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About Lynne D. Sweet Representative Clients Articles Affiliations Projects

Multifamily Development
The Bliss School Apartments had its grand opening in October 2007. This development by GreatBridge Properties brings 40 new units of work force housing to Attleboro, MA. The project involved renovating a 1909 school house along with building an addition. LDS was development consultant and among other matters, negotiated the purchase, worked on updating an existing comprehensive permit, worked with the City Counsel to amend deed restrictions, provided market research and supported the financing applications. The financing consisted of 9% low income tax credits, HOME, CDBG and Affordable Housing Trust Fund.


Rendering of Bliss School Apartments

LDS provided financial consulting services to Drive In Properties in connection with a proposed 80 unit apartment development in Bellingham including assisting with the planning of the project and analysis of the Chapter 40B LIP Application

Assisted Living Investment
LDS provided analysis to Greenfield Partners of Norwalk Connecticut in the investment in a nine unit assisted living and independent living portfolio for facilities located in Connecticut, Rhode Island and Massachusetts to be acquired for $160,000,000 by Benchmark Assisted Living. The analysis involved reviewing market research, property reports and financial projections.

Mixed Income Home Ownership
LDS provided 40B financial consulting services to developers of a 16 unit duplex condominium in Bridgewater, Massachusetts. The work involved preparing financial pro-forma’s for the Site Plan Approval Application and educating the client on various financing options.

Rest Home Conversation
LDS has had two engagements with the Mount Vernon Rest Home in Winchester Massachusetts on an addition and its conversion from a rest home to assisted living. LDS has provided an operational analysis and staffing pro forma for a 17 unit assisted living facility and a supply and demand analysis for a 30 units assisted living facility including unit sizing, income, operating and staffing pro froma’s. The facility is currently constructing the addition and will re-open as a 17 unit assisted living facility in early 2008.

Member, Newton Housing Partnership
Lynne Sweet was appointed in 2006 to the City of Newton Housing Partnership by Mayor David Cohen. The Partnership's mission is to foster, support, and initiate land use, planning and fiscal policies and actions to ensure the development and preservation of housing to serve a socially and economically diverse community. The Partnership reviews all developments in the City of Newton the involve affordable housing and/or are looking for City Funding for housing development.

Community Development Block Grant Application:
Consultant to the City of Newburyport and the Town of Georgetown on a Joint Community Development Block Grant Application. The application totaled approximately $1,000,000 in program fees for four separate programs. The programs were for Housing Rehabilitation Program, First Time Home Buyer Assistance including down payment and closing cost assistance, social services for the Women’s Crisis Center, Rapid Response Team, and funding for Archtectural Barriers Removal. In addition to the project packets, LDS created EO418 submissions and Community Development Strategies for each municipality.

Assisted Living Asset Management
Asset Manager for BayNorth Capital (formerly Charlesbank Capital Partners) on The Crossings Portfolio which BayNorth acquired in a joint venture with Benchmark Assisting Living. The Crossings portfolio consists of eight moderately priced assisted living facilities located in Massachusetts and New Hampshire. LDS provides monthly financial reviews, quarterly meetings with the owner and manager, yearly site and operations inspections, and yearly annual plan review.

Asset Manager for BayNorth Capital (formerly Charlesbank Capital Partners) on five assisted living facilities which BayNorth acquired in a joint venture with Newton Senior Living and is now managed by Watermark Retirement Communities. The portfolio consists of four facilities located in the Mid Atlantic and one in western Massachusetts. LDS provides monthly financial reviews, quarterly meetings with the owner and manager, yearly site and operations inspections, and yearly annual plan review.

Affordable Assisted Living Financing
Financial consultant to The Retreat, a 100-unit affordable, new construction, assisted living facility, Hartford, CT. Assisted the team with application to participate in the State of Connecticut Assisted Living Demonstration Project. Applied to FHLBB for AHP funding and Connecticut Housing Finance Agency for 4% low income tax credits and tax-exempt bond financing. $15,000,000 project complete.

Financial consultant to the Vermont Housing Finance Agency in connection with the financing of the Converse Home expansion from a rest home to 67 units of mixed-income assisted living in Burlington, Vermont.

Affordable Assisted Living
Consultant to Columbia Towers, Bridgeport, CT, a 92-unit affordable assisted living facility under the state of Connecticut Assisted Living Demonstration Program. Assisted development team on various matters including reviewing and negotiating operating numbers, low income tax credit matters and market research.

HUD 811 For Housing for Survivors of Traumatic Brain Injury
LDS worked with Supportive Living, Inc. on the closings for Warren House in Woburn and McClaughlin House in North Reading. The facilities provide housing and supportive services for adult survivors of traumatic brain injury, 11 and 8 units respectively. Funding included HIF II, HOME, HUD 811, and FHLBB AHP.