Our partners represented a national bank in providing tax exempt bond financing for the acquisition, financing and development of a 40,000 square foot campus building for students grade K-8 in New Bedford, Massachusetts.
Our partners represented a national bank in providing tax exempt bond financing for the acquisition, financing and redevelopment of a 30,000 square foot campus building focusing on media and technology for students grade 9-12 in Allston, Massachusetts. This was one of the first facilities in Boston to utilize Qualified Zone Academy Bonds.
Our partners represented a charter school in acquiring, financing and development a 50,000 square foot campus building for students grades 6-12 in Hyde Park, Massachusetts with tax exempt bonds.
Our partners represented a national bank in structuring the purchase of tax exempt bonds to provide a New Markets Tax Credit leverage loan to finance the development of a community health center in Roxbury, Massachusetts. The financing involved a guaranty from the Health Resources and Services Administration (HRSA).
Our partners represented a member-based religious non-profit organization in its merger with and into another organization, facilitating the sale of the entity’s real estate, working with the board and constituents to obtain all needed approvals, including the membership and Attorney General’s approval under M.G.L. c. 180, Sec. 8A(c) through the cy pres process, and modification of donor imposed restrictions in order to ensure the proper disposition of assets of the entity.
Our partners represented a local non-profit community development corporation in its successful merger with another community development corporation resulting in the formation of a regional community development organization serving the North Shore, including drafting and negotiation of merger agreements, evaluation of the parties’ portfolios and other diligence, and advising the client with obtaining all needed consents and approvals to effectuate the merger.
Our partners represented a consortium of state insurance companies in providing mezzanine financing for the development of Parcel 24 in Boston’ s Chinatown as a 10-story, 95-unit Low Income Housing Tax Credit development with 4,800 square foot of first floor commercial space as part of a mixed income project including a 217-unit market rate rental building, a 135-space underground parking garage and a 13,000 square foot park.
Congratulations to Weston Associates in closing a federal and state historic tax credit investment in Howard House, a joint venture redevelopment of a historic residential rental housing project with supportive services for homeless veterans in Brockton, Massachusetts.
Congratulations to Weston Associates in closing a federal and state historic tax credit investment in Howard House, a joint venture redevelopment of a historic residential rental housing project with supportive services for homeless veterans in Brockton, Massachusetts.
KJP Partners, MassHousing and Citizens’ Housing and Planning Association (CHAPA) cohosted a brownbag lunch forum to discuss the proposed Massachusetts Housing Donation Tax Credit. Our guest speakers were Aaron Gornstein, President and CEO, W. Bart Lloyd, Managing Director, Acquisitions and General Counsel, and Andrew Spofford, Chief of Staff of Preservation of Affordable Housing, Inc. (POAH) and Steven L. Paul, Partner at Klein Hornig LLP. Massachusetts needs thousands more affordable housing units to meet the needs of its current residents, [...]
