Tax Credit/Bond Transactions

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).

CAMBRIDGE HOUSING AUTHORITY

Our partners represented a national bank in providing tax exempt bond financing to assist the Cambridge Housing Authority in refinancing and restructuring hundreds of public housing units through various federal funding programs including the Rental Assistance Demonstration (RAD) Program and the American Recovery and Reinvestment Act (ARRA) Program.