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 NMTC financing to purchase and renovate a manufacturing facility in Keene, NH, which will ultimately be used to assemble pre-fabricated home components. The renovated manufacturing facility will provide approximately 85 new jobs to the local census tract, which has been designated a “low-income community” for purposes of the federal New Markets Tax Credit program.
Practice Area: New Markets Tax Credits