Developments > Coffin Lofts
Coffin Lofts, along with its companion project, Lawton’s Corner, was among the first projects MHIC financed using New Markets Tax Credits and among the first NMTC projects in the country to get under way. In downtown New Bedford, six distressed historic buildings (Coffin Lofts and Lawton’s Corner) were transformed into retail/office and commercial space and mixed-income housing. The sponsors teamed up to transform this neighborhood, but would not have been able to complete the project without New Markets Tax Credit financing.
Coffin Lofts
Project at a Glance:
Location:
New Bedford
Development Type:
Commercial,Rental
Project Type:
Historic rehabilitation
MHIC Financing:
$5,391,100 in NMTC financing
Sponsor:
Hall Keen, LLC
Number of Units:
21
Date Completed:
3/28/2006
Coffin Lofts, along with its companion project, Lawton’s Corner, was among the first projects MHIC financed using New Markets Tax Credits and among the first NMTC projects in the country to get under way. In downtown New Bedford, six distressed historic buildings (Coffin Lofts and Lawton’s Corner) were transformed into retail/office and commercial space and mixed-income housing. The sponsors teamed up to transform this neighborhood, but would not have been able to complete the project without New Markets Tax Credit financing.