As longstanding bond counsel to the City of Boston, MA Edwards Wildman served in that capacity and as NMTC counsel for the 2012 financing of a 175,000 square foot state-of-the-art facility in the former Ferdinand’s building to be leased to the City of Boston, which plans to relocate the Boston School District administrative offices to the project upon completion. The project has received to date more than $40 million of NMTC financing from four CDE’s including Bank of America which is also the NMTC investor. Total project costs are expected to be $122,250,000 and construction completion is expected in early 2015. Our lawyers formed and obtained determination letters for two Section 509(a)(3) support organizations.
Posted on January 1, 2015