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.
Pittsburgh Children’s Museum – Pittsburgh, Pennsylvania
Nolan Sheehan Patten represented Pittsburgh Urban Initiatives in connection with the renovation of the vacant 18,000 square foot Carnegie Library Building adjacent to the Pittsburgh Children’s Museum in Allegheny County. Expanding the Museum footprint will make the Children’s Museum the largest cultural campus for children in the U.S, and the project will likely have employment and value-added effects throughout the region, not limited to Allegheny County. The cost of the project is estimated at $18 million for the construction phase of the project.
© Children’s Museum of Pittsburgh
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 The Boston Conservatory to the NMTC investment fund. A nonprofit supporting corporation was formed by The Boston Conservatory to own the facility.