PANTRY IN MALDEN

Congratulations to Metro North Housing Corp. in closing the financing of Unit 2 of the 54 Eastern Malden Condominium Trust, which will finance the construction of a multifamily affordable housing project at 54 Eastern Avenue in Malden. Through financing from Eastern Bank and several public lenders, Unit 2 of the Eastern Malden Condominium Trust will create 14 units of affordable housing for formerly homeless and extremely low income residents, while Bread of Life, Inc. will operate Unit 1 as [...]

Affordable Housing, Community Development, MultiFamily Housing, News & Events, Non-Profit Organizations Read more...
03 Dec

EASTERN BANK CLOSES $2.2MM LOAN TO PROVIDE SUPPORTIVE HOUSING IN QUINCY

Congratulations to Eastern Bank in closing a $2.2MM loan for the benefit of Neighborhood Housing Services of the South Shore, Inc.  The proceeds of the loan will finance the construction of Lower Winter Street Apartments at 54 Winter Street (aka 54-64 Winter Street), Quincy, Massachusetts. Lower Winter Street Apartments will provide 18 supportive housing units for individuals who are either homeless or at extreme risk of homelessness in the City of Quincy. 

Affordable Housing, Community Development, News, News & Events, Non-Profit Organizations, Projects Read more...
21 Dec

BOSTON PRIVATE BANK CLOSES $2MM LOAN TO PROVIDE HOUSING FOR TEACHERS IN WEST VIRGINIA

Congratulations to Boston Private Bank & Trust Company in closing a $2,000,000 loan for the benefit of Reconnecting McDowell, Inc. The proceeds of the loan will finance the construction of a 27,776 square foot mixed-use residential and office building including 16 affordable housing units at 9 Wyoming Street, Welch, West Virginia. These 16 units will provide housing for local public school teachers, allowing them to live in the communities they serve.

Affordable Housing, Community Development, News, News & Events, Projects Read more...
17 Apr

KJP PARTNERS LLP FACILITATES COMPLEX GENERAL PARTNER INTEREST ACQUISITIONS

Congratulations to the fantastic team involved in completing the prodigious closing of 19 General Partner Interest acquisitions, relating to 19 separate affordable housing multi-family complexes spanning three states. Bellemont Gardens, Campbell Place, Carlyle Place, Columbus Heights Subdivision, The Gates at Biloxi, The Gates at Coralbay, The Gates at Riverchase, The Grove Apartments, Hallmark Gardens, Hargrove Estates, Holly Hills, Lakeview Subdivision, Meadowbrook Subdivision, Northbrook Apartments, Oak Ridge Apartments, Point Place Apartments, Stratford Manor, Valley Park Subdivision, and Windsor Place serve their [...]

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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, [...]

Community Development, Featured, News, News & Events, Non-Profit Organizations, Projects, Tax Credit/Bond Transactions Read more...
13 May

COMMUNITY SERVINGS

Our partners represented a national bank in creating a taxable loan for a local food service organization to finance, acquire and develop a facility which prepares and delivers meals to individuals and families who are homebound and living with critical and chronic illnesses.

Community Development, Healthy Foods Read more...