News & Events

REBA HOSTS LEGISLATIVE FORUM

by | Apr 17, 2018 | events, News, News & Events

On April 10, 2018, the Real Estate Bar Association (REBA) Affordable Housing Section hosted a brownbag lunch forum to discuss the Commonwealth’s legislative housing agenda for 2018 – 2019. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on the various budget proposals affecting housing development and financing.

Included in this year’s legislative housing agenda, among other initiatives, are An Act to Promote Housing Choices (the Governor’s Housing Choice Initiative), An Act Financing The Production And Preservation Of Housing For Low And Moderate Income Residents, An Act Relative To Low-Income Housing Tax Credits, An Act Ensuring Affordability In Perpetuity, An Act Relative To Low-Income Housing Eligibility For Disabled Veterans, and An Act Relative To The Massachusetts Rental Voucher.

The guest speakers at this event were Senator Joseph A. Boncore and Representative Kevin G. Honan, Co-Chairs of the Joint Committee on Housing.

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...