Tax Credit/Bond Transactions

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, [...]

BOSTON HOUSING AUTHORITY

Our partners represented the Boston Housing Authority (BHA) in connection with multiple phases of the re-development of the Old Colony project, a 16.7-acre affordable housing complex along Old Colony Avenue and Columbia Road, which redevelopment has been undertaken by Beacon Communities, in partnership with the BHA. We have advised the BHA on a wide scope of project-related issues relating to the development, ranging from permitting and environmental issues and negotiation of risk allocation in the development agreements and the loan documents, to forming the affiliated entity and [...]

MAPLE WOODS

KJP Partners represents a non-profit community development corporation in acquiring and financing the development of a 60 unit Chapter 40B multifamily elderly housing project in Wenham, Massachusetts including low income housing tax credits, One Source construction/permanent financing and local HOME, CPA and AHT funds.

METROPOLITAN BOSTON HOUSING PARTNERSHIP

KJP Partners represents a regional non-profit social services organization in negotiating the joint venture acquisition, New Markets Tax Credit financing and development of a mixed use transit oriented project in Roxbury which will include a 27,000 square foot headquarters facility for delivering rental assistance, emergency shelter, economic literacy workshops, housing counseling and other services to low-income families.

BOX DISTRICT, CHELSEA

Our partners represented a consortium of Massachusetts insurance companies in providing financing for a series of mixed income projects in the Box District in Chelsea utilizing Housing Development Incentive Project (“HDIP”) tax credits for workforce housing and equity from the Healthy Neighborhood Equity Fund (HNEF).