March 2008 - Newsletter
1. Permitting Wind Turbines in Hull, Massachusetts: Lessons Learned - 3/13/08  
2. Affordable Housing Restrictions: What Lenders, Owners and Buyers Need to Know in Advance - 3/20/08  
3. Report of the MA Commission to End Homelessness - 3/21/08  
4. Overview Of The Current Climate In The Construction And Environmental/Professional Insurance Market - 3/25/08  
5. BBA CLE: Equity Financing for Affordable Housing - 4/4/08  
6. Minutes, Real Estate Section Steering Committee Meeting of March 5, 2008  

















Upcoming Meetings & Events

1. Permitting Wind Turbines in Hull, Massachusetts: Lessons Learned

Click here to RSVP for this program.

March, 13, 2008 - 12:00 pm
Boston Bar Association - 16 Beacon Street

James Lampke, Town Counsel Hull, MA, will discuss his experience working on the permitting issues.


2. Affordable Housing Restrictions: What Lenders, Owners and Buyers Need to Know in Advance

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Thursday, March 20, 2008 - 12:00 pm
Boston Bar Association - 16 Beacon Street

In this presentation Laura Pawle, Kopelman and Paige, P.C., will review the current form of affordable housing restriction adopted for use by MassHousing and DHCD, and other forms of affordable housing restrictions in use, with particular attention to the rights and requirements of the property owner, lenders and potential buyers. She will also review the issues that are critical to the holders of affordable housing restrictions, typically a state agency and a municipality.


3. Report of the MA Commission to End Homelessness

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Friday, March 21, 2008 - 12:00 p.m.
Boston Bar Association - 16 Beacon Street

Join Tina Brooks, Undersecretary of the Department of Housing and Community Development, and Donna Haig Friedman, Director of the Center for Social Policy at UMass-Boston, as the discuss the report of the Commission to End Homelessness . The Commission was co-chaired by Ms. Brooks, and State Representative Byron Rushing, and recently issued its report analyzing the state’s homeless population and setting out an implementation plan to end homelessness within the Commonwealth by 2013. 


4. Overview Of The Current Climate In The Construction And Environmental/Professional Insurance Market

Click here to RSVP for this program.

Tuesday, March 25, 2008 - 12:00 pm
Boston Bar Association - 16 Beacon Street

Join John Termini and Eileen Forgue of Aon Risk Services, as they discuss the current issues in the construction and environmental/professional insurance market.


5. Save the Date! BBA CLE: Equity Financing for Affordable Housing

Friday, April 4, 2008 - 9:00 a.m. - 12:00 p.m.
Boston Bar Association - 16 Beacon Street

Equity financing has been a significant source of project capital for developers of affordable housing developments in recent years. Today, the downward shift in the capital markets has resulted in fewer capital dollars available for investment and more rigorous investment standards. It is now more important than ever to understand how the "sale" of low-income housing tax credits transpires, what syndicators of the tax credit (and their investors) care about, what the implications and incentives are for developers who use equity financing, and how the various legal documents work to memorialize these complicated transactions.

This program will provide participants with an overview of the basic legal structure of low-income housing tax credit projects while offering first-hand insight into the principal business considerations of its investors and developers. A syndicator, developer's consultant and their respective counsel will discuss salient deal terms and supporting documentation for tax credit equity financing.

  1. Understanding the Organizational Structure, Flow of Capital and Tax Benefits
  2. Choosing the Right Equity Partner
  3. Soliciting the Offer
  4. Making Equity Proposal
  5. Negotiating the Deal
  6. Drafting the Documents
  7. Understanding the Marketplace Today

For more information or to register, please click here.


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