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 related matters, to review and facilitation of the submission of
HUD evidentiaries.
In addition to the Old Colony project, our partners represented the BHA in connection with the redevelopment of the Washington Beech project, which involved the demolition of 266 existing units and creation of 206 new rental units and occurred in two phases to accommodate the relocation and re-housing of existing residents. The redevelopment cost approximately $100 million, with $20 million provided through federal HOPE VI funds and $10 million through federal American Recovery and Reinvestment Act funding, as well as a variety of public lenders.