MultiFamily Housing

CONCORD SQUARE PLANNING & DEVELOPMENT FINANCES THE CONSTRUCTION OF 40R PROJECT IN BROCKTON

Congratulations to Concord Square Planning & Development, Inc. in closing the financing of the construction of the Anglim Building at 93 Centre Street in Brockton, Massachusetts. Through financing from Silicon Valley Bank, Massachusetts Housing Investment Corporation, and PM 2006 Massachusetts Historic Tax Credit Fund, LLC, among others, Concord Square Planning & Development will create 11 affordable rental units for the residents of Brockton.

SILICON VALLEY BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Silicon Valley Bank in closing a $7MM loan for the benefit of NHS Copley Gardens LLC, an affiliate of Neighborhood Housing Services of the South Shore, Inc. Silicon Valley Bank purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the lease of the land and the rehabilitation of Copley Gardens, located at 105-115 Market Street, Rockland, Massachusetts. Copley Gardens will provide 72 affordable housing [...]

COALITION FOR A BETTER ACRE, INC. FINANCES ACQUISITION AND REHABILIATION OF HISTORIC DRACUT CENTRE SCHOOL

Congratulations to Coalition for a Better Acre, Inc. in closing the financing of Dracut Centre School, which will finance the rehabilitation of the historic school building located at 11 Spring Park Avenue in Dracut. Through financing from Pentucket Bank and several public lenders, Dracut Centre School will create 9 units of affordable housing for the residents of the town of Dracut.

LIFE INSURANCE COMMUNITY INVESTMENT INITIATIVE CLOSES $10.1MM LOAN TO FINANCE A MIXED-USE DEVELOPMENT IN WORCESTER

Congratulations to the Life Insurance Community Investment Initiative in closing a $10.1MM loan for the benefit of 92 Grand Street Commons LLC, an affiliate of Main South Community Development Corporation.  The proceeds of the loan will finance the acquisition and development of a mixed-use development known as Grand Street Commons at 92 Grand Street, Worcester, Massachusetts. The project will reclaim a vacant, blighted 95,000 sq ft lot located in Main South’s University Park neighborhood and provide 46 affordable residential [...]

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 made the proceeds from the sale of the bonds available to finance the acquisition and renovation of Cabot House in Beverly, Massachusetts. Cabot House will provide 67 affordable housing units for residents of the city of Beverly.

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Boston Private Bank & Trust Company in closing a $25MM loan for the benefit of 90 Longwood 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 Morse Apartments, which shall provide 98 units of affordable rental housing for families living in the town of Brookline, Massachusetts.

BOSTON PRIVATE BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

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.