Consolidation of all of Way Finders’ departments under one roof will result in better utilization of space and more interaction with the LIPs people that Way Finders serves. As a result, Way Finders will be able to retain 208 FTEs, add 10 FTEs, and serve an additional 500+ LIPs low income people annually. This project represents a significant investment in real estate in an area that is a high priority for local and regional political leaders, and it is considered to be a critical element in ensuring further development in the immediate area.

Gap and Investment

To execute this project without NMTC allocation, Way Finders would need to inject more than $4 million than it could borrow or raise through its capital campaign

Project TypeNon-profit Financing
Project SponsorWay Finders, Inc.
NMTC Investment$4.9 million
Short descriptionExpansion of housing and services to a Low Income Community
Team: LegalKlein Hornig, LLP
Bowditch & Dewey, LLP
Resnic, Beauregard, Waite &
Jones Day
Shatx, Schwarts and Fentin, P.C.
Nolan Sheehan Patten LLP
Hacket Feinberg, P.C.
Team: AccountingCohnReznick LLP
Team: ArchitectKuhn Riddle Architects
Team: Construction ManagerWestern Builders
Financing PartnersCapital One, National Association
Massachusetts Housing Investment Corporation
Capital One Community Renewal Fund, LLC
Life Insurance Community Investment
Capital Campaign Donors