Developments > Boston Carpenters Training Center
Using MHIC’s $13.5 million New Markets Tax Credit investment, Boston Carpenters Apprenticeship Training Fund (BCATF) was able to buy the commercial condominium that houses its new headquarters and which provides space for expanded education. BACTF provides training and education to carpenter apprentices and journeymen carpenters. The training program outgrew its previous space; by moving into a larger facility, the Center can train a larger number of people and offer more classes. Carpenters who complete apprenticeships have the benefit of improved job prospects and security in the building trades, nationally recognized credentials, and opportunity for college credit.
Boston Carpenters Training Center
Project at a Glance:
Location:
Boston
Development Type:
Commercial
Project Type:
Renovation and new construction
MHIC Financing:
$13,531,500 in NMTC financing
Sponsor:
NE Regional Council of Carpenters
Date Completed:
2/01/2010
Using MHIC’s $13.5 million New Markets Tax Credit investment, Boston Carpenters Apprenticeship Training Fund (BCATF) was able to buy the commercial condominium that houses its new headquarters and which provides space for expanded education. BACTF provides training and education to carpenter apprentices and journeymen carpenters. The training program outgrew its previous space; by moving into a larger facility, the Center can train a larger number of people and offer more classes. Carpenters who complete apprenticeships have the benefit of improved job prospects and security in the building trades, nationally recognized credentials, and opportunity for college credit.