Our Team
Our Team
Our Team
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus posuere nec quam vel ultrices. Duis est metus, dignissim sed aliquet vitae, condimentum et nulla. Nulla semper dui a tempus consectetur.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus posuere nec quam vel ultrices. Duis est metus, dignissim sed aliquet vitae, condimentum et nulla. Nulla semper dui a tempus consectetur.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus posuere nec quam vel ultrices. Duis est metus, dignissim sed aliquet vitae, condimentum et nulla. Nulla semper dui a tempus consectetur.
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.