Projects: Permitting/Zoning

Putnam Green Apartments – Cambridge, Massachusetts

Furthering the transition of a formerly industrial section of Cambridge into a cohesive residential community, Nolan Sheehan Patten represented Homeowner’s Rehab., Inc. (HRI) in utilizing a ground lease structure to acquire and finance this new, 40-unit, affordable housing complex. The units have been built to satisfy, and are in the process of being certified for, the LEED for Homes Platinum standard. We advised HRI in assembling a financing package of over $13 million, which consisted of construction/permanent financing from TD Bank, N.A. and Massachusetts Housing Partnership Fund Board, public financing from the City of Cambridge, DHCD, CEDAC and MassHousing, and equity financing from the Massachusetts Housing Equity Fund, Inc. Of the 40 units, 6 are reserved for families with incomes below 30% median income and 3 are accessible to individuals with mobility and/or sensory impairments. This development now fills the streetscape along Putnam Avenue and Sidney Street and adds to the residential vitality of the neighborhood.

View Representative Projects By:

Find Us

84 State Street, Suite 940

Boston MA 02109
Phone: 617 451 1725
Fax: 617 917 4774

For general inquiries, please fill in the form on your right or contact: Paula Burns

Send us a message

©2019 Nolan Sheehan Patten LLP. All Rights Reserved.  Legal Disclaimer