News & Events

25 Jul

THE PROPERTY AND CASUALTY INITIATIVE CLOSES NEW MARKETS TAX CREDIT TRANSACTION

Congratulations to the Property and Casualty Initiative on closing a $4 MM and $6.5 MM loans for the benefit of Community Servings, Inc, a charitable corporation that provides hot meals to area residents with acute life-threatening illnesses, as well as their families and caregivers. This complex transaction, which involved many dedicated parties, will support the improvement and expansion of Community Serving’s location at 18 Marbury Place in Boston. These improvements include the refinancing of debt associated with the earlier [...]

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17 Apr

REBA HOSTS LEGISLATIVE FORUM

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 [...]

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17 Apr

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 [...]

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02 Apr

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 [...]

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02 Apr

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 [...]

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15 Mar

REBA HOSTS HOUSING CHOICE FORUM

On February 14, 2018, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the new Housing Choice Initiative and related legislation. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on the likely impact of this legislation and the procedures for obtaining a Housing Choice designation and grant funds. The Housing Choice Initiative rewards municipalities that have produced certain rate or amounts of new housing units in the [...]

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15 Mar

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, [...]

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15 Mar

REBA HOSTS PROPERTY DISPOSITION INITIATIVES AND AFFORDABLE HOUSING LOAN FORUM

On November 15, 2017, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the City of Boston’s new property disposition initiatives and affordable housing loan programs. Co-Chairs Kurt James of KJP and Carol McIver of MassHousing moderated a panel discussion on the Mayor’s plans for the upcoming year under the leadership of Sheila Dillon, Cabinet Chief of Housing and Director the Department of Neighborhood Development (DND). As a member of Mayor Walsh’s Cabinet, [...]

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10 Apr

REBA HOSTS LEGISLATIVE FORUM

On March 24, 2017, the Real Estate Bar Association (REBA) Affordable Housing Committee hosted a brownbag lunch forum to discuss the Commonwealth’s legislative housing agenda for 2017-2018. Co-Chairs Kurt James of KJP and Beth Elliott, General Counsel at Massachusetts Housing Finance Agency, moderated a panel discussion focusing on legislative priorities regarding existing laws, including Chapter 40B, the Community Preservation Act and Chapter 40S and proposed affordable housing legislation. Included in this year’s legislative housing agenda, among other initiatives, are An [...]

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10 Apr

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $21MM loan for the benefit of Cruz Development Corporation.  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 acquisition and development of Wayne at Bicknell, the 4th phase of a 5-phase project that in total will restructure and renovate Wayne Apartments, a 349 unit scattered site complex located on 26 scattered sites [...]

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