News & Events

BOSTON BAR ASSOCIATION HOSTS FUNDAMENTALS OF AFFORDABLE HOUSING FINANCE CLE

by | Apr 2, 2018 | events, News, News & Events

On March 26, 2018, Julie Peabody of KJP, as co-chair of the Real Estate Finance Committee of the Boston Bar Association, co-hosted a panel with the Affordable Housing Committee on the Fundamentals of Affordable Housing Finance at the BBA. The program provided attendees with an overview of the basic structure, elements and challenges of financing affordable housing projects.

The panel discussed a variety of methods of obtaining funding for affordable housing projects, including state and federal lending programs, low-income tax credits and other credits as well as participation by conventional lenders. Speakers also focused on the current political and legislative climate and its impact on the financing of affordable housing.

The panelists at this event were Kimberly L. Martin-Epstein of Hackett Feinberg P.C., Beth Elliot of MassHousing, Rebecca Frawley Wachtel of the Department of Housing and Community Development, Rick Muraida of the Rockland Trust Company, Patty DeAngelis of Murtha Cullina LLP and former General Counsel to the Massachusetts Development Finance Agency, and Jonathan Klein of The Community Builders, Inc.

GROUNDBREAKING CEREMONY FOR HAYWOOD HOUSE

Congratulations to the Newton Housing Authority on the ceremonial groundbreaking for Haywood House, a 55-unit affordable residential building for seniors at 111 JFK Circle Newton, Massachusetts. On April 27, 2021, the following lenders provided loans in the aggregate...

MARION VILLAGE ESTATES REFINANCES FHA-INSURED AFFORDABLE HOUSING

Congratulations to Marion Village Estates LLC in closing a $3,832,200.00 loan from ORIX Real Estate Capital, LLC in order to refinance the property at Front Street in Marion, Massachusetts. Marion Village Estates provides 60 units of affordable rental housing to the...

GROUNDBREAKING CEREMONY FOR DRACUT CENTRE SCHOOL

Congratulations to Coalition for a Better Acre, Inc. on the ceremonial groundbreaking for Dracut Centre School, a new 9-unit affordable residential building in the historic school building at 11 Spring Park Avenue, Dracut, Massachusetts. On April 15, 2021, Coalition...

EASTERN BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Eastern Bank in closing a $10.5MM loan for the benefit of Cabot Housing LLC, an affiliate of the Young Men’s Christian Association of the North Shore, Inc. Eastern Bank purchased tax exempt bonds from Massachusetts Development Finance Agency and...