News

KJP PARTNERS LLP FACILITATES COMPLEX GENERAL PARTNER INTEREST ACQUISITIONS

Congratulations to the fantastic team involved in completing the prodigious closing of 19 General Partner Interest acquisitions, relating to 19 separate affordable housing multi-family complexes spanning three states. Bellemont Gardens, Campbell Place, Carlyle Place, Columbus Heights Subdivision, The Gates at Biloxi, The Gates at Coralbay, The Gates at Riverchase, The Grove Apartments, Hallmark Gardens, Hargrove Estates, Holly Hills, Lakeview Subdivision, Meadowbrook Subdivision, Northbrook Apartments, Oak Ridge Apartments, Point Place Apartments, Stratford Manor, Valley Park Subdivision, and Windsor Place serve their [...]

REBA HOSTS PUBLIC HOUSING AUTHORITY FORUM

On March 28, 2018, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the financing opportunities and challenges faced by public housing authorities in developing and preserving affordable housing. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on these opportunities and challenges as well as the outlook on public housing authority funding in the future. Public Housing Authorities have historically faced challenges in making necessary capital improvements [...]

BOSTON BAR ASSOCIATION HOSTS FUNDAMENTALS OF AFFORDABLE HOUSING FINANCE CLE

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 [...]

BOSTON PRIVATE BANK CLOSES TAX EXEMPT BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $27MM loan for the benefit of Young Men's Christian Association of Metro North, Inc. Boston Private purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the purchase and construction of a new Lynn YMCA, a project that will construct and furnish a new 68,900 square foot YMCA facility located at 20 Neptune Boulevard in Lynn, [...]