Projects: Community Development Entity

Mill 19 — Pittsburgh, Pennsylvania

Nolan Sheehan Patten represented Pittsburgh Urban Initiatives in connection with the $80 million multi-phase renovation of the Mill 19 project in the Hazelwood Green neighborhood of Pittsburgh, Pennsylvania.  Mill 19 is a 264,000 square foot former steel mill building and …

Ronald McDonald House – Akron, Ohio

Nolan Sheehan Patten represented Development Fund of the Western Reserve, Inc. in closing the NMTC transaction, which consisted of QLICI loans to the project sponsor Children’s Family Care, Inc. in connection with the expansion of the Ronald McDonald House of …

Benson Woodworking, Inc./Unity Building Technologies, Inc. – Keene, New Hampshire

Nolan Sheehan Patten represented Massachusetts Housing Investment Corporation and Vermont Rural Ventures in connection with the structuring and closing of $8,332,312 in New Markets Tax Credit financing. The project, by means a Qualified Active Low-Income Community Business, is using the …

Chroma Technology Corp. – Bellows Falls, Vermont

Nolan Sheehan Patten represented the CDE lenders in connection with a $21.5 million loan to finance a 36,800 sq. ft. renovation and expansion of  Chroma Technology Corp.’s optical manufacturing facility in Bellows Falls, Vermont.  The project is expected to create …

Women’s Center and Shelter – Pittsburgh, Pennsylvania

Nolan Sheehan Patten represented a CDE lender in connection with a $7.2 million loan to finance the expansion of an emergency center for women and children who have been victims of domestic violence.  The organization also provides support services such …

Lincoln Electric – Cleveland, Ohio

Nolan Sheehan Patten represented the Development Fund of the Western Reserve’s community development entity (CDE) in delivering $5,000,000 of NMTC investment to finance the development of a 120,000 square foot welding and technology training center in Cleveland, Ohio.  Lincoln Electric …

Lowell Community Health Center – Lowell, Massachusetts

Nolan Sheehan Patten represented Community Health Center Capital Fund, Inc. in connection with a $23 million NMTC financing for the Lowell Community Health Center.  The project involved the rehabilitation and adaptive reuse of an approximately 64,000 square foot historic mill

Worcester Telegram and Gazette – Worcester, Massachusetts

Nolan Sheehan Patten represented three separate CDEs in providing approximately $30,000,000 in QLICI loans, the proceeds of which were used for the historic rehabilitation of this approximately 135,000 square foot, 5 building complex previously known as the Worcester Telegram and …

Boston Youth Hostel – Boston, Massachusetts

Boston Youth Hostel

Boston Youth Hostel

Nolan Sheehan Patten represented two of the three community development entities (CDEs) in this $36 million financing which combined the New Markets Tax Credit and Historic Tax Credit programs. We advised both Massachusetts Housing Investment Corporation (MHIC) …

Donald T. Erwin Community Health Center – New Orleans, LA

Donald T. Erwin Community Health Center

Nolan Sheehan Patten represented a subsidiary Community Development Entity (CDE) of Capital Link, Inc. in this twinned New Markets Tax Credit and Federal Historic Tax Credit transaction.  The structure leveraged the proceeds of grants from the Kresge Foundation and the …

Eustis Street Firehouse – Roxbury, Massachusetts

Eustis Street Fire House

Eustis Street Fire House

The oldest firehouse in Boston, the Eustis Street Firehouse was abandoned in the 1950s and fell into serious disrepair, requiring wooden braces and threatening collapse prior to construction. Given its history, however, the building remained important …