Front entry of the new health center
Krapf Associates provided financial packaging and project management services for this $34 million new construction LEED qualified building, which tripled the space available to the Health Center, moved it closer to the heart of Mattapan and provided rental income from two tenants which both supports the Health Center and provides services to the community. The financial package included stimulus funding, capital campaign contributions, conventional loans and New Markets Tax Credits. Alice Krapf assisted the Health Center’s team in assembling the development team, including architects, engineers, attorneys, etc., liaison with funding sources, soliciting and managing owner vendors for medical equipment, signage, etc.
and managing the development budget. Completed in July, 2012.
This 14 unit single person occupancy rooming house in a stately late Victorian building received State and federal funding for its $2.4 million acquisition and rehabilitation.
Completed: August, 2008.
AHEPA 35 Manor, Nashua, New Hampshire
This 38 unit new construction elderly housing project was funded by HUD and the City of Nashua (total $5.6 million); construction time was nine months. Completed: July, 2008.
Forest Hills Houlsing Project
An 87-unit limited equity cooperative, occupied by low and moderate income households, subsidized in part through federal rental subsidies. Krapf Associates packaged the original financing for the purchase and rehabilitation in 1983 with the National Cooperative Bank (NCB), and refinanced the cooperative to include the purchase of adjacent property and other capital improvements in 1988 with the Bank of Boston and NCB.
Alice Krapf continues to advise to the cooperative on an ongoing basis. In 1994-5, she packaged and managed a $1.3 million refinancing for major capital improvements, including heating system replacement. In 2000, she managed the process of structural reinforcement of one of the Cooperative’s four buildings and recently completed other interior and exterior capital improvement projects. In 2006, Krapf obtained $1.9 million in a refinancing for the Cooperative which resulted in $1 million of capital improvements completed in Spring, 2007.
An innovative combination of a 14-bed shelter, counseling facility and 5-unit Safe Haven SRO for formerly homeless persons with mental illness in an old fire house on the Beverly waterfront, convenient to downtown and public transportation. Financing totaling $1.1 million, through a local bank and Federal Home Loan Bank, McKinney Vento and Housing Innovations Fund. Completed: October, 2006.
Krapf Associates submitted four successful applications for 811 funding and managed the development of four group homes for persons with mental retardation totaling 20 units. All are complete as of June, 2005.
The first building on Dimock’s campus and the only wood frame structure, built in 1872, Krapf Associates prepared a financial package and funding applications which resulted in awards from City, State and Federal sources to rehabilitate this historic property which is used as a transitional house for men in recovery. Completed: December, 2005.
Krapf Associates provided financial packaging and project management services for this 38 unit addition to the Y’s single room housing, which added two floors to an existing four-story brick and steel building. Completion: July, 2004.
Krapf Associates restored this abandoned laundry from the original New England Hospital for Women. It is now a home for 15 pregnant and parenting women from Framingham State Prison with addiction and other high risk pregnancy issues. Krapf Associates packaged financing from a local bank, City and State funds, based on a 15 year lease with the program’s sponsor.