Projects

24 Aug

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $25MM loan for the benefit of 90 Longwood LLC, an affiliate of the Brookline Housing Authority. Boston Private purchased tax exempt bonds from Massachusetts Housing Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and rehabilitation of Morse Apartments, which shall provide 98 units of affordable rental housing for families living in the town of Brookline, Massachusetts.

Affordable Housing, MultiFamily Housing, News, News & Events, Projects, Tax Credit/Bond Transactions Read more...
04 Mar

HOUSING CORPORATION OF ARLINGTON FINANCES DOWNING SQUARE INITIATIVE

Congratulations to the Housing Corporation of Arlington in closing the Downing Square Initiative, which will finance the demolition and reconstruction of buildings located at 117 Broadway, 19R Park Avenue, and 0 Lowell Street, Arlington, Massachusetts. Through financing from The Property and Casualty Initiative, LLC, Leader Bank, N.A., and several public lenders, the Downing Square Initiative will create 48 units of affordable housing for the residents of the town of Arlington.

Affordable Housing, News, News & Events, 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...
02 Nov

BOSTON PRIVATE BANK CLOSES TAX EXEMPT BOND FINANCING

Congratulations to Boston Private Bank & Trust Company for closing a $12,000,000 loan for the benefit of Friends of Excel Academy Charter Schools, 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 construction of a 19,700 square foot middle school building located at 375 Bremen Street, East Boston, Massachusetts. The new middle school will include classrooms, offices, support rooms, and related [...]

Charter Schools, News, News & Events, Projects Read more...
01 Aug

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $25MM loan for the benefit of 61 Park LLC, an affiliate of the Brookline Housing Authority. Boston Private purchased tax exempt bonds from Massachusetts Housing Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and rehabilitation of Arthur O’Shea House, which shall provide 99 units of affordable rental housing for families living in the town of Brookline, Massachusetts.

Affordable Housing, MultiFamily Housing, News, News & Events, Projects, Tax Credit/Bond Transactions Read more...
09 May

GROUNDBREAKING CEREMONY FOR SQUIRRELWOOD APARTMENTS

Congratulations to Just-A-Start on the ceremonial groundbreaking for Squirrelwood Apartments, which will provide a total of 78 affordable residential units at 40 and 54 Market Street, 200, 204, 210 Columbia Street, 261-263, 265, 267, and 269 Broadway, 1-6 Linwood Place, 8-12 and 17 Boardman Street, Cambridge, Massachusetts. On May 16, 2019, Massachusetts Housing Partnership Fund Board, a Massachusetts public instrumentality and body politic and corporate, acting for itself and as agent for the following lenders: The Commonwealth of Massachusetts, [...]

Affordable Housing, News, News & Events, Non-Profit Organizations, Projects Read more...
15 Nov

RIBBON CUTTING CEREMONY FOR RESIDENCES AT FAIRMOUNT STATION

Congratulations to Traggorth Companies LLC on the ceremonial ribbon cutting for Residences at Fairmount Station, a new 27-unit affordable residential building adjacent to the Fairmount Commuter Rail Station at 11 Nott Street, Hyde Park, Massachusetts. On July 21, 2017, the Commonwealth of Massachusetts, acting by and through the Department of Housing and Community Development under the Affordable Housing Trust Fund Statute, the Community Economic Development Assistance Corporation, the City of Boston, and the Massachusetts Housing Partnership Fund Board, acting [...]

Affordable Housing, News, News & Events Read more...
25 Jul

THE PROPERTY AND CASUALTY INITIATIVE CLOSES NEW MARKETS TAX CREDIT TRANSACTION

Congratulations to the Property and Casualty Initiative on closing a $4 MM and $6.5 MM loans for the benefit of Community Servings, Inc, a charitable corporation that provides hot meals to area residents with acute life-threatening illnesses, as well as their families and caregivers. This complex transaction, which involved many dedicated parties, will support the improvement and expansion of Community Serving’s location at 18 Marbury Place in Boston. These improvements include the refinancing of debt associated with the earlier [...]

Healthy Foods, News, News & Events 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 [...]

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