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 project involved both an Affordable Housing Trust Fund loan and a Housing Stabilization Fund loan. The project is a 40-unit subdivision permitted under the Massachusetts Comprehensive Permit Law, M.G.L. c.40B, with units affordable to households earning 80%, 100% and 150% of area median income. The State funding sources are assisting the units available to households at 80% and 100% of median income.
Practice Areas: Low-Income Housing Tax Credits, Public Financing