Projects: Community Center

Artists for Humanity – Boston, Massachusetts

Nolan Sheehan Patten represented MassDevelopment in connection with an $11 million NMTC financing for the expansion of the Artists for Humanity headquarters. Bank of America was the investor and this project qualified using the targeted populations regulations. Artists for Humanity is a charitable organization whose mission is to bridge economic, racial and social divisions by providing urban youth with the keys to self-sufficiency through paid employment through art and design and through entrepreneurship and work force opportunities.

Sitkowski School Apartments – Webster, Massachusetts

Nolan Sheehan Patten represented the investor Massachusetts Housing Equity Fund (“MHEF”) in connection with the rehabilitation of an historic, decommissioned school. All historic elements will be maintained, or enhanced, with the addition of new parking areas, landscaping and streetscape improvements. The complex will have 66 units of affordable senior housing and a community/senior center. MHEF invested over $9 million in LIHTC and HTC equity.

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

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 Louisiana Primary Care Association, a loan from the State of Louisiana’s Office of Community Development, and equity from First NBC Bank through the CDE to provide over $7,000,000 in qualified low income community investment loans to an affiliate of the St. Thomas Community Health Center in New Orleans, Louisiana. St. Thomas used these funds to acquire, rehabilitate and retrofit a well-known historic building in downtown New Orleans into the Donald T. Erwin Community Health Center, an urban health center primarily serving uninsured and underrepresented low-income populations.

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