BOSTON CONSERVATORY

BOSTON, MASSACHUSETTS

Nolan Sheehan Patten represented Massachusetts Housing Investment Corporation in working with Coastal Enterprises, Inc. and Non-profit Finance Fund to structure the financing of a facility to be used as a performing arts school in a low-income neighborhood of Boston. The financing involved use of tax exempt bond proceeds as a source for a leverage loan from The Boston Conservatory to the NMTC investment fund. A nonprofit supporting corporation was formed by The Boston Conservatory to own the facility.

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