Developments > Boys & Girls Club of Lynn
A qualified equity investment (QEI) of $4.5 million by the Chase/MHIC 2019 Small Loan Fund in MHIC NE CDE II subsidiary 53 LLC to make a qualified low-income community investment (QLICI) totaling $4,500,000 to finance the renovation and the reconfiguration of the Boys and Girls Club of Lynn (BGCL). This transaction comprises the renovation and the reconfiguration of the Boys and Girls Club of Lynn (BGCL) to upgrade its facilities, enhance safety and security, improve handicapped accessibility, and expand its program space to increase daily attendance, as well as serve 40 additional children in its child day care program.
Boys & Girls Club of Lynn
Project at a Glance:
Location:
Lynn
Development Type:
Commercial
MHIC Financing:
$4,500,000 in NMTC financing
Sponsor:
Boys and Girls Club of Lynn
A qualified equity investment (QEI) of $4.5 million by the Chase/MHIC 2019 Small Loan Fund in MHIC NE CDE II subsidiary 53 LLC to make a qualified low-income community investment (QLICI) totaling $4,500,000 to finance the renovation and the reconfiguration of the Boys and Girls Club of Lynn (BGCL). This transaction comprises the renovation and the reconfiguration of the Boys and Girls Club of Lynn (BGCL) to upgrade its facilities, enhance safety and security, improve handicapped accessibility, and expand its program space to increase daily attendance, as well as serve 40 additional children in its child day care program.