Affirmative Investments, Inc. assisted the Huntington Theatre Company in securing debt and tax credit financing for the renovation of its historic Huntington Avenue Theatre. Once completion, the renovation will create a 750-seat theater that will provide additional cultural performances to the public, expand its youth educational programming, grow its apprenticeship and workforce development programs; and increase its Huntington Community Membership Initiative. Affirmative secured $7 million of NMTC Allocation and a $9MM Federal Historic Tax Credit Investment from the National Trust Community Investment Corporation and East West Bank. Affirmative also worked in partnership with Zion’s Bank to structure a $44,460,000 loan from Century Bank.
“The Huntington Theatre has been home to so many extraordinary productions over the past four decades,” says Managing Director Michael Maso. “We now have the opportunity to restore this gem of a theatre to its former architectural glory, while also enhancing it with new, modern amenities to serve our artists, our audiences, and our community. And after a year of the theatre being dark, it is thrilling to announce that there is once again energy and activity in the building, as we plan for an exciting future.”
Click here to read more on the Huntington Theatre renovation project.