Our partners represented a consortium of Massachusetts insurance companies in providing financing for a series of mixed income projects in the Box District in Chelsea utilizing Housing Development Incentive Project (“HDIP”) tax credits for workforce housing and equity from the Healthy Neighborhood Equity Fund (HNEF).
Our partners represented the developer in the financing of a 60 unit Chapter 40B multifamily housing project in Marion, Massachusetts including low income housing tax credits, One Source construction/permanent financing and HOME, HSF and AHT sources from the Commonwealth of Massachusetts.
Our partners represented a non-profit community development corporation in acquiring and financing the redevelopment and conversion of a 34 unit assisted living community in Beverly, Massachusetts utilizing low income housing tax credits and Section 8 operating subsidies.
Our partners represented a non-profit community development corporation in acquiring and financing the redevelopment of a 110 unit elderly HUD 202 community in Beverly, Massachusetts utilizing low income housing tax credits and involving closing one of the first FHA 223(f) pilot projects in Massachusetts.
Our partners represented a national bank in providing tax exempt bond financing to assist the Cambridge Housing Authority in refinancing and restructuring hundreds of public housing units through various federal funding programs including the Rental Assistance Demonstration (RAD) Program and the American Recovery and Reinvestment Act (ARRA) Program.
Our partners represented a consortium of state insurance companies in providing a New Markets Tax Credit leverage loan to finance the development of a community health center in Allston, Massachusetts. The financing involved a guaranty from the Health Resources and Services Administration (HRSA).
Our partners represented a national bank in providing taxable and tax exempt bond financing for various loans leveraging New Markets Tax Credits and Federal Historic Tax Credits to finance three campus facilities for students grades K-8 in Mattapan, Roslindale and Jamaica Plain.