Rehabilitation of Sewall Building, Boston MA

The Dimock Center

Klein Hornig represented the Dimock Center in the NMTC-financed rehabilitation of the Lucy Sewall Acute Treatment Center, a treatment center for addicts in need of urgent care. The Dimock Center is an institution of long-standing importance in Boston’s Roxbury neighborhood. Founded in 1862 by Dr. Marie Zakrzewska as the New England Hospital for Women and Children. Dimock was the first hospital in New England opened and operated by women for women, and only the second in the country. Noted prominently for its role in the history of women in medicine, Dimock became a leader in American healthcare. It was the only hospital in New England that combined medical, surgical, obstetrical, and pediatric services in a single institution. The Dimock Center was the first hospital in the country to establish a school for nurses and graduated America’s first trained nurse, Linda Richards in 1873, and the country’s first black nurse, Mary Eliza Mahoney in 1879. The NMTC financing involved 2 CDEs, Capital One and MassDevelopment, with Century Bank as senior leverage lender. Capital One is also the NMTC investor.

Pearl Meat, Dorchester MA

Dorchester Bay Economic Development Corporation

Klein Hornig represented Dorchester Bay Economic Development Corporation in the redevelopment of the former Pearl Meat plant in Boston’s Dorchester neighborhood as a 36,000 square foot shared-use commercial kitchen and multi-tenant food production small business center. Among the various sources leveraged through the NMTC structure were City of Boston Section 108 funds, Choice Neighborhoods funds, and various Federal and State grant funds. The project received NMTC allocation from both LISC and PNC Bank, and PNC Bank was also the investor.

Thurgood Marshall Academy, Washington

Thurgood Marshall Academy is a law-themed public charter high school located in Washington, DC that retained Klein Hornig to help structure a highly-leveraged acquisition of a public school building using New Markets Tax Credits and tax-exempt bond financing.  In addition to negotiating subordinate financing to fund the planned renovation of the property, our lawyers worked closely with the DC Public Charter School Board throughout the process to secure all of the consents and approvals required for the transaction to proceed.

Cambridge YWCA, Cambridge MA

The Cambridge Young Women's Christian Association

The historic Cambridge YWCA building is now undergoing a comprehensive revitalization, utilizing equity from State and Federal Historic Tax Credits, long term debt from the City of Cambridge and the Commonwealth of Massachusetts, and a construction loan from Eastern Bank.  Upon completion, the building will provide 103 units of SRO housing for homeless and low-income women, together with office and community space in the Central Square neighborhood of Cambridge, Massachusetts.  Klein Hornig provided the YWCA with representation and guidance from beginning to end.

Berkeley Street Acquisition, Boston MA

Ellis Memorial & Eldridge House

Ellis Memorial and Eldridge House, Boston’s first settlement house, has been caring for children, disabled adults, elders and families for well over a century.  Ellis engaged Klein Hornig to assist with its plan to purchase a 13,000 square foot vacant building across the street from its existing facility, obtain necessary zoning relief, and renovate the project using Federal and State Historic Tax Credits, capital campaign proceeds, and construction financing debt.  Klein Hornig devised an ownership structure to allow the Project to use the historic credits (available only to for-profit entities) and retain its state property tax exemption (available only to nonprofit entities).

ISPN Facilities Renovation, Providence RI

Institute for the Study and Practice of Nonviolence

The Institute for the Study and Practice of Nonviolence (ISPN), which works with young people to help reduce street violence, requested our assistance in connection with the rehabilitation and refinancing of its Providence, RI facility.  Klein Hornig attorneys created a legal structure to combine equity from New Markets Tax Credits, Federal Historic Tax Credits, and State Historic Tax Credits, guiding the ISPN Board and staff through the complexities of tax credit financing and real estate development.

Haynes Charter School, Washington DC

Euphemia L. Haynes Public Charter School, Inc.

The Euphemia L. Haynes Public Charter School retained Klein Hornig in connection with the refinancing of its newly-built school facility in Washington, DC. Our attorneys combined equity from New Markets Tax Credits and tax-exempt bonds in a highly leveraged structure with several subordinate loans that we negotiated with Building Hope and the DC Office of Public Charter School Financing and Support. Throughout the process, we worked with the DC Public Charter School Board to secure the requisite approvals needed to close the transaction.