Congratulations to the Housing Corporation of Arlington in closing the Downing Square Initiative, which will finance the demolition and reconstruction of buildings located at 117 Broadway, 19R Park Avenue, and 0 Lowell Street, Arlington, Massachusetts. Through financing from The Property and Casualty Initiative, LLC, Leader Bank, N.A., and several public lenders, the Downing Square Initiative will create 48 units of affordable housing for the residents of the town of Arlington.
Congratulations to Boston Private Bank & Trust Company in closing a $2,000,000 loan for the benefit of Reconnecting McDowell, Inc. The proceeds of the loan will finance the construction of a 27,776 square foot mixed-use residential and office building including 16 affordable housing units at 9 Wyoming Street, Welch, West Virginia. These 16 units will provide housing for local public school teachers, allowing them to live in the communities they serve.
Congratulations to Boston Private Bank & Trust Company in closing a $25MM loan for the benefit of 61 Park LLC, an affiliate of the Brookline Housing Authority. Boston Private purchased tax exempt bonds from Massachusetts Housing Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and rehabilitation of Arthur O’Shea House, which shall provide 99 units of affordable rental housing for families living in the town of Brookline, Massachusetts.
Congratulations to Just-A-Start on the ceremonial groundbreaking for Squirrelwood Apartments, which will provide a total of 78 affordable residential units at 40 and 54 Market Street, 200, 204, 210 Columbia Street, 261-263, 265, 267, and 269 Broadway, 1-6 Linwood Place, 8-12 and 17 Boardman Street, Cambridge, Massachusetts. On May 16, 2019, Massachusetts Housing Partnership Fund Board, a Massachusetts public instrumentality and body politic and corporate, acting for itself and as agent for the following lenders: The Commonwealth of Massachusetts, [...]
Congratulations to Traggorth Companies LLC on the ceremonial ribbon cutting for Residences at Fairmount Station, a new 27-unit affordable residential building adjacent to the Fairmount Commuter Rail Station at 11 Nott Street, Hyde Park, Massachusetts. On July 21, 2017, the Commonwealth of Massachusetts, acting by and through the Department of Housing and Community Development under the Affordable Housing Trust Fund Statute, the Community Economic Development Assistance Corporation, the City of Boston, and the Massachusetts Housing Partnership Fund Board, acting [...]
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 [...]
KJP represented 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 [...]
KJP Partners represents a non-profit community development corporation in acquiring and financing the development of a 60 unit Chapter 40B multifamily elderly housing project in Wenham, Massachusetts including low income housing tax credits, One Source construction/permanent financing and local HOME, CPA and AHT funds.
KJP Partners represented the federal and state historic tax credit investor in the joint venture development of a historic residential rental housing project, with supportive services, for homeless veterans in Brockton, Massachusetts.
Our partners represented a national bank in providing a New Markets Tax Credit leveraged loan to assist in financing a mixed use retail and live/work artist studio facility located on the Los Angeles River in the Elysian Valley neighborhood of Los Angeles, California.