Projects: Public Financing

Glen Street Condominiums – Somerville, Massachusetts

Nolan Sheehan Patten represented the City of Somerville in connection with an approximately $3,000,000 loan to Somerville Community Corporation. The financing will be used to build 11 homeownership condominium units, 8 of which will be restricted as affordable units.  The …

Paris Village – East Boston, Massachusetts

Nolan Sheehan Patten represented the developer EBCDC Inc. in connection with the development of 32 units of affordable housing in East Boston.  Financing sources included loans from Citizens Bank, the City of Boston, DHCD, AHT and MHP, together with tax …

Sachem’s Path – Nantucket, Massachusetts

Nolan Sheehan Patten represented the Massachusetts Department of Housing and Community Development and the Massachusetts Affordable Housing Trust Fund on an affordable homeownership development known as Sachem’s Path on Nantucket, MA developed by Housing Assistance Corporation of Cape Cod.  The …

Memorial Square Apartments, Springfield, Massachusetts

NSP represented a consortium of public lenders providing $2,800,000 in subordinate financing for the rehabilitation of 56 units of affordable housing in downtown Springfield. The loan included funds provided by the Housing Stabilization Fund, the Affordable Housing Trust Fund, the …

Island Creek Village North – Duxbury, Massachusetts

Island Creek Village North is comprised of two phases of new construction that will create 120 units of affordable senior housing and 94 units of affordable family housing as part of the larger development of Island Creek Village in Duxbury, …

Dalton Apartments – Pittsfield, Massachusetts

Nolan Sheehan Patten represented the Affordable Housing Trust Fund and the Housing Stabilization Fund in connection with an aggregate $2 million loan for the substantial rehabilitation of a 100 unit family rental housing development.  It will preserve affordable housing in …

Cass Street Veterans Housing – Springfield, Massachusetts

The Cass Street Veterans Housing project will create 19 new studio apartments for extremely low-income veterans who are experiencing homelessness. Supportive services will be available within the project through a resident manager and the adjacent Veterans Outreach Center. The supportive …

Chapman Arms – Cambridge, Massachusetts

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Our attorneys represented Homeowner’s Rehab, Inc., a Cambridge-based non-profit housing developer, in the acquisition and financing of Chapman Arms, a 50-unit building with 10,000 square feet of commercial space located in Harvard Square ground-leased from Harvard University.  Homeowner’s Rehab, Inc. …

Boott Mill West – Lowell, Massachusetts

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Boott Mill West is an adaptive re-use of a vacant, historic mill in Lowell, which created 78 mixed-income family units, of which 16 will be affordable. The project included substantial rehabilitation of the northwest quadrant of the historic Boott Cotton

Magazine Commons – Springfield, Massachusetts

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The Magazine Commons project is a new 16-unit facility for persons with chronic mental illness that will replace the Springfield House project that was destroyed by the June 1, 2011 tornado. The project consists of a newly constructed wood frame

Main Street, Oxford – Oxford, Massachusetts

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The Main Street, Oxford renovation comprises 16 units of single occupancy housing with four shared bathrooms, a common kitchen and an accessible first floor with two designated accessible units. The building, originally constructed in 1830 as a residence, was previously

Heywood Wakefield IV – Gardner, Massachusetts

 

Heywood Wakefield IV is the fourth and final phase of the historic rehabilitation and adaptive reuse of the Heywood Wakefield mill complex in downtown Gardner, and comprises 55 new units of affordable housing. The original Chapter 40B Comprehensive Permit

Oxford Ping On – Boston, Massachusetts

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Oxford Ping On comprises 66 new rental housing units plus one manager’s unit in the Chinatown district of Boston at 10 Oxford Street. The building to be constructed will be 10 stories plus a mechanical penthouse. Nolan Sheehan Patten served …

Worcester Loomworks Phase 1 – Worcester, Massachusetts

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Together with Phase 2, both portions of this project comprise 94 rental housing units to be constructed simultaneously, all of which will be affordable. Phase 1 includes 39 units funded in part by tax-exempt bond financing and 4% Low Income

Worcester Loomworks Phase 2 – Worcester, Massachusetts

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Together with Phase 1, both portions of this project comprise 94 rental housing units to be constructed simultaneously, all of which will be affordable. Phase 2 includes 55 units funded in part by 9% Low Income Housing Tax Credits.  The

1501 Commonwealth Avenue – Boston, Massachusetts

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Nolan Sheehan Patten represented the City of Boston Neighborhood Housing Trust with a $500,000 grant to Brighton Partnership for Community Redevelopment LLC in connection with razing a vacant, rundown former nursing home and the construction of a condominium project. The …

Marion Village Estates – Marion, Massachusetts

Nolan Sheehan Patten represented various public lenders, including DHCD and AHT in $2,715,000 of financing for the construction of Marion Village Estates, a 40B project in Marion, MA.  Once constructed, the project will provide 60 units of affordable housing.  The …

St. Kevin’s and Uphams Corner – Dorchester, Massachusetts

Nolan Sheehan Patten represented various public lenders, including DHCD, in connection with over $11,000,000 in financing for the redevelopment of the former St. Kevin’s Church and School.  The project will provide 80 units of mixed-income affordable workforce housing and will …

Counting House Lofts – Lowell, Massachusetts

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The Counting House Lofts project consists of the adaptive re-use of an historic and elegant brick mill building into 52 units of family rental housing, including 29 one-bedrooms, 6 bedrooms with dens and 17 two-bedrooms. 50% of the units are

Residences at Centre and Main Phase 1B East Wing – Brockton, Massachusetts

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Together with Phase 1A, both portions of this project comprise 113 rental housing units, with 42 market rate units, 29 affordable workforce apartments and another 42 reserved as artist live/work space. The Residences at Centre and Main project is part

Residences at Centre and Main Phase 1A West Wing – Brockton, Massachusetts

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Together with Phase 1B, both portions of this project comprise 113 rental housing units, with 42 market rate units, 29 affordable workforce apartments and another 42 reserved as artist live/work space. The Residences at Centre and Main project is part

Outing Park Apartments I – Springfield, Massachusetts

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Outing Park Apartments I entails the rehabilitation of 9 buildings and 94 apartments including bathrooms, kitchens, windows, ventilation, high efficiency boilers, new roofs and fire escapes and a fire alarm upgrade. The project also includes improvements such as sidewalks, streetlights, …

Northampton Tower – Boston, Massachusetts

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The Northampton Tower complex was built between 1969 and 1973 to house the Boston City Hospital School of Nursing. The Boston Public Health Commission (“BPHC”) acquired the site in 1996 and in 2010, Trinity Financial was selected by BPHC to …

The Coolidge at Sudbury – Sudbury, Massachusetts

On what was once a six-acre greenhouse operation in the 1800s, The Coolidge at Sudbury will soon become new apartment homes for active seniors and older adults aged 55 and over.  Expecting its first residents in 2014, the Coolidge at …

Generations Family Health Center – Willimantic, Connecticut

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We worked with our client, Massachusetts Housing Investment Corporation (MHIC), to structure a two-phase financing for the construction of a Federally Qualified Health Center in Willimantic, Connecticut. In the first phase, we created a structure to allow the sponsor, Generations …